IRS Announces Hot Topics Webinar
The Internal Revenue Service is holding a “Retirement Plan Hot Topics” webinar September 11.
Tag: 5500
Why Small Plans Often Outperform Large Plans
Analysis
of public Form 5500 reporting data reveals small 401(k) plans often outperform
large plans on a number of key metrics, says Judy Diamond Associates.
Making Sure the Form 5500 Is Ready to File
Annual filings always bring a swirl of activity, and
July 31 is no different. It also brings a cloud of confusion for plan sponsors,
according to Form 5500 mavens.
GAO Recommends Changes to Form 5500
The Government Accountability Office (GAO) is
recommending that regulators consider modifying Form 5500 plan investment and
service provider fee information.
Summit Professional Networks Acquires Pension Data Resources
Summit Professional Networks has acquired Pension Data Resources, Inc. (PDR), known in the retirement planning industry for its PensionPlanet.com brand.
IRS Finds Widespread Final 5500 Errors
The majority of final Form 5500s reviewed during a
recent Internal Revenue Service (IRS) compliance assessment contained errors,
many related to undistributed assets.
Advisers Can Wave Red Flags, Too
It’s
well known that federal auditors look for red flags to target review efforts, but
one service provider says retirement plan advisers should use them for better business
planning.
IRS Provides Relief for Late Form 5500 Filers
The Internal Revenue Service (IRS) is providing penalty relief for certain late filers of Form 5500.
What Will the IRS Be Looking into Next?
In 2010, the Internal Revenue Service (IRS) launched
a large compliance project, the 401(k) Questionnaire.
Plan Financial Audits May Uncover 'Red Flags'
When performing annual retirement plan
financial audits, plan sponsors and their auditors should look for potential “red flags” for regulators.
How to Avoid (or Survive) a Plan Audit
Aggregated qualified retirement plan audit data from the Department of Labor (DOL) shows that, of the 3,677 investigations closed in 2013, violations were found nearly 73% of the time.
No Shortage of Challenges or Chances
Retirement
advice professionals must confront some acute challenges in the months and
years ahead to ensure their ability to support clients—and grow their own firms—remains
intact.
Fiduciary Liability and Form 5500 Reporting
Retirement plan sponsors can outsource much of the
work involved in filling out and filing annual Form 5500s, but they’re still
responsible for the results.
Should Small Plans Mimic Big Ones?
Small plans must be given more latitude to mimic their larger counterparts if the nation is to adequately fund its retirement needs, says Kristi Mitchem, of State Street Global Advisors.
Church Plan Lawsuits Could Reverse 30 Years of Precedent
Recent court cases are not the first efforts to try
to protect retirement assets for employees in plans that have been designated
as “church” plans by the Internal Revenue Service (IRS).
Consultant Launches 3(16) Fiduciary Services
Northeast Professional Planning Group Inc. (NPPG) now offers ERISA 3(16) fiduciary services to assist plan sponsors in day-to-day administration and compliance efforts.
DOL Releases Updated Form 5500
The Department of Labor (DOL) has released informational copies of the new Form 5500.
How About Forever? Does That Work for You?
Six years may be a good document retention yardstick, but advisers
should warn their plan sponsor clients that it may not be right for retirement
plans.
ASPPA Asks DOL to Improve Form 5500
The American Society of Pension Professionals & Actuaries (ASPPA) has asked the U.S. Department of Labor (DOL) to enhance Schedule C of Form 5500.
Five Tips for Filing Form 5500
The Internal Revenue Service (IRS) has made available a video of Form 5500 and extension filing tips.