Are you prepared for an IRS audit? The Internal Revenue Service’s (IRS’s) Employee Benefit ance with regulations, the IRS can impose taxes, penalties and interest. Audit Program is used to audit and enforce. The IRS’s emphasis, with respect to defined … Read More

Have you conducted a fee equalization/levelization? Fees in defined contribution (DC) plans can be complicated. Historically, fees have not been fully and simply disclosed, but the industry is changing towards greater and more understandable disclosure. Simply put, there are two … Read More

Beware of the IRS and DOL: Four Red Flags They Seek on Form 5500 The Form 5500 is an ERISA requirement for retirement plans to report and disclose operating procedures. Advisors use this to confirm that plans are managed according … Read More

Deferred compensation programs typically offer open enrollment year-round. Employees can choose to participate when they feel ready and motivated to do so. This traditional enrollment method is known as the “opt-in” approach. However, many employers are moving to an “opt-out” … Read More