DOL Announces 2023 Form 5500 & Other Updates

DOL Announces 2023 Form 5500 & Other Updates

by | Audit

Earlier this month, the Department of Labor (DOL) issued several updates that not only impact IRS Form 5500 but call for several reporting changes.  While an annual exercise, many of this year’s updates were made to comply with the provisions outlined in the SECURE...
IRS Finalizes New Hardship Distribution Rules

IRS Finalizes New Hardship Distribution Rules

by | Audit

Denver companies that offer 401(k), 403(b) and other retirement plans will soon be required to comply with new hardship distribution rules. In September, the IRS issued final regulations which make it easier for plan participants to receive such distributions when the...
IRS Expands Self Correction Program

IRS Expands Self Correction Program

by | Audit

Denver area companies that offer 401(k), 403(b) and other retirement plans are required to maintain compliance with the rules and regulations imposed by the Department of Labor (DOL) and the IRS. The rules which are designed to protect participants, their investments...
Preparing for Your First 401k Plan Audit

Preparing for Your First 401k Plan Audit

by | Audit

Denver companies with 401k or other benefit plans that have grown beyond 100 eligible participants are often faced with new compliance requirements. One of the most important changes that occurs when the 100 participants threshold is crossed is the annual plan audit...
Timely Remittance of Participant Contributions

Timely Remittance of Participant Contributions

by | Audit

Ensuring a company’s retirement plan is operating according to plan documents, IRS regulations and Department of Labor (DOL) rules is not an easy task. There are dozens of processes that must be monitored including making sure participants are engaging in the plan,...