Important Annual Plan Dates To Remember!

June 2, 2021 | posted in: Accountants | by

Deadlines and Explanations of Key Events for Qualified 401(k) and Defined Contribution Plans

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There are many important requirements for qualified 401(k) and defined contribution plans that occur either during the calendar year or during the plan year. Some examples include participant statements, compliance testing and remittance of plan contributions.
We are providing you with the attached chart which, although not intended to be exhaustive, includes the key annual events which must occur for compliance over the course of the plan year or the calendar year. (For off-calendar year plans the deadlines should be determined accordingly based on the time frames described in the chart.)
There is a lot to monitor and manage, as missing any of these deadlines and/or events can cause headaches for you and your clients. We encourage you to reach out to us so we can help you and your clients navigate these deadlines and requirements, thereby providing your clients with the best possible service.
Download your copy here.

10 Retirement Planning Mistakes People Make at 50

May 13, 2021 | posted in: Blog, Employee Education | by

As Patrica Amend writes, “Reaching age 50 is a milestone that most of us celebrate.  After acknowledging this momentous birthday, Austin Frye, a certified financial planner (CFP) at the Frye Financial Center in Aventura, Florida, invites prospective clients to a financial review. With those who have done little budgeting or saving, he’s direct. “You have one last chance to put yourself on course to achieve a successful retirement,” Frye tells them. “It’s time to talk about saving more, spending less or both.”  Some folks listen, but others don’t.  Following are 10 errors that Frye and other financial planners see 50-year-olds make that may, indeed, have serious consequences down the road.”  Read more.