Fee Disclosures - 3 Month ExtensionOn February 2, 2012, the DOL released the final ruling on Section 408(b)(2) fee disclosures resulting in yet another extension of the effective date...Scott M Dufek, CPA | 02/03/2012
ASPPA Requests Fee Disclosure ExtensionAs the deadline for ERISA Section 408(b)(2) and 404(a) regulations nears, industry leaders are asking for more time.Scott M Dufek, CPA | 01/08/2012
2012 - Cost of Living AdjustmentsRetirement plan contribution limits for 2012 have been announced...Scott M Dufek, CPA | 11/29/2011
Fee disclosures officially delayedThe Department of Labor has officially moved the deadline for compliance on fee disclosures.Scott M Dufek, CPA | 07/23/2011
Participant Statement Fee Disclosure UpdateChanges are coming to the statements participants in your 401(k) plan receive on a quarterly basis. Disclosures of fees deducted from participant accounts will be shown on the face of the statement. The level of detail and the timing of the implementation remain undecided...Scott M Dufek, CPA | 07/02/2011
Participant Loan Bill Moving Through SenateSenate bill seeks to make changes to current regulations governing participant loans.Scott M Dufek, CPA | 06/05/2011
Investment Policy StatementA well written investment policy statement can go a long way in demonstrating that you fulfilled your fiduciary duties.Scott M Dufek, CPA | 03/27/2011
Who Is A Fiduciary?Being a fiduciary of a 401(k) plan is an important function that comes with a certain level of personal risk.Scott M Dufek, CPA | 03/01/2011
401k Audit - a Value Added Service?Do you view your current employee benefit plan audit as a regulatory requirement? When properly planned, an benefit plan audit should provide a value added service.Scott M Dufek, CPA | 02/16/2011
Participant Loans and Deemed DistributionsDeemed distributions occur when a participant fails to repay a loan from an employee benefit plan - the result is the loan becomes taxable income to the participant.Scott M Dufek, CPA | 01/07/2011
Accounting Change - Participant LoansNew rules governing the accounting for participant loans by defined contribution plans.Scott M Dufek, CPA | 09/20/2010
Do I Need a 401(k) Audit?A 401(k) audit is triggered by the number of eligible participants in your plan. Do you know the threshold?Scott M Dufek, CPA | 05/05/2010
Defining CompensationAre you familar with the definition of compensation as it is written in your 401(k) or 403(b) plan? Nearly all calculations from employee deferrals to employer matching are driven by the definition of compensation so you should be...Nancy C Dufek, CPA | 03/27/2010
Participant ForfeituresDefinition and uses of Participant forfeituresScott M Dufek, CPA | 02/21/2010
Correcting Plan FailuresYou have identified that your Plan may not be in compliance with your Plan Document (or worse with IRS/DOL regulations) - What do you do now?Scott M Dufek, CPA | 02/03/2010
Remittance of Participant DeferralsDepartment of Labor issues guidance on remitting employee deferralsScott M Dufek, CPA | 01/25/2010
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