07/04/2015
If you have an auto-enrollment 401(k) or 403(b) plan, or a plan with escalation features, then you probably have administrative problems. Run-of-the-mill 401(k) plans aren’t a piece of cake to administer, either. The IRS has created three new safe harbors under which you don’t need to make corrective contributions for missed or incorrectly calculated employee pretax deferrals if certain conditions are met. The safe harbors became effective April 2, 2015.
07/03/2015
Procrastinators beware: Aug. 1 is rapidly approaching. That’s when penalties increase from $100 per form (up to $1,637,500) to $270 (up to $3,275,500) for W-2 missteps.