Featured Jobs
|
Anchor 3(16) Fiduciary Solutions
|
|
Compass
|
|
Retirement Plan Consultants
|
|
Mergers & Acquisition Specialist Compass
|
|
Strongpoint Partners
|
|
ESOP Administration Consultant Blue Ridge Associates
|
|
Regional Vice President, Sales MAP Retirement USA LLC
|
|
DC Retirement Plan Administrator Michigan Pension & Actuarial Services, LLC
|
|
Cash Balance/ Defined Benefit Plan Administrator Steidle Pension Solutions, LLC
|
|
July Business Services
|
|
Relationship Manager for Defined Benefit/Cash Balance Plans Daybright Financial
|
|
Combo Retirement Plan Administrator Strongpoint Partners
|
|
Retirement Plan Administration Consultant Blue Ridge Associates
|
|
Managing Director - Operations, Benefits Daybright Financial
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
IRS Issue Snapshot: 403(b) Plans -- Catch-Up Contributions
Internal Revenue Service [IRS] 
[Guidance Overview] May 7, 2020 "Audit Tips: [1] Review the Forms W-2 to determine if any employee has exceeded the basic IRC Section 402(g) limit. This indicates that the employee made catch-up contributions. [2] Determine if the plan document permits the age 50 catch-up or the special 403(b) catch-up contributions. For plans that permit both types, make sure the contributions are applied to the limits in the proper order. [3] Verify that the qualified organization keeps the records necessary to calculate the special 403(b) catch-up and that the calculations are accurate." MORE >> |
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |