Featured Jobs
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Retirement Plan Administrator (Part-Time) Accelefund, Inc.
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Spectrum Pension Consultants (part of Daybright Financial)
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Participant Services & Operations Coordinator Pentegra
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3(16) Retirement Plan & Customer Liaison Compass
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BPAS
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Free Newsletters
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Search the News Archive
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14 Matching News Items |
| 1. |
Spectrum Consultants
Dec. 21, 2025
"Retroactive adoption of cash balance plans is a powerful tax planning tool for business owners aiming to reduce taxable income while accelerating retirement savings. CPAs play a crucial role in identifying potential candidates for this type of plan and coordinating with plan administrators."
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| 2. |
Spectrum Consultants
May 15, 2025
"TPAs wear many hats and offer services including those related to: [1] Compliance consulting ... [2] Preparing plan documents.... [3] Tracking and determining eligibility.... [4] Tracking distributions.... [5] Tracking loans.... [6] Generating notices.... [7] Preparing Form 5500 for plan sponsor's signature.... [8] Managing vendors.... [9] Assisting with business and regulatory compliance during mergers, acquisitions, or plan termination."
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| 3. |
Spectrum Consultants
July 28, 2025
"[Y]ou may have offered advice to clients on how to establish a solo 401(k) to limit their tax liability while saving for retirement.... [W]hat happens when the client must hire an additional employee who is not their spouse or a co-owner of the business? It might be possible to exclude the employee and stay a Solo 401(k) ... What if the employee can't be excluded? ... What changes when moving from a Solo 401(k) to a regular 401(k)?"
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| 4. |
Spectrum Consultants
June 10, 2025
"What is a Solo 401(k)? ... What kinds of contributions can owners put in? ... What about testing and reporting? ... What happens if the business sponsoring a Solo 401(k) hires an employee? ... Is there a problem with just using a financial institution's stock Solo 401(k) document?"
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| 5. |
Spectrum Consultants
Apr. 21, 2025
"The new amendments to VFCP require that notice of self-correction be filed with the DOL and include brief information about the plan, the plan sponsor, the error, and the number of impacted participants. Applicants who submit the notice will receive confirmation of the DOL’s receipt but need not wait on DOL approval."
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| 6. |
Spectrum Consultants
Sept. 12, 2024
"Oregon in 2017 ... implemented the first program. The success of this program encouraged other states to adopt similar initiatives.... The overarching goal was to provide a retirement savings option for small business employees who otherwise would not have access to such plans.... While a highly customized employer-sponsored retirement plan ... makes sense for many employers, for smaller employers with limited resources, a state-sponsored Auto-IRA program may prove a useful solution."
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| 7. |
Spectrum Consultants
Apr. 10, 2024
"Before adding an investment strategy or asset class to an investment menu it is important to carefully consider the rationale for doing so. Is the potential addition appropriate based on the retirement plan's Investment Policy Statement and the plan participant population served?"
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| 8. |
Spectrum Consultants
Apr. 10, 2024
"Plan participants need to take common sense measures to safeguard their accounts. Plan sponsors now face the dual challenge of providing online access to participants' retirement plans while keeping their information secure. Implementing and maintaining a proactive cybersecurity strategy is key for both parties."
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| 9. |
Spectrum Consultants
Nov. 15, 2023
"Plan sponsors now have the ability to allow participants who are going through or have experienced a natural disaster, terminal illness, domestic abuse situation or an immediate financial need to take a penalty free distribution from their employer-sponsored retirement plan."
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| 10. |
Spectrum Consultants
May 11, 2023
"While most provisions will take affect within the next two years, it is important for plan sponsors and service providers to become familiar with the 2025 and later provisions so potential operational roadblocks can be addressed and changes can be quickly implemented when the deadline approaches."
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