Employers are facing many challenges due to the recent spread of COVID-19. If you have had to reduce your workforce as a result of the financial impact of the virus, there may be repercussions that affect your retirement plan. Your plan may have experienced a partial plan termination as a result of one downsizing or […]
By Stacey Spencer, QKA | Manager, Employee Benefits Group and Tim Ayler, CPA | Partner, Team Member of the Employee Benefits Group On April 4, 2014, the IRS issued Notice 2014-19 which responded to several questions lingering about how qualified retirement plans should apply the United States Supreme Court case State v. Windsor which stuck […]
by Jim Wagner, CPA and Andrew Rutherford | Team Member of the Tax Services Group Are you retiring or turning 70 years young this year and have questions regarding required minimum distributions from your IRA or qualified retirement plan? If so, you will want to read this article that covers some unique issues pertaining to […]
By Andrew Rutherford and Marie Jett, CPA | Team Members of the Tax Services Group Year-end tax planning could be especially productive this year because timely action could nail down a host of tax breaks that won’t be around next year unless Congress acts to extend them. For businesses, tax breaks that are available through […]
by Marie Jett, CPA | Manager, Tax Services Group 2012 FUTA Rates for Indiana Employers When employers pay their federal unemployment taxes (FUTA), they receive a rate credit when they pay their state unemployment taxes. The FUTA rate for employers is 6%. Employers can receive a rate credit of up to 5.4%, effectively making the […]
by Stacey L. Spencer, QKA | Manager, Employee Benefit Services Group The retirement plan industry is overloaded with hidden fees and as a result, employers often think they are getting 401(k) administration for free. But in reality, the administration fees are concealed in the insurance contracts or mutual funds. This is a result of companies […]
by Stacey Spencer, QKA | Manager, Employee Benefit Services In this tough economy, many employers are looking for ways to decrease expenses. One option is to pay certain retirement plan expenses from the plan assets. Fees related to the administration of the plan can generally be paid from plan assets if 1) they are prudent […]