Employee Benefit Plan News

In this edition of the Employee Plans News:

April 30, 2016 deadline for employers using a pre-approved 401(k), profit-sharing or other defined contribution retirement plans to sign an updated version

Correcting missed plan deadline – new option for financial institutions or service providers who offer pre-approved plans to request a closing agreement for their plan sponsors who miss the April 30, 2016 adoption deadline

2016-2017 Priority Guidance Plan – submit recommendations by May 16, 2016, to possibly include in the Plan (Notice 2016-26)

Plan designs using short service – ensure plan contributions or benefits don’t discriminate in favor of highly compensated employees

2015 Form 5500-EZ, Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan (instructions)

457(b) plans:

Recorded webinars:

IRS Tax Tips:

more employee benefit 401K plan tips from sacramento cpa tax prep islip + company