Posts Tagged: 401k

The IRS has finalized the 1095C

The IRS is using the 1095C to ensure compliance with the affordable care act. They have finalized the form for 2015 reporting. Employers will have to complete the 1095C in 2016. Employers with 100 (50+ in 2016) and more employees are required to file these reports by February 2016 for 2015. The new reports are… Read more »


IRS increases the limits of 401k

Limits That Increase for 2015 Are As Follows: –The annual Salary Deferral Limit for 401(k), 403(b), and most 457 plans, currently $17,500, increases $500 to $18,000. –The age 50 and up catch-up limit also increases $500, to $6,000 total. This means that the maximum plan deferral an individual age 50 or older in 2015 may… Read more »

Posted on October 24, 2014 by Rick Rossignol

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Common 401k Mistakes

Here is a quick list of mistakes that employers make on their 401k plans. COMMON COMPLIANCE ERRORS This list, along with more detailed information on examination trends located on the IRS website can be used by plan sponsors to identify compliance risks in their own plans. Missing plan document amendments Not using the plan’s definition… Read more »