The IRS Employee Plans Compliance Resolution System (EPCRS) permits any plan sponsor of a retirement plan (including SEP and SIMPLE IRA plans) to correct plan failures. Three correction programs exist: Self-Correction Program (SCP) – authorizes corrections, consistent with recommended fixes for problems, without contacting the IRS or paying a fee; Voluntary Correction … [Read more...] about Updates To IRS Correction Principles For Qualified Plans | Haynsworth Sinkler Boyd, P.A.
Simple IRA
Updates to IRS Correction Principles for Qualified Plans
The IRS Employee Plans Compliance Resolution System (EPCRS) permits any plan sponsor of a retirement plan (including SEP and SIMPLE IRA plans) to correct plan failures. Three correction programs exist: Self-Correction Program (SCP) – authorizes corrections, consistent with recommended fixes for problems, without contacting the IRS or paying a fee; Voluntary Correction Program … [Read more...] about Updates to IRS Correction Principles for Qualified Plans
The Office Needs To Become Hybrid-Friendly. 4 Tips For Getting Started.
As companies hammer out their hybrid workplace strategy, they’re envisioning a new model for the ... [+] office. getty After compensation, the No. 1 thing employees care about in 2021 is flexibility. This comes from a global study of workers by The Future Forum, a Slack consortium, which found that overwhelmingly, knowledge workers want flexibility in their … [Read more...] about The Office Needs To Become Hybrid-Friendly. 4 Tips For Getting Started.
IRS Updates VCP for Plan Sponsors Ineligible to Sponsor SIMPLE IRA
The IRS on July 22 updated the Voluntary Compliance Program for plan sponsors that are ineligible to sponsor a SIMPLE IRA plan. More specifically, they have updated the VCP Submission Kit. Plan sponsors may use the VCP Submission Kit if they are ineligible to sponsor a SIMPLE IRA plan because either they have too many employees or they maintain another type of retirement … [Read more...] about IRS Updates VCP for Plan Sponsors Ineligible to Sponsor SIMPLE IRA
4 Low-Effort Ways to Double Your Retirement Savings | Smart Change: Personal Finance
4. Reinvest your dividendsSome stocks pay dividends. These are excess earnings the company passes on to shareholders, usually quarterly. How much you get depends on how the business has been doing and how many shares of its stock you own.You have the option to cash out these dividends and spend them on whatever you like, but it's often smarter to reinvest them. Many brokers … [Read more...] about 4 Low-Effort Ways to Double Your Retirement Savings | Smart Change: Personal Finance