It sounded like a great idea at the time. An alumni association for a student organization was being formed and with my expertise in fundraising, I was asked to be on the fundraising.
They say change is good. Some changes are good, and some changes have growing pains. I’m a big fan of retirement plan coverage, so allowing long-term, part employees to defer will be a.
Most errors I have seen through plan audits are typical. It’s usually late deferrals or a screw-up on the definition of compensation. Yet there can be some true horror shows out there,.
There is still big business with small plans. Empower has reported it has achieved sales of more than $10 billion in new retirement plan sales, amounting to some 3,300.
The Internal Revenue Service finally released regulations for 401(k) plans for long-term, part-time employees (LTPTE).The provision will go into effect starting January 1, 2024.