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About Karen Dixon-Burroughs

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So far Karen Dixon-Burroughs has created 14 blog entries.

Maximizing an Owner’s Retirement Benefit

By |2018-08-07T12:48:28+00:00August 6th, 2018|Advisor Connect Videos|

Maximizing an Owner's Retirement Benefit It’s a common story – business owners put everything into their businesses for years before being in a financial position to put real money away for retirement. Once they’re ready to really get going, we can suggest a number of retirement plan designs and individual plan features that can help

Advantages of an Unbundled Platform

By |2018-08-07T12:44:33+00:00August 6th, 2018|Advisor Connect Videos|

Advantages of an Unbundled Platform There are some things that we’re happy to buy right off the rack. After all, mass production usually means consistency and cost-savings. On the other hand, when we do buy off the shelf, we compromise on individual choice and sometimes flexibility in getting the exact qualities and features we want.

Top Heavy Plan Basics

By |2018-02-26T17:53:05+00:00February 26th, 2018|News|

What are the top heavy rules? In general, a defined contribution plan (i.e. 401(k), profit sharing, money purchase, etc.) is considered to be top heavy when more than 60% of plan assets are attributable to "key employees" as of the "determination date". Top heavy plans are subject to certain minimum contribution and vesting requirements. Who

Plan Compensation – Not So Simple!

By |2018-02-26T17:50:21+00:00February 26th, 2018|News|

Plan Compensation – Not So Simple! At face value, it seems like "compensation" would be one of the simplest issues to deal with in a retirement plan, but it is actually one of the most complex. Understanding what compensation is "plan eligible" is one of the biggest headaches for plan sponsors and an area in

IRS Issue Guidance for Plan Corrections

By |2018-02-26T17:52:04+00:00February 26th, 2018|News|

IRS Provides Welcome Relief for Plan Sponsors! Mistakes happen! It is inevitable because the rules governing retirement plans are complex and always changing. The IRS Employee Plans Correction Resolution System (EPCRS) has done wonders in allowing plan sponsors to correct mistakes, often without seeking approval from the IRS, and avoid costly sanctions and fines. On

Payment of Plan Fees and Expenses

By |2018-02-26T17:49:10+00:00February 26th, 2018|News|

What fees and expenses can be paid for by a plan? In general, fees and expenses associated with the on-going administration of a retirement plan may be paid from plan assets provided they are necessary and reasonable. Certain expenses known as "settlor" expenses, however, cannot be paid for from plan assets. What is considered reasonable?

Deposit Rules for 401(k) Plans

By |2018-02-26T17:48:35+00:00February 26th, 2018|News|

Deposit Rules for 401(k) Plans One of the most common mistakes made by 401(k) plan sponsors is failure to deposit participant contributions (i.e. 401(k) deferrals/Roth contributions) and loan payments in a timely manner. Having said that, it is worthwhile reviewing the rules and consequences of making late deposits. What are the rules? In general, the

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QPA employees have combined retirement plan experience in excess of 65 years; and employees certified by American Society of Pension Professionals and Actuaries (ASPPA).  We do not limit our client base to the southeastern states, nor do we require a minimum number of participants.