Monthly Archives: December 2015

In-Service Distributions

By |2018-02-26T17:45:24+00:00December 7th, 2015|News|

When can a participant receive a distribution from a retirement plan while still working? It depends. A plan may (but is not required to) allow participants to receive in-service distributions. In addition, certain conditions must be satisfied which are set forth under the Internal Revenue Code, regulations and IRS guidance. Are the rules different depending

Mid-Year Changes to Safe Harbor 401(k) Plans

By |2018-02-26T17:52:34+00:00December 7th, 2015|News|

In January 2016, the IRS issued Notice 2016-16 providing long-awaited guidance on when changes can be made to safe harbor 401(k) plans mid-year. Previous IRS guidance (formal and informal) seemed to indicate there were only limited circumstances under which a safe harbor plan could be amended prior to the first day of the following plan

Fidelity Bond FAQs

By |2018-02-26T17:50:58+00:00December 6th, 2015|News|

What is a fidelity bond? A fidelity bond is a special type of insurance that protects plan participants from the risk of loss due to acts of fraud or dishonesty by plan officials. Is a fidelity bond required for my plan? Generally, yes. With limited exceptions, all qualified plans (i.e. 401(k) plans, profit sharing plans,

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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.