Unlock Key Benchmarking Data in Your Financial Statement

Many manufacturing companies are looking for new ways to reduce costs and enhance profitability. For some this means upgrading equipment or streamlining processes while others focus on new customer acquisition, existing client satisfaction, technology upgrades and expanding staff skills. While each company has their individual challenges, there are also industry-wide

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How Tax Reform Affects Retirement Plans

The recently enacted Tax Cuts and Jobs Act (the Act) will impact many taxpayers. Here is what employers need to know about how the tax reform affects retirement plans. Plan Loans When an employee that has a plan loan leaves their employer the outstanding balance becomes a taxable distribution unless

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Fixing Plan Mistakes – Failure to Start Minimum Distributions

Managing a retirement plan can be a challenging task. There are many rules and regulations that the plan sponsor must follow which include participant deferrals, hardship loans, contribution management and limits to review and hardship distribution management. In addition, the plan sponsor needs to work closely with the plan custodian

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Preparing For an Employee Benefit Plan Audit

For many growing businesses, there may come a time for an when an employee benefit plan (EBP) audit is mandated by the Department of Labor. If you’re not prepared for the additional scrutiny, especially in light of ever-changing rules and procedures governing qualified employee benefit plans, it can cost valuable

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Ruling Increases Retirement Plan Litigation Exposure

Retirement planning is a key financial goal for everyone in the workforce today. Ensuring that an individual or couple is properly investing to ensure there is enough for retirement is a critical component to any financial plan. In fact, most people today leverage their company’s retirement plan (401k or 403b)

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