401(k) Contribution Limits Increased for 2018

For the first time in three years, the IRS has increased the annual 401(k) contribution limit for 2018. The annual limit was increased $500, to $18,500. The catch-up contribution limit remains unchanged at $6,000, resulting in a total contribution limit of $24,500 for individuals over the age of 50. Additionally,

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DOL Reaffirms Lack of Audit Quality by Plan Audit ‘Dabblers’

At the AICPA’s National Employee Benefit Plan Conference in early May, Michael Auerbach, Acting Chief Accountant within the Employee Benefits Security Administration of the Department of Labor (DOL), presented the department’s findings that audit quality remains poor within the Employee Benefit Plan (EBP) area. The department noted an audit deficiency

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