CRC Publications
NEW! SECURE Act
The Secure Act became law in December 2019, making many changes to retirement plan rules intended to help encourage plan participation and ease certain administrative burdens for employers! To learn about some of these new rules, view the following CRC publications:
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New Rules for Required Minimum Distributions, click here
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New Rules for Safe Harbor Nonelective Plans, click here
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New Rules for Tax Credit for Start-up Retirement plans, click here
CRC Plan Sponsor Library
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403(b) and 401(k) Comparison Chart, click here
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Cash Balance Plan Basics, click here
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Controlled Groups and Common Pitfalls, click here
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Deposit Rules for 401(k), click here
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Fidelity Bond FAQs, click here
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Important Deadlines for 401(k) Plans, click here
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Plan Fee and Expense FAQs, click here
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Required Minimum Distribution FAQs, click here
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Rollover Chart, click here
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Safe Harbor Plan Basics, click here
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SIMPLE IRA Plan Basics, click here
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Solo 401(k) Plan FAQs, click here
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Stock Attribution Rules FAQs, click here
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Top-Heavy FAQs, click here
IRS & DOL Publications
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Meeting Your Fiduciary Responsibilities, click here
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401(k) Plans for Small Businesses, click here
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401(k) Plan Checklist and Fix-it Guide, click here
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FAQs - Delinquent Filer Voluntary Correction Program, click here
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Retirement Plan Correction Programs, click here
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Understanding Retirement Plan Fees and Expenses, click here
Did you know?
According to the IRS, some of the most common mistakes made in 401(k) plans include:
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Failure to update plan documents
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Failure to include or exclude certain types of compensation from contributions
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Failure to include eligible employees and/or exclude ineligible employees
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Failure to provide safe harbor notices to participants
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Failure to suspend employee deferrals following a participant’s hardship distribution
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Failure to make required top heavy contributions
The good news is that most common mistakes can be corrected through the self-correction procedures set forth under the Internal Revenue Service’s Employee Plans Compliance Resolution System!
To learn more about how to correct plan failures, please contact us.
Source: “EPCRS: Correcting Common 401(k) Mistakes”, July 25, 2013, IRS Phone Forum
Other Resources
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IRS - Retirement Plans Community, click here
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DOL - Employee Benefit Security Administration, click here
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Plan Sponsor.com, click here
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Prime Rate, click here
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AARP Retirement Calculator, click here
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SSA Retirement Estimator, click here
Fidelity Bonds
Enter referral code fl0490
