401K

IRA Charitable Donations: An Alternative to Taxable Required Distributions

You can make cash donations to IRS-approved charities out of your IRA using so-called “qualified charitable distributions” (QCDs).┬áThis strategy may be advantageous for high-net-worth individuals who have reached age 70 1/2. It expired at the end of 2014, but QCDs were made permanent for 2015 and beyond under the Protecting Americans from Tax Hikes (PATH)… Read more »

What You Should Consider When Hiring a Benefit Plan Auditor

As an employer with more than 100 participants in your employee benefit plan, your retirement plan is required to have an employee benefit plan audit. One of the most important duties you have as the plan administrator is to hire an independent qualified public accountant to perform the audit. Determining if You Need an Audit… Read more »