Each summer as clients are going through the external audit for the Form 5500 for their 401(k) plans, we seem to receive the same call from clients. The call goes something like this: “Our auditors just discovered an error in the operation of our plan. They say that our plan document includes bonuses in the definition of compensation, but we have ...
Funds that are comprised of investments partly based on environmental, social, and corporate governance (“ESG”) factors have grown in popularity. Where once a strategy only utilized to service a niche market of investors, using ESG factors to select securities are now seen by some financial institutions as a viable investment strategy ...
This is an update to our March blogpost, where we alerted employers that the 2018 family HSA contribution limit was lowered from $6,900 to $6,850 due to the Tax Cuts and Jobs Act making an inflation adjustment. The IRS is reversing course now for a second time, and the family HSA contribution limit will again be $6,900 for 2018. The IRS cited ...