401k Plan Changes

Tax Treatment of Refunds Changing for 2008 Beginning with the 2008 plan year, ADP and ACP refunds attributable to the 2008 plan year are taxable in the year of distribution. Therefore, for the 2008 plan year, refunds distributed between January 1, 2009 and March 15, 2009 are taxable in 2009, the year distributed (as opposed to the year contributed). Also …

Safe Harbour 401k Plans

Would your company benefit from amending to a Safe Harbor plan design which would: Allow their plan to automatically “pass” the ADP/ACP tests and thereby avoid having to take corrective actions such as issuing refunds to Highly Compensated Employees(HCEs) or Making Qualified Non elective Contribution to Highly Compensated Employees(NCHEs) Allow their plan to “satisfy” Top-Heavy minimum contribution requirements, under certain …

Summer Annual Report

StaffScapes, Inc 401k Profit Sharing Plan Annual Report is ready for viewing The summary annual report for the StaffScapes, Inc. profit sharing plan, plan no 333, for period January1, 2006 through December 31, 2006 is available for viewing. The annual report has been filed with the Employee benefits Security Administration, US Department of Labor, as required under the Employee Retirement …