Tag Archives: 401k distributions

1099-R Distribution Codes

Posted on November 29, 2011 by admin

When distributions are made from a retirement account the tax form issued is the 1099-R.  A lot of information we want to know as auditors is presented on the form; gross Continue reading

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401(k) and 403(b) Plans to Disclose Fees Charged to Participants

Posted on October 26, 2010 by admin

If you’re like most people, it’s not easy to determine exactly how much you’re being charged for your employee benefit plan fees.  Some expenses are disclosed on your statement, but some Continue reading

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When is a Loan Considered a Deemed Distribution?

Posted on September 29, 2009 by admin

Many 401(k) plans permit participants to borrow from the plan, and it’s becoming a more and more common practice for participants to do so. The plan document must specify if loans Continue reading

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Tax Savings Credit – Incentive to Increase 401k Participation

Posted on September 22, 2009 by admin

One of the challenges that 401k sponsors deal with is lack of plan participation by eligible employees. An easy way for sponsors to encourage their eligible employees to participate is to Continue reading

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Required Federal Income Tax Withholdings from 401k Distributions

Posted on August 4, 2009 by admin

The IRS has various rules related to income tax withholding from 401k distributions. The most common rule is the minimum 20% that is required to be withheld from eligible rollover distributions. Continue reading

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Finding information on employee benefit plans can be difficult and time consuming. As a service to our clients, and other interested parties who are involved in or in need of employee benefit services, we'll gather all of the information for you. We'll keep you up-to-date on the latest laws and regulations and we will even add our own personal insight into what else is occurring in the employee benefits world. We will provide these posts weekly and hope to get your input and feedback on the various topics. We will also share that feedback with others, as we find appropriate.

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