What are intangible assets?

By definition, intangible assets consist of items that are not tangible. In other words, these items are not able to be touched or seen even though money may have been paid to purchase them. Some common examples include: Goodwill Patents Copyrights Trademarks Organization Costs Loan Fees Intangible assets can be developed over a period of …

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401k Loan Basics

Below are some basics about 401k loans.  Please review your Summary Plan Description for specific guidelines for loans in your 401k plan. • 401k plans can offer loans to participants however, they are not required to. • 401k loans do not require a credit check. • Most 401k loans are required to be paid back over a maximum …

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Common 403(b) Plan Mistakes

The IRS issued the following listing of recurring mistakes noted in 403(b) plan audits: 1. Failure to be a qualified employer – Only public schools and certain tax-exempt charitable organizations qualify. 2. Failure to properly apply universal availability –This occurs when eligible employees are excluded from participation. 3. Failure to limit employee elective deferrals – The general limit …

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