Andrea McLane – Page 2 – Rea CPA
Author
Jan 20, 2010
Blog

Department of Labor Issues

On January 14, 2010, the Department of Labor issued a final rule establishing a “safe harbor period” of seven business days as a reasonable time frame for depositing employee contributions and loan repayments into retirement plans Under this regulation, employers will be in compliance with ERISA rules if they deposit employee contributions within seven business … Continued
Author
Jun 18, 2008
Blog

Cross-Tested Profit Sharing Plans

Have you ever wondered what exactly a cross-tested profit sharing plan is? Have you heard someone talk about how wonderful their cross-tested plan is and wonder what they are talking about? Cross-testing is a term used to describe the technique where profit sharing allocations are converted to a projected benefit at retirement to pass nondiscrimination … Continued