PPC's Guide to Small Employer Retirement Plans gives practical guidance and more than 130 practice aids so you are confident in helping small business clients with all of their qualified plan needs—from choosing the best plan for them to terminating a plan—and everything in between. It covers plans typically sponsored by small businesses: profit-sharing plans, 401(k) plans, SEPs, SARSEPs, SIMPLE IRA plans, payroll deduction IRAs, and defined benefit plans.
This Guide provides step-by-step guidance and examples that illustrate various plan types and designs. Use it to gain a better understanding of how the contribution and deduction limits are related and how the limits affect your clients’ plans. Numerous worksheets are provided to help you complete the testing for your small business clients accurately and efficiently. This Guide will also keep you on top of newly released guidance in the area of compliance for small employer plans.
Audit activity has greatly increased in the plan area.
The IRS is aggressively conducting targeted plan audits. This Guide keeps you informed of what the IRS and DOL are looking for and how they will use this information. The IRS is also focused on service provider audits and the DOL will focus on service provider data integrity. Identifying systemic errors such as the processing of loans and loan defaults will be one focus in the IRS initiative. This Guide identifies 11 other top audit issues and includes what you need to keep your clients in compliance. This Guide is a must for dealing with DOL and IRS compliance matters. Use it to help your clients take advantage of IRS correction programs.
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