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IRS Announces New Relief for Late Rollovers

The Internal Revenue Service (IRS) has released new guidance to help taxpayers avoid taxes and penalties for late rollovers of distributions from employer-sponsored retirement plans and individual retirement accounts (IRAs). Ordinarily, such rollov...
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Fiduciary Liability and Its Many Layers

By Kristie L. Guadiano, Director, Greystone Retirement Group, Inc., A Doeren Mayhew Partner Businesses choosing to sponsor 401(k) plans for their employees take on a great deal of fiduciary responsibility and liability under the Employee Retirement...
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3 Ways to Correct Retirement Plan Errors

Errors can sometimes occur in the course of administering an employee retirement plan. The IRS’s Employee Plans Compliance Resolution System (EPCRS) offers programs to help employers that sponsor retirement plans correct errors in a timely and cost...
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Top 10 Plan Audit Triggers to Avoid

Although there is no way to escape the random selection of an audit, Doeren Mayhew suggests limiting your chances of being chosen by avoiding the top 10 plan audit triggers: Late or inconsistent payment of employee deferrals Errors in calculating e...
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