This resource provides an overview of valuable tax credits available to small businesses that start a new retirement plan. It outlines the eligibility requirements and explains how employers can claim credits of up to $5,000 per year for plan startup costs, plus an additional credit for employer contributions. The handout also includes examples to help plan sponsors understand their potential savings. It’s a helpful guide for making informed decisions about offering a retirement plan while maximizing available tax incentives.

This resource explains the purpose and requirements of the ERISA Fidelity Bond, which is a type of insurance that protects retirement plans from losses due to fraud or dishonesty by individuals who handle plan assets. It outlines who must be covered, how much coverage is required, and how to obtain a bond. Understanding this requirement is essential for plan sponsors to stay compliant with ERISA regulations and help safeguard plan assets. The handout provides a simple overview to ensure sponsors know what steps to take.

This resource outlines the key compliance deadlines and filing requirements that retirement plan sponsors need to be aware of throughout the year. It helps ensure timely completion of tasks such as annual notices, plan contributions, and government filings like the Form 5500. Staying on top of these dates is essential to maintaining plan compliance and avoiding potential penalties. The calendar serves as a valuable planning tool to keep sponsors organized and proactive.

This resource helps plan sponsors understand the importance of maintaining complete and organized 401(k) plan records in preparation for a potential audit. It outlines the types of documents that should be retained—such as plan documents, amendments, payroll records, and contribution reports—and offers tips for staying audit-ready throughout the year. Being prepared not only ensures smoother audits but also helps demonstrate compliance with ERISA and IRS regulations. Keeping well-documented files can significantly reduce stress and the risk of penalties during an audit process.

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This resource provides an overview of the 2025 IRS contribution limits for defined contribution retirement plans, including updates to elective deferrals, catch-up contributions, and annual additions. It’s designed to help plan sponsors stay informed and support employee education and compliance with current plan limits. Sharing these updates with employees can encourage participation and help them make the most of their retirement savings opportunities.

This resource highlights the importance of making timely deposits to 401(k) plans, emphasizing the Department of Labor’s requirements and potential consequences of late contributions. It provides guidance to help plan sponsors stay compliant and protect participants’ retirement assets. Understanding and following deposit deadlines is essential to avoid penalties and maintain the integrity of the plan.