Yes, you can! You can set up a Simplified Employee Pension (SEP) up until the due date of your tax return, including extensions! You must contribute for each eligible employee. You can set up a SEP using IRS Form 5305-SEP. Your contributions are tax deductible, and you are saving for
New Fiduciary Rule Effectively “Killed”
We previously reported that due to a Presidential Memorandum issued on 2/3/17, the Dept. of Labor has granted a 60 day extension to the application of the fiduciary rule and exemptions known as BICE (Best Interest Contract Exemption). The Fiduciary Rule was to go into effect 4/10/2017 but will now
More Great news for Safe Harbor 401(k) Plans!
On January 18, 2017, the IRS released proposed regulations to allow the use of forfeitures for funding Safe Harbor Matching, QNEC or QMAC contributions. The IRS is accepting comments through April 18, 2017. The proposed regulations would be effective for taxable years on or after the regulations