Archive by tag: SOCReturn
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Alliance’s Annual Audit is Complete!

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In providing services to our clients, millions of transactions are processed and thousands of reports are produced throughout the year. Maintaining our systems to ensure vital data are managed in a flawless manner is an integral job for our team.
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| Categories: Articles | Tags: SOC, report

Year-End Compliance Testing Overview

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IntroductionEmployee Census Data CollectionOwners and OfficersHighly Compensated Employees (HCEs)Key EmployeesRelated BusinessesRequired Plan TestingMinimum Coverage TestAverage Deferral Percentage (ADP) and Average Contribution Percentage (ACP) TestsTop Heavy TestAnnual Additions TestConclusion2015 IRS and Social Security Annual Limits The end of the calendar year is fast approaching which means the plan year end for many qualified plans. It will be time for plan sponsors to collect complete em...
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| Categories: Articles | Tags: ADP, ACP, HCE, key employee, IRS, Social Security

Down With DOMA

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DOMA is small in the sense that it consists of only three sentences, making it shorter to include the full text of the law here rather than attempting to explain it.
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| Categories: Articles | Tags: DOMA, IRS, Social Security, QDRO, HCE, retirement plan

The IRS Meets Letterman

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Anyone who has ever watched late night television is familiar with the ubiquitous Top 10 List, counting down humorous examples of whatever is in the news. Not to be upstaged, the IRS has its own Top 10 List—the top 10 plan compliance failures found in voluntary correction filings.
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| Categories: Articles | Tags: IRS, tax law, Social Security, 401(k), RMD

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