Spring 2012, Volume 6/Issue 1
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Many of us regularly read trade publications to keep in tune with what's happening in our particular industry. For the last 3 years in the retirement plan consulting trade publications, particularly in the ....Read More |
Form 5500, Employer Contribution Deposit, ADP/ACP Excess, 402(g) Limit Corrections. IRS Limits have changed for 2012. Read More |
Secure File Send & TSC Secure Plan Access Website
TSC takes sending and receiving of confidential information very seriously. Because of this, when it comes to submission and communicating confidential plan data, TSC protects this information through the TSC Secure Plan Access website and Secure File Send portal....... Read More |
Why did TSC include something called the "Resolutions" wtih the recent amendment to my plan? What is its purpose? Who needs to sign it?
As Plan Sponsor, the Employer is authorized to amend the plan and also has the responsibility to keep a written record of that authorization. This record should be kept with your business minutes (or similar records). To make it easy for you to comply with this written record requirement, TSC provides you.... Read More |
As we discussed in the Summer 2011 edition of the TSC Translator, the U.S. Department of Labor (DOL), the agency charged with regulating private retirement plans, has recently increased its focus on creating more transparency and consistency around the operation and arrangements of private retirement plans. In an effort to.... Read More
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Apples and Oranges: Fidelity Bonds and Fiduciary Liability Insurance
Fidelity bonds (also known as ERISA bonds) and fiduciary liability insurance, though they may sound similar and are both used in ERISA-covered retirement plans, are actually very different from one another..... Read More |
What is the difference between the ADP Test and the Top Heavy Test?
It is well-known that Qualified Retirement Plans are subject to various Non-discrimination tests but the two tests that are the most common are also the most commonly confused..... Read More |
Gary Zurek, President
I was born and raised in Minneapolis, MN. My wife Jeanne and I have been married 42 years; we have ... Read More |
Thomsen & Nybeck is a Minnesota law firm of 17 attorneys that has been providing outstanding results and sound advice to clients for 40 years. The firm remains committed to ..... Read More |
Ben owns 95% of the ABC Learning Center and Jill owns 5% earning $80,000. Ben's wife, Sally, works as the accountant and . Read More |