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Spring 2014, Volume 7 / Issue 1    
 
Notes from the President - Gary Zurek, President
 
 

For those of you who may have missed it, Wednesday, April 2 was National Employee Benefit Day. It came and went without a lot of fanfare. While none of us are surprised that it is somewhat obscure, it should be noted that retirement plan assets totaled $23.0 Trillion in.....Read More 

 

    
Form 5500, Employer Contribution Deposit, ADP/ACP Excess, 402(g) Limit Corrections....Read More
FAQ's - Becky Fisher 
 
Who do I need to report on the annual census worksheet?
  
Accurate and complete annual retirement plan census reporting is the key to accurate and complete annual retirement plan testing. Omission of just one employee can ...Read More 
TSC Spotlight - Jennifer Arntson
 
TSC 401(k) Health Check
 

As 2013 is being wrapped up, many of you are receiving the TSC 401(k) Health Check. 

We at TSC believe that the most important aspect of any retirement plan is to

put the participant's

...Read More
  

Safe Harbor Contributions: Changes to Mid-Year Suspension Rules

 

The IRS released new regulations in November of last year that changed the rules for suspending safe harbor contributions....Read More
 
What Does This Mean? - Andrea Gelhar
 

What is a Cash Balance Plan?

 

A cash balance plan permits high-income business owners and partners to achieve higher retirement savings with larger tax deductions. Contribution restrictions in 401(k) and profit sharing plans may limit the ...Read More
     
Jason Krech & Holly Fox
  
Introducing 2 new employees at TSC....Read More

 

Of Interest - Cynthia MillsOf Interest
 
PPA Restatement Update
   
Internal Revenue Service Regulations and procedures require that all Qualified Defined Contribution Plans that are on a preapproved document be completely restated during the period from 2014 through 2016.  We are now approaching......Read More 
Brain Teaser
 
Daffy Duck was hired by Acme Corporation on February 1st, 2013 and worked part-time until he resigned on June 15th, 2013.  During that time, he did not meet the plan's eligibility requirements.  Is he required to be reported on the annual census worksheet for the 2013 plan year? 
 

 Click here to submit your answer.

   
For nearly 30 years, McNally Smith College of Music has helped students make and sustain a life in the music and audio industries. The College offers a unique curriculum designed to prepare students through a combined emphasis on artistry, technology and entrepreneurship. Accredited by the National Association of Schools of Music, McNally Smith offers.....Read More 
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TSC Translator Contributing Staff Members
Jennifer Arntson
Client Relationship Manager
Karen Thompson
Retirement Plan Administrator Manager
Becky Fisher
Retirement Plan Administrator
Cynthia Mills
Plan Document Specialist
Legal Assistant
Andrea Gelhar
Plan Document and Compliance Specialist
Juhl Stoesz
Associate Counsel
Dennis Culhane
Retirement Plan Administrator
 
Holly Fox
Retirement Plan Technician
 
Dean Schwientek
Network Systems Admin

Articles included in the TSC Translator are intended to provide general information about retirement plan developments and issues. The information provided should not be construed as legal or tax advice or opinion. Readers need to discuss specific factual situations confronting them with their retirement plan service providers and/or legal and tax advisors.

This email was sent by: TSC, Inc. 7300 Metro Blvd. Suite 450 Edina, MN 55439 
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