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401(k) Plan Archives - Delap CPA

10 Oct

Did You Really Mean for Your Ex-Spouse to Inherit Your IRA? (And Other Common Mistakes in Beneficiary Designations)

October 10, 2017 | By | No Comments

When someone dies, and their heirs begin the process of settling the estate, it is not uncommon to be surprised upon learning who is the beneficiary of the IRA or 401(k).   We have seen cases where the ex-spouse or sibling is the beneficiary rather than the spouse.  This happens when the decedent fails to keep […]

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20 Oct

Learning From A Music Legend’s Not So Legendary Estate Planning

October 20, 2016 | By | No Comments

From his first No. 1 Billboard hit “Let’s Go Crazy” to the creation of popular 80’s movie “Purple Rain”, very few will doubt the music legacy Prince left when he passed earlier this year. However, family members of late music Phenom may be more concerned that he left his estate in a different direction—chaos. What […]

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08 Oct

Retirement Checkup: 10 Tips for a Healthy Retirement

October 8, 2015 | By | No Comments

The Merriam-Webster Dictionary defines retirement as, “withdrawal from one’s position or occupation or from active working life.” For most Americans, however, the definition of retirement is not that straightforward. In fact, a lot has changed since 1875, which was the year the American Express Company established the first private pension plan in the U.S.[1]. Mostnotably, […]

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14 Nov

Millennials Planning for Retirement

November 14, 2014 | By | No Comments

During the first half of 2014 millennials (born early 1980s to early 2000s) were the largest group to sign up for their employer 401k plan. This could be due to a variety of factors, but regardless – it is clear that now is a strategic time for companies to revisit their defined contribution plans. Due […]

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04 Jun

Top 3 Employee Benefit Plan Operational Violations

June 4, 2014 | By | No Comments

Have you ever wondered what the auditors typically find in terms of plan violations? Our team at Delap has put our heads together and from our collective knowledge has identified what we consider to be the top 3 operational violations found during an employee benefit plan audit. 1.  Untimely remittance of participant contributions The Department […]

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