It might not surprise you to hear that the IRS has some fairly complicated rules governing compensation levels and retirement plan contributions. In fact, the IRS reports that a good number of plan sponsors get this key issue wrong - a mistake that can cost both time and money.
This month’s newsletter takes a look at current IRS rules to help clear some of the confusion. Find out how bonuses, reimbursements and overtime affect reported compensation. Learn about pre-participation and post-severance compensation. And because a single newsletter can’t cover a topic as complex as this one, we invite you to give us a call. Let us help you navigate the complexities and stay compliant.