Blog Posts in November, 2012

  • Retirement Plan Loans Become High Audit Risk

    || 10-Nov-2012

    Participants are allowed to borrow from their account balance in some profit sharing and 401(k) plans, if the governing plan document allows. It is optional with the employer. We have discouraged our employer-clients from including loan provisions in their plan documents because loans have often burdensome administration requirements. There are strict limits. When a participant misses a payment ...
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Northbrook Estate Planning Lawyers
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