Description

Summit CPA Group has merged with Anders CPAs + Advisors! Visit our website to learn more about our 401(k) process and pricing: https://anderscpa.com/401k-audits/ 

“The Department of Labor and the IRS understand that errors happen, which is why they set up the voluntary correction fund.” - Kim Moore 

The finer details in this episode:

• Employee compensation factors that you need to track for the 401k plan
• Why documentation of payroll changes are so important
• What to do when you didn’t withhold when you were supposed to withhold
• How to handle late contributions
• Aligning your payroll schedule with your contributions
• Maximizing your contributions for highly compensated employees

Episode resources

• Watch episodes of The 401(k) Audit CPA Success Show on YouTube.
• Learn more about the Anders 401(k) process and pricing.
• Email our Director + 401(k) Audit, Kim Moore, with questions.