Get to Know SDK: Your Trusted Partner in Accounting and Advisory Services
At SDK, we are more than just accountants—we are partners in the growth and success of our clients. With over three decades of experience, SDK [...]
Retirement Plan Updates Beginning in 2024
In previous articles we have discussed a few of the many provisions that were contained in SECURE 2.0. This article is to prepare plan sponsors [...]
Learn About Form 5500 Changes in 2023
In February 2023, the IRS, Department of Labor, and Pension Benefit Guaranty Corporation released changes to the 2023 Forms 5500 and 5500-SF for plan years [...]
SECURE Act 2.0 | A Review, Part 4
Self-Correction Program Changes SECURE 2.0 contained provisions that expanded the Employee Plans Compliance Resolution System (EPCRS) which is used by plan sponsors to correct errors [...]
SECURE Act 2.0 | A Review, Part 3
Additional Exemptions from Early Distribution Penalty Tax Typically, participants aren’t allowed to take distributions of retirement funds prior to age 59 ½ without paying a [...]
SECURE Act 2.0 | A Review, Part 2
Secure 2.0 made numerous significant changes to all retirement plans including SEP and SIMPLE plans. Below is a summary of the changes specific to SEP [...]
SECURE Act 2.0 | A Review, Part 1
With the news that the SECURE Act 2.0 has now been passed as a part of the omnibus spending package we wanted to highlight some [...]
