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BPM | Employee Benefit Plan Update
BPM’s Pension Group helps both private and public companies check their Employee Benefit Plans (EBP) offerings for compliance with the Department of Labor, ERISA, and IRS rules and regulations. The Firm’s advisors conduct EBP audits throughout the Unites State ranging from 401(k)s including profit sharing and 403(b)s to Defined Benefit Plans (DB) including cash balance and Employee Stock Ownership Plans (ESOP). Let our team make a difference for you. Contact us today or visit us at www.bpmcpa.com/Pension.

For a free expert consultation contact:

Jenise Gaskin
Partner, Assurance
(925) 296-1016

Mike Spence
Partner, Assurance
(408) 961-6303

Services Provided

Profit Sharing
401(k), 403(b)
Defined Benefit Plans
Health & Welfare Plans
Money Purchase

Consulting & Advisory:
Advisory & Fee Analysis
Plan Structure Review
Assistance in Preparing for Audit
Assistance with Self Correction Programs

Small Employers on Notice
Fiduciary Focus Important for Any Size Employer

One recent lawsuit alleging fiduciary duty violations caught the attention of many in the employee benefits business not because of the nature of the charges, but instead because it involved a small employer. A string of large employers have faced similar charges and ultimately compensated participants. Read more.

IRS Places High Priority on Retirement Plan Internal Controls

When IRS examiners check under the hood of many retirement plans, they often find a lack of sufficient internal controls. The consequences can be severe — even if an IRS audit doesn’t turn up any other problems. The worst-case scenario? Theft of plan assets that is financially damaging to participants and your company, and can also lead to plan disqualification. Read more.

New Employee Exempt Status Threshold Rules Affect Retirement Plans
Fair Labor Standards Act Update

Changes to the Fair Labor Standards Act (FLSA) that take effect December 1 could have implications for retirement plans. The changes affect what forms of compensation businesses use to calculate employer contributions to their qualified retirement plans and determine highly compensated employee (HCE) status. Read more.

Hybrid Pension Plan Interest Credit Rule Amendment Deadline Nears

The deadline for hybrid pension sponsors to adopt plan amendments bringing them into compliance with key provisions of final IRS hybrid plan regulations is fast approaching: January 1, 2017 (2019 for collectively bargained plans). Read more.


Upcoming compliance deadlines:

  • 10/17* - Extended deadline for filing 2015 Form 5500
  • 10/17* - Deadline for funding employer profit sharing contributions and employer matching contributions
  • 10/17* - Extended deadline for filing 2015 Form 8955-SSA
  • 10/17* - Extended deadline for filing 2015 individual tax returns
  • 10/17* - PBGC Comprehensive Premium filing and payment deadline
  • 11/1 - 2016 SIMPLE notice due to current participants
*These dates reflect an extension of the normal deadline, which falls over the weekend this year.
Burr Pilger Mayer, 600 California St., Suite 600, San Francisco, CA 94108
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