Category Archives: 401K Plans

Do you or your company need help with your 401K plans? Mike Mangold of LSL CPAs is has been giving expert counsel on 401 plans for over 25 years. Attest and Audit services for privately held businesses and overseas audits of 401 K Benefit Plans. He is also a peer reviewer for the AICPA Peer Review Program offered by the California Society of Certified Public Accountants. His clients range from manufacturers, automotive dealerships, service firms, wholesalers and distributors. Mike Mangold works in our Brea, CA office and can be reached at (714) 672-0022 or through his profile page. If you need help with your 401K plans give Mike a call.

New 401k Plan Audit Rules for 2024

The DOL Department of Labor has made some noteworthy changes to the financial statement audit requirement...

04
Apr

You’re Now Eligible for a 401(k) Audit: Five Documents You Need

Don’t wait until the last minute! Accountants really do like to make people’s lives easier....

13
Feb

Employer-Provided Retirement Plan: New Law Updates Effective Immediately

President Biden signed the 2023 Consolidated Appropriations Act (CAA) on January 3, 2023. Our goal below...

16
Jan

Time Sensitive Opportunities Regarding IRAs

We hope you are feeling the freshness of Springtime that is upon us! There are...

21
Mar

Financial Tips: Alternatives to CalSavers

Alternatives to CalSavers (Because You Don’t HAVE to Use It)

The DEADLINE for companies with 5 or more employees is June 30, 2022. Introduction You...

18
Jan

Retirement Plan Contribution Limits for 2022: 401(k) Limit Increases to $20,500

About this time every year, the IRS publishes the Retirement Plan Contribution Limits for 2022...

23
Nov

Benefits of Monitoring 401(k) Plan Each Quarter

Large and Small Plans and a Handy Checklist! Administering a retirement plan carries a fiduciary...

10
Sep

The July 2022 Season for 401(k) Plan Amendments Opens Soon

Running a retirement plan requires following all the IRS requirements to the T. Each year,...

17
Aug

CalSavers Requirements 2021 REMINDER for Mandatory 401K Plans

The Deadline for Businesses with > 50 Employees Is JUNE 30, 2021 CalSavers Requirements 2021...

11
May

COVID Workforce Reductions and Your Company’s 401(k) Plan

Don’t get caught with a partial termination issue when you have your 401(k) plan audited...

17
Mar

Does Your 401(k) Plan Need an Audit? A Closer Look at the 80-120 Rule

Generally speaking, 401(k) plans with fewer than 100 participants at the beginning of the plan...

19
Aug

The High Cost of 401(k) Plan Errors

Is YOUR Auditor Finding Them Before the DOL? The DOL (Department of Labor) works to...

14
Jul

COVID-19: 401(k) Plan Employer Action List

COVID-19: 401(k) Plan Employer Action List The Families First Coronavirus Response Act “FFCRA” and Coronavirus...

15
Jun

How to Select the Right 401(k) Plan Auditor for Your Company … and why you need one

What is the purpose of a 401(k) plan? A 401(k) plan is designed to guard...

20
Feb

Prevent Fraud in Your Defined Contribution Plan

September 12, 2018

The AICPA Employee Benefit Plan Audit Quality Center published a document on actual fraud cases...