Staying Compliant with Retirement Plan Administration
If you administer a qualified retirement plan (e.g., 401(k), 403(b), SEP, SIMPLE IRA, etc.) under the Internal Revenue Services’ (IRS’) guidelines you must adhere to rather stringent compliance requirements. Non-compliance with the IRS’ guidelines, can result in penalties and fines from audit findings or can ultimately result in the loss of your plan’s tax deferred status. Using the right set of tools and reports with Sage HRMS can help prevent your organization from falling out of compliance.
