News & Information

What Happens When You Deposit Employee Deferrals Late?

What Happens When You Deposit Employee Deferrals Late? By Marcie Carroll In our research, late deposit of contributions is a frequent error made by plan sponsors and is a key priority of the Department of Labor (DOL). In every plan audit conducted by the DOL, the investigator looks to see if contributions have been deposited in a timely manner. A…read more →

Financial Wellness Weekly

Financial Wellness Weekly Financial Wellness Weekly by Marcie Carroll – Carroll Consultants, Ltd. By Marcie Carroll Read paper Monday, Mar. 26, 2018 One Clear Sign You Have a Rotten 401(k)—And What to Do About It www­.daveramsey­.com – Shared by Culpepper CPA If your 401(k) is a big deal in your retirement savings strategy, you’re not alone. According to the Investment…read more →

A challenge to the DOL’s proposed regulatory changes related to retirement plans

A challenge to the DOL’s proposed regulatory changes related to retirement plans Last week, the fifth circuit court of appeals produced a significant challenge to the Department of Labor’s proposed regulatory changes related to retirement plans. The proposed changes centered on qualified retirement plans and holding those that advise on those plans to universal fiduciary standards across all account types…read more →

Changes to Hardship Withdrawal Rules in Retirement Plans

Retirement plans may allow an employee to withdraw money from their plan for financial hardships. The Bipartisan Budget Act of 2018 which was signed into law on February 9, 2018 changes some of the rules regarding Hardship Withdrawals for plan years beginning after December 31, 2018. While each person may have their own definition of what a financial hardship is…read more →

HSAs: A Tax Trifecta Investment Opportunity

HSAs: A Tax Trifecta Investment Opportunity By Marcie Carroll HSAs: A Tax Trifecta Investment Opportunity When it comes to fiscally frugal health insurance options, health savings accounts (HSAs) aren’t exactly new to the game. They’ve been around since 2003 and have only increased in popularity among employers, politicians and certain types of employees. In recent years, however, the growth in…read more →

Carroll Consultants, Ltd. Presenting at NBOA

Carroll Consultants Presenting at the 2018 NBOA Annual Meeting March 7, 2018 10:30 am – 11:45 am Thomas Giedgowd, CPA MS from Carroll Consultants, Ltd. will be presenting at a Goldmine Session at the 2018 NBOA Annual Meeting being held at the Gaylord Opryland Resort and Convention Center, 2800 Opryland Dr, Nashville, Tennessee on the subject: Retirement Plan Fee Leveling: “Pie in the…read more →

IRS Retirement Plan Announcements for the Recent Hurricanes and California Wildfires

IRS Retirement Plan Announcements for the Recent Hurricanes and California Wildfires By Marcie Carroll Many individuals have recently been significantly impacted by both the hurricanes and California wildfires and the Internal Revenue Service (IRS) provided relief for qualified individuals in retirement plans through several announcements. In addition, President Trump signed the Disaster Tax Relief and Airport and Airway Extension Act…read more →

Weather or Not, Stay Invested

Weather or Not, Stay Invested By Marcie Carroll 2017 was one of the strongest years on record for hurricanes in the Atlantic region of the United States and among the costliest of seasons on record, with preliminary estimates totaling over $200 billion. This is the second largest season in damages since 1900, with 2005 having a slightly higher total (Hurricane…read more →

Retirement Plan Fees

Retirement Plan Fees By Marcie Carroll Subsequent to the 2012 implementation of ERISA fee reporting regulations (ERISA 408(b)(2) & 404(a)(5)), the Department of Labor (DOL) began to consider the appropriateness of the allocation of plan fees among participants. This is a subject that generally had not been on the radar screen of many plan fiduciaries, but once identified, tends to…read more →