Changes to 401(k) Contribution Limits for 2020

Every year, the IRS takes a fresh look at contribution limits and makes changes as necessary. Below are some of the more significant changes for 2020: Contribution limits for employees who participate in 401(k) plans, 403(b) plans, most 457 plans and the federal...

Time to Think About 401(k) Audits

By Sara Johnson, CPA, Audit Manager    Vrakas is proud to audit over 110 employee benefit plans each year.  Our team’s emphasis is to ensure your plan is being served by qualified professionals who not only can provide the compliance audit services that you...

Don’t Panic If You Receive A Benefit Audit Notice

Receiving a notice that the IRS is auditing an employee benefit plan is news that no employer wants to receive. If your company does get such a notice, knowing what to expect and preparing for the audit itself are the best ways to help the process go as smoothly as...
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