This is a heads up for all business owners……
Retirement planning officials take note: The Obama administration is ramping up enforcement efforts to combat the large number of retirement plans that it says are not compliant with retirement planning rules and regulations.
The Department of Labor has stated that 77% of 401(k) plans are noncompliant “in some form,” said John Carl, president of the Retirement Learning Center, which is sponsored by Columbia Management, the investment manager owned by Ameriprise Financial, at the SPARK Institute’s national conference in Washington on Tuesday
Read full article……via Retirement Planners Beware: DOL, IRS Beefing Up Enforcement | Advisor One.
