IRS Audit Tips

ARE YOU PREPARED FOR AN IRS AUDIT? The Internal Revenue Service’s (IRS’s) Employee Benefit Audit Program is used to audit and enforce. The IRS’s emphasis, with respect to defined contribution plans is on compliance with the requirements of the Internal Revenue Code (the Code), the plan’s tax qualification and administration of all plan documents. In […]

Collective Investment Trusts

CITs – The Fastest Growing Investment Vehicle Within 401(k) PlansFor almost a century, collective investment trusts (CITs) have played an important role in the markets. They were originally introduced in 1927. For the vast majority of their existence, CITs were available only in defined benefit (DB) plans. In 1936 CIT use expanded in DB plans […]