News

News

Is it Time for a 401(k) Tune Up?

Tuesday, September 18, 2018
We sometimes encourage retirment plan participants to take the "set it and forget about it" approach to their 401(k) account. It is designed to be used for retirement, after all. However, this approach may not be as beneficial to the plan sponsor. As with any prudent business owner, starying up to date on the newest trends and developments helps in operating a successful business. Attracting and retaining employees by offering a retirement plan is one way that the business owner can remain competitive. Read more...

Heard, McElroy & Vestal, LLC Joins Forces with Aliign, LLC to form Aliign Mineral Management, LLC

Friday, January 26, 2018
Heard, McElroy & Vestal, LLC, a top provider of business consulting, tax planning and preparation, audit and assurance, business valuation, and retirement plan services, is proud to announce that the firm has joined forces with Aliign, LLC to form a new subsidiary called Aliign Mineral Management, LLC, an oil & gas consulting firm that offers accounting and management expertise to royalty owners, working interest owners and operators. The merger, effective December 1, 2017, expands and enhances Heard, McElroy & Vestal's ability to provide top level services to businesses and individuals with oil and gas holdings. Read more...

You’re Safe with Mid-Year Amendments to Safe Harbor Plans

Friday, June 10, 2016

Safe Harbor 401(k) plans are similar to traditional 401(k) plans without being subject to the complex annual nondiscrimination tests that apply to traditional plans.  Safe Harbor plans provide for employer contributions that are fully vested when made.  These contributions may be employer matching contributions limited to employees who defer, or employer non-elective contributions made on behalf of all eligible employees regardless of whether they make elective deferrals.  Read more...

Pension Protection Act Restatement Process

Wednesday, July 15, 2015

All qualified retirement plans are required by the Internal Revenue Service (IRS) to be amended for the most recent tax law changes in order to maintain their favorable tax law status.  This article will discuss the restatement process and deadlines for different types of plan documents.  Read more...

Retirement Plan Documents: The PPA Restatement Process

Monday, January 19, 2015

All qualified retirement plans are required by the Internal Revenue Service (IRS) to be amended for the most recent tax law changes in order to maintain their favorable tax law status.  This article will discuss the restatement process for different types of plan documents and the deadlines for each type of plan documents.  Read more...