Retirement Plan Restatement

About every 6 years, the Internal Revenue Service (IRS) mandates certain qualified retirement plans be completely amended and restated to comply with law changes to maintain their tax qualified status. That time has come again. The restatement cycle has started, and plan sponsors of defined contribution plans (401(k), profit sharing, and money purchase pension plans) […]

about us

ABOUT US Monarch Plan Advisors is an independent firm that specializes in company sponsored 401(k) and 403(b) non-profit retirement plans. We provide our clients with ongoing education, ideas, and guidance on how to best structure their retirement plan. Our goal is to help protect our clients as a fiduciary while navigating their participants to a […]

in the news

IN THE NEWS The team at Monarch Plan Advisors comes from a variety of specialized fields within the 401(k) and 403(b) industry. With such a diverse group, our team has been recognized and or quoted in various industry publications and awards.     For award disclosure, please click here.

IRS Revises EPCRS Program Making Certain Errors Easy and Less Costly to Correct

On April 19, 2019, the IRS released Revenue Procedure 2019-19 expanding the self-correction program and making it more liberal and cost-effective for plan sponsors to correct mistakes. This new EPCRS guidance supersedes Revenue Procedure 2018-52. The IRS Employee Plans Compliance Resolution System (EPCRS) allows businesses or organizations that sponsor a retirement plan to find and […]

Fee Only Investment Advisor

Fee-Only Investment Advisor Our firm is proud to be a Registered Investment Advisor (RIA) and believe it lets our clients know we strive for the highest standards of professionalism. The distinction between Monarch Plan Advisors as a Registered Investment Advisor (RIA) vs. a firm that charges commissions is: As a RIA, we are co-investment fiduciaries […]

401(k) and 403(b) Plan Compensation: Common Errors with Examples

A frequent challenge encountered with many 401(k) and 403(b) plans is the treatment of compensation for purposes of employee and employer contributions. In fact, one the most common errors found during Department of Labor (DOL) and Internal Revenue Service (IRS) audits in retirement plans is—yes, you guessed it right—compensation error. Plan compensation has plethora of […]

Upcoming 403(b) Plan Document Restatement Deadline

Friendly Reminder: Upcoming 403(b) Plan Document Restatement Deadline January 2019 With a couple of caveats, 403(b) nonprofit plan sponsors must establish and maintain their plans in accordance with written documents that satisfy the requirements of Treasury Regulation Section (Treas. Reg.-) 1.403(b)-3(b)(3). These documents must also be up-to-date on all current law changes. As such, it […]