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Boomerang Employees: Rehires and Retirement Plans

Boomerang Employees: Rehires and Retirement Plans

A boomerang employee (as we will use that name in this article) is, quite simply, one who leaves and then comes back to work?a rehire. As is so often the case, the retirement plan rules related to rehires are quite different than those that apply to other areas of...
Down with DOMA

Down with DOMA

Signed into law in 1996, the federal Defense of Marriage Act (DOMA) is a small law that has caused big controversy. Introduction and Background DOMA is small in the sense that it consists of only three sentences, making it shorter to include the full text of the law...
How Do You Spell Relief? E-P-C-R-S

How Do You Spell Relief? E-P-C-R-S

Retirement plans are complicated beasts. The Pension Protection Act of 2006 was more than 1,000 pages long; one of the main reference books that retirement plan professionals use is more than 7,000 pages long; and there are countless other sets of rules and...
Cross-Testing: The Right Tool for Many Jobs

Cross-Testing: The Right Tool for Many Jobs

As the national economy continues its recovery, more and more businesses are beginning to see their financial situations improve to near pre-recession levels. Companies that have not thought about making profit sharing contributions for years are starting to consider...
Under Control or Out of Control

Under Control or Out of Control

In today’s business climate, it seems it is becoming increasingly common for businesses of all sizes to be structured using multiple companies. Maybe a business person is pursuing multiple ventures with different groups of co-owners. Perhaps a company decides...
When Good Loans Go Bad

When Good Loans Go Bad

The economic environment of the last few years created financial challenges for individuals and businesses alike. Even though the worst of the recession appears to be behind us now, some of those financial challenges have had a ripple effect that continues to show...