Fiduciary Overview for Church Retirement Plans

What steps should you take when the IRS contacts your organization? When the IRS notifies an employer that they are the subject of a retirement plan audit, there are five steps the employer should take immediately.

As with any unknown that lies ahead, it is always best to prepare for an audit prior to its arrival. Although the audit selection process is sometimes random, the IRS also analyzes organization and employee data that may indicate a retirement plan sponsor is out of compliance.

When it comes to saving money, feel like you can't make headway? Reality check: You can. It’s about taking small, manageable steps. Retirement may seem decades away. But to be ready for tomorrow, you have to begin saving today. Check out the useful tips below for a strong start to your savings journey.