The stakes are high for financial organizations that do not apply federal and state withholding on distributions that are subject to the withholding requirements. If your financial organization doesn’t withhold, it could be required to pay the amount that was supposed to be withheld and face IRS and state penalties. While federal withholding requirements can be daunting, state withholding laws can be cumbersome and difficult to administer.
Read MoreBeneficiary issues can be challenging, even if you’re a seasoned IRA administrator. They can be further complicated by state law and other relationship entanglements.
Read MoreThis is a busy time for financial organizations, especially for those that manage IRAs. Learn how we can help make your IRA program more efficient.
Read MoreIf your organization is like many in the industry, you’ve held off on team training and other onsite visits in recent years. You may have added new team members, but they haven’t been able to experience the face-to-face IRA training that they need.
Maybe it’s time for a refresh for everyone, including your IRA program.
Read MoreQuality consumer education is one of the most effective marketing tools that you can deploy as part of your business strategy.
Read MoreAlthough the 2021 tax season is behind us, your work for this tax year may not be done. Inevitably, you will end up with an IRA client walking into your branch carrying his 2021 Form 5498, IRA Contribution Information, to point out an error. So, what do you do?
Read MoreManaging retirement plan administration pre-COVID was already a challenge. Now with Cycle 3 restatement added to the mix, it’s even more so. Fortunately, Ascensus has the tools you need to streamline the Cycle 3 restatement process in today’s remote work environment.
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