Profit Sharing Webster Planning Corporation Roseville, Northern California

-News Flash

7 Day Deposit Requirement for 401(k) Deferrals

1/26/2010 - The DOL announced the publication of a final rule to protect employee contributions deposited to small plans (under 100 participants). Effective 1/14/2010 the safe harbor period of 7 business days after withholding to deposit employee deferrals to the plan would be deemed to be in compliance. For Employers that have been using the 15 day rule, we would advise that you make the necessary changes immediately to fall within the 7 days period.

2010 Limits - NO CHANGES!

11/2/2006  -  New 2010 Limits have been released! They remain the same! See Policies for the most up-to-date information! Link to Policies

DOL issues USERRA Notice Final Regulations January 18, 2006

1/19/2006  -  The DOL has issued final regulations on the USERRA Notice. Did you know that Employers MUST provide notice?Link to the DOL to download the newest poster text in order to be in technical compliance with the final regulations.

Bond Coverage

11/17/2005  -  Did you know your plan must be covered by a Fidelity Bond in the amount of 10% of the plan assets? Contact us for more information!

Loan Interest

11/17/2005  -  Loan Interest Rate for March 2010 is 3.23%

Deduct OTC Medicines

9/27/2005  -  Did you know that Over the Counter (OTC) medicines can be deducted in your Flex plan? Link to Cafeteria


Profit Sharing Individual account plan Contributions are not fixed, but are discretionary up to a maximum deductible contribution of 25% of covered payroll, but not more than $49,000 in 2010 per individual. Contributions are not contingent upon the employer having current or accumulated profits. The plan must specify the formula to be used to allocate any contributions among the participants. Various allocation formulas can be used including age-weighted and cross-tested. Forfeitures can be used to reduce employer contributions or be reallocated to participants. Allocation formulas Age-Weighted Cross-Tested	-News Flash 7 Day Deposit Requirement for 401(k) Deferrals 1/26/2010 - The DOL announced the publication of a final rule to protect employee contributions deposited to small plans (under 100 participants). Effective 1/14/2010 the safe harbor period of 7 business days after withholding to deposit employee deferrals to the plan would be deemed to be in compliance. For Employers that have been using the 15 day rule, we would advise that you make the necessary changes immediately to fall within the 7 days period. 2010 Limits - NO CHANGES! 11/2/2006 - New 2010 Limits have been released! They remain the same! See Policies for the most up-to-date information! Link to Policies DOL issues USERRA Notice Final Regulations January 18, 2006 1/19/2006 - The DOL has issued final regulations on the USERRA Notice. Did you know that Employers MUST provide notice?Link to the DOL to download the newest poster text in order to be in technical compliance with the final regulations. Bond Coverage 11/17/2005 - Did you know your plan must be covered by a Fidelity Bond in the amount of 10% of the plan assets? Contact us for more information! Loan Interest 11/17/2005 - Loan Interest Rate for March 2010 is 3.23% Deduct OTC Medicines 9/27/2005 - Did you know that Over the Counter (OTC) medicines can be deducted in your Flex plan? Link to Cafeteria
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