Employer Retirement Plans

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Description

Employer Retirement Plans
IRS Program #: X9QQU-T-01039-23-O
CTEC #: 6257-CE-0208
CE: 1 IRS/1 CTEC
Speaker: Michael Miranda, CPA, QKA, AEP

Many employees have the benefit of a retirement program provided by their employer. Employers have choices about which of several potential retirement programs to offer. This session is intended to ensure that attendees are familiar with the major programs that are available for employers to implement and how they compare. The target learner for this session is a preparer who advises business clients and wants to be more familiar with common retirement plan options.

Learning Objectives:

Discuss the various reasons that employers choose to establish retirement plans.
Compare the allowed contribution limits for the owner’s account in each plan and general employee demographics.
Compare the various levels of cost to the employer for each type.

Recall which plans and/or options have costs per participant only if the employee contributes to the plan.
Explain the Safe Harbor provisions for employer-based plans and the benefit of using a Safe Harbor plan.

Contributors

Michael R. Miranda CPA, QKA, NQPC, AEP

Bringing 48 years of experience in tax consulting, estate planning, and employee benefits to his work as an independent consultant, Michael is the owner of MIRANDA CPA & Consulting LLC in Sioux Falls, SD. His tax practice focuses on corporate, individual, estate and gift, and tax accounting. He also provides employee benefit planning and consultation services for qualified, non-qualified, and health and welfare benefit plans. As part of his IRS representation practice, Michael has worked with the National Office to obtain private letter rulings for clients, in addition to numerous EPCRS submissions and audits. As a nationally recognized tax speaker, he maintains an active schedule presenting webinars and seminars on tax law, employee benefit planning, and estate planning.

Michael spent much of his career as a CPA with a regional CPA firm located in Northwestern Iowa, retiring after 27 years as a senior manager-shareholder with this firm. His career started as a Tax Specialist with a Big 8 accounting firm in their South Bend and Minneapolis offices, providing tax and estate planning for individuals and small to medium-sized businesses. He has earned professional designations including CPA, QKA, NQPC and AEP. Michael maintains professional memberships with the American Institute of Certified Public Accountants (AICPA), the American Society of Pension and Professional Actuaries (ASPPA), National Association of Enrolled Agents (NAEA), and the National Association of Estate Planning Councils (NAEPC).

Michael resides in Sioux Falls, SD with his wife Jeanette. Outside of his professional practice, Michael is a cellist with the Sioux City Symphony Orchestra. When he is not working, his time is spent with various activities, including traveling with his wife and playing golf.

Thank you

Description

Contributors

Michael R. Miranda CPA, QKA, NQPC, AEP