April 2017 Mistake: Employer matching contributions weren’t made to all appropriate employees. Fix the Mistake: Apply a reasonable correction method that would put affected participants in the same position they would’ve been in if there were no operational defects. Monthly BBQ Recipe Monthly Beverage Recipe Boulevardier Ingredients 1 ounce (30ml) bourbon or rye whiskey 1 ounce (30ml) Campari 1 ounce (30ml) sweet vermouth Garnish: orange twist or cherry Directions Pour ingredients into a mixing glass and fill with cracked ice. Stir well for 20 seconds and strain into a chilled cocktail glass. Garnish with a [...]
March 2017 Mistake: You didn’t use the plan definition of compensation correctly for all deferrals and allocations. Fix the Mistake: Corrective contribution or distribution. Monthly BBQ Recipe Monthly Beverage Recipe Brooklyn Ingredients 2 ounces (60ml) rye or other whiskey 1 ounce (30ml) dry vermouth 1/4 ounce maraschino liqueur 1/4 ounce Amer Picon, or a few dashes or angostura or orange bitters Directions Combine ingredients with ice and stir until well-chilled. Strain into a chilled cocktail glass.
February 2017 Mistake: You didn’t base the plan operations on the terms of the plan document. Failure to follow plan terms is a very common mistake. Fix the Mistake: Apply reasonable correction method that would place affected participants in the position they would’ve been in if there were no operational plan defects. Monthly BBQ Recipe Monthly Beverage Recipe Manhattan Ingredients 1 teaspoon (5g) superfine sugar (or 1 sugar cube) 2-3 dashes bitters (Angostura is traditional and works well, Fee Brothers’ Whiskey Barrel-Aged Old Fashioned Bitters are better) 2 ounces (60ml) bourbon or [...]
January 2017 Mistake: You haven’t updated your plan document within the past few years to reflect the recent law changes. Fix the Mistake: Adopt amendments for missed law changes. If you missed the deadline to adopt an amendment you may need to use the IRS correction program. Monthly BBQ Recipe Monthly Beverage Recipe Martinez Ingredients 1 1/2 ounce Old Tom gin 1 1/2 ounce sweet vermouth (I like Carpano Antica in this) 1 teaspoon maraschino liqueur 2 dashes orange bitters Lemon twist, for garnish Directions Fill a mixing glass with ice. Add gin, [...]