Thomas Krieg, CPA
Partner
With over 20 years of experience, Tom Krieg is the leader of Wipfli LLP’s employee benefits practice for central Wisconsin, Madison, and northern Illinois. He provides services primarily in retirement plan administration and design, cafeteria plans, health savings accounts, and consulting related to the Affordable Care Act. Tom’s expertise in employee benefit matters and income taxation, coupled with his knowledge of practical business strategies, has contributed to the success of his clients. He prides himself on his ability to identify and solve problems using a proactive and commonsense approach.
Certifications
- Certified Public Accountant
Awards
- Graduate of the Wausau Region Chamber of Commerce Leadership Excellence g2
- UW-Madison Badger Spark Plug Award - Wisconsin Alumni Association
- Top 10 accounting graduate, class of 1994 - UW-Madison, Wisconsin School of Business
Professional Memberships and Activities
- American Institute of Certified Public Accountants (AICPA) - Member
- Wisconsin Institute of Certified Public Accountants (WICPA) - Member
- Allinial Global Employee Benefits Committee - Member
- St. Paul Catholic Church - Mosinee, Wisconsin - Finance council advisor
- Wisconsin Alumni Association - Lifetime member
- Wisconsin Alumni Association, Wausau Chapter - Former president and board member
- University of Wisconsin Marathon County Foundation - Former board member
Recent Insights
Articles
What is a safe harbor 401(k), and can your business benefit from one?
Mar 31, 2022
Stimulus act provides welcome relief for employee benefit plans
Jan 20, 2021
COVID-19 legislative updates on cafeteria plans, FSAs, HSAs, HRAs and HDHPs
Oct 01, 2020
Coronavirus impact on defined benefit and cash balance plan funding
Apr 01, 2020
What impact will the SECURE Act have on your business?
Feb 23, 2020
SECURE Act becomes law with significant impact on retirement savings
Dec 23, 2019
Maxed out on Your 401(k)? Learn About the Beauty of the Mega-Roth Strategy
Jun 17, 2019
Are You Ready for the New Retirement Plan Hardship Rules?
Dec 26, 2018
An Update on IRS Employer Shared Responsibility IRS Notices
Sep 23, 2018
Health Savings Accounts - Employee Benefit Cost Savings
May 08, 2018
Blogs
What is a cash balance plan, and how does it benefit physicians?
Dec 16, 2021
Extension of Due Date for Furnishing Statements to Participants of Forms 1095 and Related Relief
Nov 28, 2016
Form 1095-C Error Message: Missing or wrong SSN/TINs
Oct 11, 2016
Areas of Focus
- Retirement plan selection and design
- 401(k) and 403(b) plan administration and compliance
- Delinquent Filer Voluntary Compliance Program (DFVCP) - Form 5500
- Employee Plans Compliance Resolution System (EPCRS), including the Voluntary Correction Program (VCP)
- Form 5500 preparation for welfare and retirement plans
- Health savings accounts (HSA)
- Cafeteria (Section 125) plans and nondiscrimination testing
- Affordable Care Act compliance and consulting
Education
UW-Madison, Wisconsin School of Business- Bachelor of business administration degree in accounting - Graduated summa cum laude
- Attended several professional conferences and workshops - Received hundreds of hours of specialized training in various employee benefit topics