Employee Benefit Plans Articles
What Plan Sponsors Need to Know About DOL Enforcement and Red Flags
Posted by Thomas Burns on August 27, 2019
Plan sponsors are ultimately responsible for plan administration and operation and should know what to expect if they are selected for a Department of Labor audit.
Close-up on Professional Standards for CPAs
Posted by on June 17, 2019
CPAs rank among the most trusted professionals. And that trust is well warranted because of the extensive guidance that accountants and auditors must follow.
Predicting Future Performance
Posted by Sherry DelleBovi on June 14, 2019
CPAs don’t have a crystal ball, but they can estimate your company’s future performance.
New Law Eases SBA Financing Rules for ESOPS
Posted by Michael Grimaldi on April 11, 2019
Small business owners looking to convert their organization to an employee-owned company may have an easier path thanks to a new law signed by President Donald Trump last year.
Remittance Schedules: How to Know and Meet Your Deadlines
Posted by Thomas Burns on February 13, 2019
Part of offering a defined contribution plan, whether a 401(k) or a 403(b) plan, is making sure that the money participants contribute from their paycheck is deposited in their retirement account in a timely manner. While this might seem like a relatively minor and simple task in the scope of a plan sponsor’s fiduciary duties, the Department of Labor (DOL) views non-compliance with remittance rules as a major issue, and missing deadlines for deposits—even by a couple of days—can carry significant penalties.
Plan Sponsors: Trends to Watch in 2019
Posted by Thomas Burns on January 22, 2019
Last year brought many challenges to the employee benefits world: wide-ranging tax reform; European controls on electronic data protection; a divided United States Congress; market fluctuations; and persistently low unemployment, among others.