Selecting a Benefit Plan Auditor: Three Factors to Consider
One of the most important decisions a plan administrator makes as part of their fiduciary duties is selecting a qualified, independent audit firm. Here are three factors to consider when choosing a benefit plan auditor.
Now is the time to make sure your company’s retirement plan is in order and can sustain a rigorous Department of Labor or Internal Revenue Service review.
Limited scope audits are elected on more than 80% of employee benefit plans. As a plan administrator, what does electing a limited scope audit mean to you?
Employee benefit plan sponsors have a fiduciary duty to ensure participant information and plan assets are protected from cyber threats and that there is a plan to respond to a data breach and mitigate any associated damages.
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