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ESOPs Offer Business Owners Tax-Efficient Exit Strategy

An employee stock ownership plan (ESOP) can help owners of closely held corporations who are approaching retirement age balance conflicting goals. This article talks about potential tax and other benefits of ESOPs.

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Avoid Tax Problems Triggered by Retirement Plan Disqualification

Don’t let IRS uncover compliance errors and disqualify your employee retirement plan. Here are some tips to avoid retirement plan disqualification.

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A Proposed New Look for ERISA Employee Benefit Plan Audit Reports – Part 2

Final rule strengthens consumer protections for workers requesting disability benefits from ERISA employee benefit plans.

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A Proposed New Look for ERISA Employee Benefit Plan Audit Reports – Part 1

The Auditing Standards Board, which is an AICPA committee tasked with creating new auditing standards, has proposed a new Statement on Auditing Standards, AU-C Section 703, Forming An Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA.

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Correcting Retirement Plan Errors

The Department of Labor (DOL) and Internal Revenue Service (IRS) have established programs intended to encourage sponsors to voluntarily correct plan failures before facing an audit.

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Make sure your 401(k) retirement plan is compliant

This article shares a list of questions on common errors found in 401(k) retirement plan operations. Is your employee retirement plan compliant?

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403b Plan Sponsors – Would you be ready for a class action lawsuit?

How much do you know about your fiduciary responsibility related to your plan? ERISA includes five responsibilities that fiduciaries have to plan.

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Audit Risk – Do you know who is performing your plan’s audit?

In November 2015, many plan sponsors received an email from the Department of Labor (DOL) about selecting and monitoring a plan auditor.

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What New Mortality Tables Mean to Your Defined Benefit Plan

Plan sponsors should consider the effect of these new mortality tables on the actuarial information to be used in their 2014 plan financial statements.