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.
Don’t let IRS uncover compliance errors and disqualify your employee retirement plan. Here are some tips to avoid retirement plan disqualification.
Final rule strengthens consumer protections for workers requesting disability benefits from ERISA employee benefit plans.
This article covers the biggest advantages of non-qualified deferred compensation plans compared with qualified plans.
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.
This article shares a list of questions on common errors found in 401(k) retirement plan operations. Is your employee retirement plan compliant?
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.
One important requirement that leaders of growing companies need to stay on top of is that they must have their 401(k) plans audited if they have more than 100 participants.
Sponsoring a 401(k) plan is a personal responsibility that company leaders assume as fiduciaries of the plan. A key fiduciary duty is having an audit conducted by a qualified independent accountant once the 401(k) plan reaches 120 participants.
Plan sponsors should consider the effect of these new mortality tables on the actuarial information to be used in their 2014 plan financial statements.