by Paul Fennell | Aug 25, 2022 | News
The first time your 401(k) plan is audited can be difficult, confusing, and time-consuming. However, this quick guide should relieve some of the stress. You may feel like the 401(k) audit is being forced on you, and you’d be right. The Department of Labor (DOL)...
by Paul Fennell | Aug 25, 2022 | News
The American Institute of Certified Public Accountants has introduced new rules governing audits of ERISA plans. The rules were originally published in July 2019 in a document titled “Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans...
by Paul Fennell | Aug 22, 2022 | News
The coronavirus pandemic may have changed the course of history, but it hasn’t stopped the federal government from enforcing certain requirements designed to protect employee interests. We understand that HR departments already have a ton of their plate managing...
by Paul Fennell | Aug 22, 2022 | News
The 401(k) audit is required by law for any business that has over 100 eligible employees. The federal government did not postpone the filing deadline as part of its COVID relief efforts, and so, this is one requirement that you cannot skirt. Reducing expenses has...
by Paul Fennell | Aug 22, 2022 | News
An annual 401(k) audit is an essential task for large and mid-sized businesses. Not every company is obligated to conduct an annual audit, but the United States government has set strict rules about which businesses do and don’t need one. You should understand what...
by Paul Fennell | Aug 22, 2022 | News
A 401(k) audit is just one of many recurring tasks you have to think about as a business owner, and it’s easy to let it slip your mind if you’re worried about all of your other obligations. The consequences of missing the deadline can be severe, though, so it’s...
