Employee Benefit Blog

Blogs February 04, 2021 Financial Statement Disclosures Unique to Defined Benefit Plans

Financial statement disclosures that are unique to defined benefit plans, including funding policy, AFTAP, significant actuarial assumptions and others.

Blogs December 11, 2020 401(k) Plan Forfeitures – The Forgotten Funds

Forfeitures are plan assets generally derived from non-vested employer contributions that are forfeited from a participant’s account when that participant terminates employment and is not fully vested. It is essential that plan sponsors and plan admi…

Blogs August 08, 2019 10 Auditor Considerations Under the New Employee Benefit Plan Standard (SAS 136)

A look at the auditor’s responsibilities and performance requirements under SAS No. 136, (Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA (Employee Retirement Income Security Act of 1974).

Blogs April 02, 2019 FASB Amends Master Trust Reporting Requirements for Employee Benefit Plans

New FASB guidance will reduce diversity in disclosures relating to master trust interests in employee benefit plan financial statements and provide the users of these financial statements with more information.

Blogs March 27, 2019 EisnerAmper Co-Hosts Employee Benefits Plan Event at NYSE

EisnerAmper Co-Hosts Employee Benefits Plan Event at NYSE with Charles Schwab and CMC Interactive. Sponsors of plans large and small toured the stock exchange floor, followed by an educational discussion on operational challenges for employee benefit…

Blogs March 26, 2019 Your Benefit Plan Limited Scope Audit Report May Soon Look Different…

There will soon be a new AICPA Statement on Auditing Standard, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA (“EBP SAS”) which addresses an auditor’s responsibility to financial statements.

Blogs December 03, 2018 IRS Provides Form 5500 Filing Relief for California Wildfire Victims

The Internal Revenue Service (IRS) announced that it has granted retirement plan sponsors in the wildfire disaster areas relief for the filing of Form 5500. Plan Sponsors now have until April 30, 2019 to file returns due during this time period.

Blogs September 14, 2018 Borrowing Limits for Participants with Multiple Plan Loans

In situations in which they are approving plan loans, plan sponsors should understand how the maximum loan amount available to a plan participant is calculated to ensure that violations of IRC section 72(p)(2)(A) do not occur.

Blogs September 10, 2018 Treatment of the Annual Compensation in Defined Contribution Plans in a Short Plan Year

This article discusses how defined contribution retirement plan plans sponsors should adjust the annual compensation limit under Internal Revenue Code (“IRC”) Section 401(a)(17) in a plan year of less than 12 months (“short plan year”).