Employee Benefit Blog

Blogs August 31, 2021 What Does a 401(k) Audit Encompass?

This blog examines the determining factors for whether your 401k plan needs an audit.

Blogs August 10, 2021 Plans Retroactively Adopted After the End of the Plan Year Will Not Be Required To File a 2020 Form 5500

While the SECURE Act of 2019 permits an employer to adopt a retirement plan after the close of the employer’s taxable year, the first Form 5500 required to be filed with respect to the retirement plan will be the 2021 Form 5500.

Blogs July 22, 2021 IRS Updates Under Employee Plans Compliance Resolution System

The IRS has revised the Employee Plans Compliance Resolution System, Revenue Procedure 2021-30, which permits retirement plan sponsors to correct plan failures.

Blogs June 29, 2021 U.S. Department of Labor Announces Cybersecurity Guidance

In April of 2021, the DOL’s Employee Benefits Security Administration announced cybersecurity guidance for plan sponsors, plan fiduciaries, record keepers and plan participants.

Blogs June 09, 2021 Update on Employee Benefit Plan Auditing Standards (SAS 136)

An update on Auditing Standards No. 136 (“SAS 136”) Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA.

Blogs May 27, 2021 Employee Benefit Plans and COVID-19

As a result of COVID-19, the U.S. government has increased access to employee benefit plan assets. Plan sponsors should ensure that these relief changes are properly administered and accounted for

Blogs April 28, 2021 Cybersecurity Risk Surrounding Employee Benefit Plans

Due to increasing remote work arrangements and a paperless environment, along with the number of parties that have access to a participant’s retirement plan information, cybersecurity risk is increasing significantly. The U.S. Department of Labor off…

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…