Employee Benefit Blog

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

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.

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

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

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

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

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…

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

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…