Employee Benefit Blog

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…

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).

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.