Employee Benefit Blog

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…

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.