The AICPA has recently released an exposure draft which would significantly impact the auditing and reporting on employee benefit plans that are subject to...Read More
In today’s world, Trustees are faced with a variety of challenges when administering multiemployer benefit plans. One of the most important challenges of a...Read More
In March 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update, 2017-07, Compensation – Retirement: Improving the Presentation of Net Periodic Pension...Read More
Being investigated by the Department of Labor (DOL) can be a nerve-wracking and time-consuming experience for any benefit plan provider. However, being familiar with the...Read More
The Pension Benefit Guaranty Corporation (PBGC) protects the retirement benefits of more than 40 million workers and retirees. PBGC was created by the Employee...Read More
A plan’s investment policy is an important first step in establishing guidelines for plan Trustees to select investment options for the plan. This investment...Read More
In various reviews of the quality of Employee Benefit Plan audits, the Department of Labor (DOL) has found that firms with limited employee benefit...Read More
The number of 401(k) plans has grown persistently from around 17,000 covering roughly 7.5 million active participants in 1984 to almost 527,000 plans covering...Read More
In July 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2015-12 to simplify plan accounting of investments for Defined Benefit...Read More
The definition of a payroll (compliance) audit is to determine through the review of the payroll records that the employer is in compliance with...Read More
