Category Archive: ERISA

Best Practices For Monitoring Retirement Plan Service Providers

Originally published by BDO USA By Beth Garner | National Practice Leader, EBP and ERISA Services Luanne Macnicol | Assurance Partner, Central Region Practice Leader As a plan sponsor it is good practice to formalize ...

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Your Deadline: July 2022 – 401(K) PLAN RESTATEMENTS

Every six years, the Internal Revenue Service (IRS) requires employers with qualified, pre-approved plans to restate their plan documents – reflecting changes that have occurred since the plan documents were created or last restated. For ...

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SAS 136: What Plan Sponsors Need To Know About Upcoming Changes To ERISA Plan Audits

Click to Download Article Employee benefit plan sponsors and their auditing firms need to begin preparing for the adoption of Statement on Auditing Standards No. 136 (SAS 136), Forming an Opinion and Reporting on Financial ...

What Plan Sponsors Need to Know About DOL Enforcement and Red Flags

Being selected for a Department of Labor (DOL) audit is unwelcome news for nonprofit plan sponsors. Unfortunately, since benefit plans don’t directly impact programming and are extremely complex, nonprofits often rely too heavily on service ...

Retirement Benefits and Millennials

Attracting and retaining millennials, the largest segment of today’s workforce, is a priority for companies in one of the tightest labor markets in history. One way to do this is to re-evaluate the company’s benefits—particularly ...