Art of the Qualified Plan Audit

Posted by Saaib Uppal We often speak of and promote a diversity of opinion. It is, after all, what leads to creativity and imaginative thinking. Take the following rule as an example: “Funds have to be deposited as ‘of the earliest date on which such contributions can reasonably be segregated from the employer’s general assets.’” … Continued

Posted by Maria T. Hurd, CPA During tax season, questions about the deductibility of company contributions come up year after year, most of which involve a plan sponsor’s wish to deduct a company contribution to their retirement plan. Despite their wishful thoughts, many times the answer is NO. In some cases, however, a NO answer … Continued

Posted by Michael Mast, CPA Disclaimer: All blog posts are valid as of the date published. Voluntary Employee Benefit Association (VEBA) Trusts meet requirements to file both Form 5500 and Form 990. This requirement to file two returns made me question why other collectively-bargained benefit plans, such as the Pension, Annuity Funds, as well as … Continued

Posted by Maria T. Hurd, CPA Much like the African proverb that has been in existence for centuries: “It takes a village to raise a child”, the success of a retirement plan’s administration cannot be attributed to a single person or company. Often, third party administrators tell their clients that they will give the auditors … Continued