Art of the Qualified Plan Audit

Posted by Chris Ciminera I think back to the cell phone commercial with the Verizon spokesman with his black glasses and hand to his head as a parallel for retirement plan communications. Creating a plan or changing provisions without employees knowing about it doesn’t create good “coverage” for plan sponsors. In fact, the Employee Retirement Income Security Act … Continued

Posted by Saaib Uppal and Stacey Snyder Disclaimer: All blog posts are valid as of the date published. As the common adage goes, “A chain is only as strong as its weakest link.” With discussions across the country focusing on the discrepancies in wealth, we thought now is a better time than ever to remind … Continued

Posted by Michael E. Mast, CPA The Employee Retirement Income Security Act (ERISA) section 412 requires plans to obtain an ERISA bond equal to the greater of $1,000 or 10% of the plan’s beginning of year plan assets, with a $500,000 maximum. In addition, if the plan assets include employer stock, then the maximum bond … Continued

Posted by Maria T. Hurd, CPA Since the Department of Labor’s final 408(b)(2) and 404(a)(5) fee disclosure regulations were issued, industry experts across all fields have been wanting to know what will be the extent of the auditors’ duty to obtain verification for each plan’s compliance with these new rules. On Thursday, April 12, 2012, … Continued