Be Wary of Hard-To-Value Investments in Self-Directed Brokerage Accounts

Posted by Michelle J. Cross, CPA A court recently fined a plan sponsor over $35 million for breach of fiduciary trust by causing employees to pay excessive fees in their 401(k) accounts. You may be thinking to yourself, “Wow, they must have been stealing from the plan!” They weren’t. But they did do something wrong…they selected a more expensive mutual … Continued

Schedule SSA Becomes Form 8955-SSA – Confused Yet?

Posted by Stacey Snyder, EBP Audit Intern With the recent change by the Department of Labor (DOL) to require electronic filing of the Form 5500 through EFAST2, a revision of Schedule SSA was inevitable, since the form includes personal information and is open to public disclosure. The new Form 8955-SSA is effective for reporting years starting in 2009. Form 8955-SSA … Continued