News & Insights
How Retirement Plan Advisors Can Evaluate an ERISA Audit Firm Before Making a Referral
When a plan sponsor asks who can handle their ERISA audit, it can be tempting to provide the name of a CPA or accounting firm you already know. But an
When Is a 401(k) Audit Required? Common Misconceptions Plan Sponsors Should Know
Managing a retirement plan comes with significant responsibilities, and understanding when a 401(k) audit is required is one of the most important responsibilities. For many plan sponsors, 401(k) audit requirements
Understanding the Filing Timeline and Form 5500 Due Date for Plan Sponsors
Managing a retirement plan is a year-round responsibility that culminates in one critical regulatory filing. The form 5500 due date is the deadline for reporting a plan’s financial condition, investments,
A Practical 401(k) Audit Checklist, Timeline, and Key Steps Every Plan Sponsor Should Know
For a plan sponsor, the first 401(k) audit can feel like an administrative mountain — and even the tenth doesn’t always get easier. Approached with a structured process and a
The Offshoring Bet is Coming Due
The question I’d like to pose to my colleagues in the audit space, particularly employee benefit plan audits, is does it still make sense to offshore this work? Let me explain. Employee
2023 Form 5500 – Change in Participant Count Methodology
Recently, the Department of Labor released a notice related to changes to the Form 5500 for plan years beginning on or after January 1, 2023. One of these changes is
Correcting a Plan Issue – IRS Fix-it Guide
As the plan sponsor, it is your responsibility to oversee the plan operations and ensure compliance with all applicable laws, regulations and plan provisions. However, sometimes a breakdown in controls
DOL Cybersecurity Guidance Issued: Best Practices
As retirement plans change to operate less in a paper environment and more in an electronic environment, this changes the risks for fiduciaries and plan management to consider. With this
DOL Cybersecurity Guidance Issued: Hiring a Service Provider
Cybersecurity is continuing to be a growing focus in many industries. With this continued focus, the Employee Benefits Security Administration (“EBSA”) released initial guidance to assist parties-in-interest to retirement plans