Category Archives: Benefit Plans
Enjoy the Scenery, Get Healthier, and Be More Productive
Spring has arrived! Instead of sitting around a conference table, I just thought I could use a break and get outside for my meetings. We are lucky to be in a location where we have a great park with a trail … Continue reading
With Longer Life Expectancy, Benefit Plan Participation Should Be On the Rise
A few weeks ago, my Uncle Jack passed away. He was 93 when he died, almost thirty years beyond normal retirement age and had lived a healthy and active life until days before his passing. He was, perhaps, exceptional for … Continue reading
Audit Services and Small Benefit Plans
Administrators of small plans (i.e., plans with fewer than 100 participants) typically do not work with external auditors due to the simple fact that such plans do not require an audit under the Employee Retirement Income Security Act of 1974 … Continue reading
Department of Labor Pushing for Changes in ERISA, Seeks to Revisit the Topic of Audit Quality
Do your due diligence on your plan auditor. Audit fees should not be the sole criteria for auditor selection. The Department of Labor provides a guide for selecting a plan auditor with tips and points to consider during the process. Continue reading