630.886.7669

Category: Audit Procedures

Stay on top of audits: Document your 401k oversight activities

June 16, 2021

We all know that 401k plans provide benefits to employees and employers alike, offering enhanced retirement security for workers and acting as an enticement when recruiting[...]

401k

Plan sponsors, do you have an investment policy? (What you need to know to be compliant)

May 18, 2021

You’ve probably heard that recent litigation over breaches of fiduciary duty under the Employee Retirement Income Security Act (ERISA) has been making a stir. It’s[...]

Personnel files

Personnel files: Going digital while staying compliant

April 19, 2021

With more people than ever working from home, the convenience and ease of digital filing systems are more relevant than ever.  This fact was driven home early last year[...]

SECURE Act

What the SECURE Act Means for Your Business in 2021

January 15, 2021

Happy 2021!  Like everyone else, we are thrilled to welcome in a new year. Just like last year, we’ll be sharing helpful tips and insights each month to keep your[...]

When in Doubt, Choose the Nice Auditor

October 22, 2020

Come audit season, there’s no shortage of accounting firms who are willing to perform your company’s benefit plan audits for you … But how many are truly able?  A[...]

How to Save Time on Your Next 401k Plan Audit—Especially if This Year’s Didn’t Go as Planned

October 5, 2020

Employee benefits plan audits can be a huge pain. They’re also necessary. This means you have a choice: do you want an efficient, painless audit—or a time-consuming and[...]

September/October deadlines you need to know

August 18, 2020

Fall is an especially busy time in the world of 401k plan administration. If you aren’t prepared for it, the sheer volume of work can take you by surprise. You’ll want to[...]

Hardship distributions will likely rise due to COVID-19. Here’s how to prepare for requests.

July 17, 2020

If your company offers a 401k plan in your benefits package, you already know that those funds should be kept out of reach until participants reach age 59½.  There are[...]

How long does a 401k audit take?

June 30, 2020

If the word “audit” makes you cringe, you’re not alone. At their worst, audits can be a major pain. They can sap your time, energy, and resources. When our clients ask[...]

How to Choose a 401k Audit Firm for Your Company

How to Choose a 401k Audit Firm for Your Company

May 26, 2020

Auditing your company’s 401k plan can be a disruptive and lengthy process, taking up precious time and human resources. If handled badly, it can end up costing your[...]