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Category: Audit Procedures

Audit

What the heck is SAS 136 and why you should care

January 17, 2022

Your independent auditor has always adhered to auditing standards established by The Audit Standards Board of the American Institute of Certified Public Accountants[...]

What to Do If You Make an Eligible Compensation Mistake

August 18, 2021

It happens... you've performed your audit and discovered some discrepancies. If you've ever found yourself in this position, you're definitely not alone. In fact, eligible[...]

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[...]