Newsletter
Is your 401(k) plan “large” or “small”? —for audit purposes, that is.
Here’s how to determine the number of qualifying participants for your 401(k) audit. The total number of participants with balances in your retirement plan drives how the...
How to streamline your 401(k) plan audit
As a plan sponsor of a 401(k) plan that requires an annual audit, you’ve probably wondered in frustration, “Why does it take so long?” Here’s how to streamline your 401(k) plan audit.
Hiring a 401(k) plan auditing firm? Ask these two questions first.
Hiring a 401(k) plan auditing firm is an important decision. Here’s how to ensure that you choose the right auditor for your next benefit plan audit. Did you know that auditors...
How to prepare for your first 401(k) plan audit
For employers or plan sponsors with 401(k) plans with 100 or more participants with balances, here’s how to prepare for your first 401(k) plan audit. Step One: Determine whether...
A quick-and-easy checklist for your next 401(k) plan audit
As a seasoned plan sponsor, this is not your first audit. Here is a quick-and-easy checklist for your next 401(k) plan audit so you catch what may have changed—on your side or...
Top 3 errors on 401(k) plan audits in 2023 (#3 will surprise you)
We learn the most indelible lessons from our mistakes, right? This year, save yourself (and your auditor!) time and headaches by learning from someone else’s mistakes. Fresh out...
Effective 1-1-24: New treatment of LTPT employees mandated by IRS
It’s official! The IRS (finally!) released guidance on the new treatment of LTPT employees (long-term part-time) vis-a-vis your 401(k) plan. And not a moment too soon! Changes...
Growing 401(k) plan? The 80/120 rule could save you time and money.
If your 401(k) plan is close to hitting “large” by DOL rules at the start of your plan year, the 80/120 rule could save you time and money. It happens. You begin a new...
How to choose the right 401(k) plan auditor
Wondering how to choose the right 401(k) plan auditor for your organization? Here’s what to look for—and avoid—in selecting your auditing firm. If your company’s 401(k)...
Know who’s who: Your 401(k) plan service providers
There are many service providers on your 401(k) plan team. Here’s what their roles are and what to expect from each of them. To keep your 401(k) plan sustainable, successful, and...
Got M&A? Don’t forget to consider 401(k) plans in your merger or acquisition.
Don't get surprised at audit time. Stay compliant when handling the 401(k) or benefits plans during a merger or acquisition. Merging or holding companies? Buying a business?...
What are Agreed-Upon Procedures, and when do you need them?
Don't require a full-scale audit? There's an alternative: agreed-upon procedures. In our last blog, we discussed changes to 401(k) audit requirements that mean many small and...
Cassell Plan Audits, Inc.
2400 East Main Street, Suite 103-228
Saint Charles, Illinois 60174
630.886.7669