Newsletter
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...
A new DOL policy means you may not need a 401(k) plan audit. (Here’s what you need to know).
A new DOL policy means you may not need a 401(k) plan audit. On February 23, the Department of Labor, IRS, and Pension Benefit Guarantee Corporation unveiled major changes to...
Overwhelmed by your 401k auditor’s questionnaires? (We hate them too.)
Plan sponsors and advisors, building a relationship with your 401k or benefits plan auditor is better than any questionnaire. Here's why. No matter if you’re a 401(k) plan...
Review BEFORE the audit: not every income type is the same
Imagine this: The sales team has the best quarter ever. Five of seven team members win record-breaking performance bonuses. To keep the momentum going, they are sent to a...
You’ve changed payroll providers—Here’s what NOT to do to stay 401(k)-compliant
ADP, Gusto, Paychex, and the rest... they make payroll (and life) easier. Small businesses can save millions of dollars a year by forgoing an internal payroll department and...
Save time: How to get organized before your next audit
We know, nobody loves to do an audit. (If you did, you’d be working here.) 401(k) audits may look time-consuming, but nothing about them is left to chance. The more organized you...
Don’t wait until the last minute!
Everyone procrastinates. That’s especially true now, when just about everyone is short-staffed. When it comes to your 401(k) audit, the sooner you start, the better. Think of it...
Top 3 mistakes on audits this year
A 401(k) audit can feel like a test you didn’t study for. After all, you’ve got lots of other priorities. Here’s the catch: Just three mistakes make up more than half the issues...
DOL cybersecurity recommendations (yep, they audit you on these too)
Cybersecurity: it’s another area businesses are spending more and more on. And yep, Department of Labor regulations mean you can get audited on it. It’s no surprise the...
Yes, terminated employees in your plan count toward the audit requirement
Terminating an employee is never easy, but can be necessary. When people leave your company—voluntarily or not—they take the value in their 401(k) plan with them to continue...
Cassell Plan Audits, Inc.
2400 East Main Street, Suite 103-228
Saint Charles, Illinois 60174
630.886.7669