Newsletter
We’re Growing Again! Meet Kimberly Townsend
Kimberly R. Townsend Kim earned a Bachelor of Science degree from Madonna University in 2005. Then, after working as a corporate financial consultant for four years, returned to...
“We’ll take care of the 401k audit for you” and other myths
There are many benefits to having a 401(k) plan for your employees, such as retirement savings for your team, reduced taxes on wages, and reduced taxes for the employer, to name...
There is no such thing as a FREE 401(k) plan
Do you know the real cost of your plan? 401(k) plans are attractive to employers for retaining and recruiting employees, but all 401(k) plans come with a price. No surprise,...
Setting up a 401(k) retirement: Who does what?
Establishing a 401(k) retirement plan is simple. After all, you just have to choose vendors, draft legally sound documents, operate the plan, and stay in compliance. No big deal,...
What to Do If You Make an Eligible Compensation Mistake
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...
M&A and record retention: what plan sponsors need to know
Congratulations to your organization, on selling (or buying) a business! Now comes the fun part: Figuring out what to do with all of those employee records. When you're a 401(k)...
Stay on top of audits: Document your 401k oversight activities
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 new...
Plan sponsors, do you have an investment policy? (What you need to know to be compliant)
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 important to...
Personnel files: Going digital while staying compliant
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 when the...
Sharing personal protected info online? Here’s what NOT to do
When the pandemic hit in 2020, some of our customers faced an unexpected curveball. We’ve been doing virtual 401k audits for years, but many companies had maintained their...
Avoid the most common 401k compliance error with these eligible compensation best practices
Errors with eligible compensation—or, the income that counts toward your 401k retirement plan—were the number one compliance issue we saw in the 2020 audit season. It’s...
What the SECURE Act Means for Your Business in 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 retirement plan...
Cassell Plan Audits, Inc.
2400 East Main Street, Suite 103-228
Saint Charles, Illinois 60174
630.886.7669