by JoAnn Cassell | Nov 19, 2020 | Audit Insights, Uncategorized
At Cassell Plan Audits, we love solving problems. But we love preventing them even more. 2020 has been tumultuous in just about every aspect, but your employee benefits compliance shouldn’t be. As your friendly neighborhood auditors, we’re here to help in any way we...
by JoAnn Cassell | Nov 16, 2020 | Employee Addition
Anne Kozlowski Cassell Plan Audits is pleased to announce the addition of Anne Kozlowski to their team. Anne received her bachelor’s degree in Accountancy from Elmhurst College and is a registered CPA in the State of Illinois. She brings 20+ years of experience as an...
by JoAnn Cassell | Oct 22, 2020 | 401k Plan Audit, Audit Procedures
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 poorly performed audit can cost your organization thousands of dollars more than it should, and there’s...
by JoAnn Cassell | Oct 5, 2020 | 401k Plan Audit, Audit Procedures
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 expensive one? It pays in more ways than one to make your audits as efficient as possible. If that...
by JoAnn Cassell | Aug 18, 2020 | Audit Deadlines, Audit Procedures
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 stay on top of several reporting requirements, tax forms, employee notices, and deadlines. Here...
by JoAnn Cassell | Jul 17, 2020 | Audit Procedures, hardship distributions
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 exceptions, however. Most 401k plans allow withdrawal before retirement age in cases of financial...
by JoAnn Cassell | Jun 30, 2020 | 401k Audit Time, Audit Procedures
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 us how long a 401k audit will take, they’re usually afraid of the answer. But there’s good news. If...
by JoAnn Cassell | May 26, 2020 | 401k Audit Firm, Audit Procedures
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 organization thousands more than it should, not to mention the additional stress it puts on the team...
by JoAnn Cassell | Apr 13, 2020 | Audit Procedures
Like everyone around the globe, Cassell Plan Audits is closely following the coronavirus pandemic. We’re abiding by the guidelines that our government leaders and health authorities have set, practicing social distancing and refraining from gathering in large groups...
by JoAnn Cassell | Mar 17, 2020 | Audit Procedures
While the term “audit” can strike fear into the hearts of even the most seasoned business professionals, the audit process for your company’s 401(k) plan doesn’t have to be an intimidating one. Any company-sponsored retirement plan with 100 or...
