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 | 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...
