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Avoid the most common 401k compliance error with these eligible compensation best practices

Avoid the most common 401k compliance error with these eligible compensation best practices

by cpaadmin | Feb 15, 2021 | 401k Compliance Error

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 counterintuitive, because the definition of “eligible compensation” is dictated by the employer...
Recap of the 2019 audit season: Top 5 internal control findings (and how to prevent them)

Recap of the 2019 audit season: Top 5 internal control findings (and how to prevent them)

by cpaadmin | Feb 28, 2020 | Audit Procedures

Employee benefits can become a minefield in terms of compliance — and that’s why auditing is so important (and not simply a requirement). As your friendly neighborhood auditor, I wanted to share the top 5 findings my team and I found in our work this year – to...

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