by JoAnn Cassell | Jul 22, 2021 | Merger & Acquisitions, Record Retention
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) retirement plan sponsor, the question of what to retain through the merger and...
by JoAnn Cassell | Apr 19, 2021 | Record Retention
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 COVID-19 pandemic hit. As offices locked down, our team at Cassell Plan Audits quickly...
by JoAnn Cassell | Mar 20, 2021 | Cyber Safety, Personal Protected Information, Virtual Audits
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 relevant audit records on paper … until last year. COVID revealed a compliance gap that hadn’t...
by JoAnn Cassell | 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...
by JoAnn Cassell | Jan 15, 2021 | Audit Procedures, SECURE Act
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 administration compliant and on track. Back in November, we wrote about our top 7 insights...
