When employees contribute a percentage of their wages to their employer’s sponsored retirement plan, they often assume the money is transferred into their account on…
Most organizations have some sort of formal plan in place to protect their electronic data, but many of those security measures neglect to address these…
In recent years, employee benefit plans have been under a regulatory microscope. Investigations and audits have been increasingly successful at identifying and penalizing plan administrators…
Business owners need to be aware that significant employee layoffs may lead to unintended partial plan terminations. In our region, oil and gas companies could…
Employee benefit plans must file an annual independent auditor’s report with the U.S. Department of Labor through a Form 5500, as well as any other…
Employers who withhold employee salaries as contributions to benefits plans must act as timely and efficient stewards of these funds or risk fines from the…
Through the VCP, the IRS offers a way for companies not currently undergoing an IRS audit to remedy errors in their retirement plan documents.
Employers must routinely make adjustments to their defined contribution retirement plans in order to stay in compliance with the IRS.
It’s more important than ever for employers to determine that their benefit plans adhere to Department of Labor and Internal Revenue Service regulations as these…