401k Plans and Audits?
Yes, generally, company sponsored retirement plans with 100 or more participants must include an independent audit report with the annual filing of Form 5500. Additionally, the Department of Labor’s Employee Benefits Security Administration (EBSA) can…
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How To Manage Your Fiduciary Liability
When you sponsor a retirement plan at your business, you are a fiduciary. Whether or not you know that, understand it, or enjoy the responsibilities it entails, under the high standards of the Employee Retirement…
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Financial Ed At Work
Increasingly, employers are recognizing the importance of providing financial wellness programming in tandem with benefits like the company sponsored 401k. With surveys continuing to point to the importance of financial literacy for all, it’s great…
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Homework Season: Retirement Plan Sponsorship
Fall’s in the air, and that means homework’s spread out on the kitchen table. If you are a retirement plan sponsor, you’ve got homework too. Now’s the time to tune into details that might be…
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Why Are ERISA Bonds Required?
When you sponsor a retirement plan for your employees, they are trusting you with their money. A single act of fraud or dishonesty related to the plan funds can have a devastating impact. That’s why,…
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Too Small To Face ERISA Scrutiny?
As the sponsor of a retirement plan at your business, you’ve probably heard the buzz related to ERISA investigations and lawsuits at big businesses with big names. Maybe you’ve shrugged, thinking these things don’t impact…
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Explained: ERISA Bonds and Fiduciary Liability Insurance
If you sponsor a retirement savings plan for employees, for the protection of the plan, you are required by law to have an ERISA fidelity bond. It is also critical for retirement plan sponsors to…
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Fourth Quarter Compliance Check?
The last quarter of the year means it’s time for retirement plan sponsors to see how they are doing against their annual compliance checklist. Wondering, “What have I missed?” Jump into action with these tips…
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Overlooking Cybersecurity?
When you sponsor a 401k plan for employees, you are responsible for protecting their hard-earned retirement savings. In fact, under the Employee Retirement Income Security Act (ERISA), you are a fiduciary, and can be held…
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