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Important Changes to Audit Process

 There are significant changes to the audit process, which are effective for plan years ending on or after December 15, 2021 (i.e., plan audits performed in 2022).  Statement of Auditing Standards No. 136 (“SAS 136”) now requires plan management (i.e., … Read More

Student Loan Repayment Program

Student Loan Repayment Program Update On August 17, 2018, the IRS issued private letter ruling 201833012 (the PLR). The PLR addressed an individual plan sponsor’s desire to amend their retirement plan to include a program for employees that were making … Read More

The Auditors Are Coming — Are You Ready?

No one wants to be caught flat-footed when the auditors come calling. And with a new standard issued by the American Institute of Certified Public Accountants (AICPA), both the auditors and plan sponsors will be subject to new responsibilities. The … Read More

Do you Send Participant Notices via Email? Should you?

The number of notices and disclosures required to retirement plan participants has increased while methods to access information changed drastically. Many individuals receive their news and information on electronic devices through apps and social media. What remains the same is … Read More

Fiduciary Hot Topics Q3 2021

Ongoing Litigation Against Colleges and Universities – Supreme Court agrees to review dismissal of lawsuit against Northwestern University Hughes v. Northwestern University The Supreme Court has granted a Writ of Certiorari and agreed to review the dismissal of the plaintiffs’ … Read More

Use Plan Analytics to Evaluate Your Plan

Your retirement plan is a valuable resource for your employees and serves as a vehicle to attract and retain top talent. Ensuring plan success is crucial. Examining plan analytics can help evaluate its success. Plan analytics you should explore: Median … Read More

Negotiating Retirement Plan Fees

GET THE BIGGEST BANG FOR YOUR BUCK! NEGOTIATING RETIREMENT PLAN FEES WITH YOUR PROVIDER According to plan sponsors, one of the most harrowing aspects of their fiduciary obligations is to ensure that plan fees are reasonable. From administration and recordkeeping … Read More

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