Corporate retirement plans with more than 100 participants are generally required to have an audit of the plan done. While having your 401(k) plan audited by a qualified, independent public accountant is a relatively straightforward affair, audits do incur annual …
Just because an employee is no longer with your organization, it doesn’t mean that your fiduciary responsibilities are complete. If your former employee leaves a 401(k) balance in your plan, you and the company are still required to look after …
Cybersecurity has been a critical topic for business of all sizes. Now cybersecurity is a requirement for retirement plans to ensure the safety of their data. On April 14, 2021, the Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) …
