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. You and your company, as fiduciaries, are obligated to manage any remaining 401(k) balances of former employees. One of the many reasons …
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) …
