OUR THOUGHTS ON:

SORT OPTIONS: Most Recent | Most Viewed

Form 5500 Extension Date Modified in Highway Funding Legislation

Beginning in 2017, plans that extend their Form 5500 will have an extra month to file. The short-term highway funding extension that President Obama signed ... read more >

Can For-Profit Subsidiaries of Not-for-Profit Entities elect to Amortize Goodwill under ASU 2014-02?

In January 2014, FASB issued ASU No 2014-02, Intangibles- Goodwill and Other, allowing private companies the option of amortizing goodwill over a 10-year ... read more >

Auto-Enrollment: Helping Employees Invest in Their Retirement

In an era where the traditional defined benefit plans are becoming a thing of the past, Generation X and Generation Y employees are starting to take retirement ... read more >

Where Do Stock Donations Go on the Statement of Cash Flows?

Not-for-Profit

By Mara Bruce

Nonprofit organizations receive donations from a variety of sources and in a variety of ways. Some donations are in cash, others are in the form of property, ... read more >

Financial Statement Changes for Participant Loans

ERISA

By Mara Bruce

For defined contribution pension plans that allow participant loans, changes were made to the classification of these loans on financial statements for years ending after December 15, 2010.... read more >

IRS Issues Pension Plan Limitations for 2011

ERISA

By Mara Bruce

Each year, plan sponsors need to make sure that their qualified benefit plans meet various compliance requirements. These compliance requirements include ... read more >

Downsizing Can Cause Partial Plan Terminations

ERISA

By Mara Bruce

The economic downturn that began in December 2007 forced many companies to downsize, cutting their workforces, closing plants and leaving many unemployed. ... read more >

Transition Relief for 403(b) Plan Administrators and Their Audit Requirements

ERISA

By Mara Bruce

In response to concerns raised by various parties, the US Department of Labor’s Employee Benefits Security Administration (EBSA) has provided transition relief for 403(b) plan administrators that make good-faith efforts to transition to the 2009 plan year ERISA annual reporting requirements.  Mara Bruce provides a summary.... read more >

Transition to FASB Codification: Are You Ready?

Audit

By Mara Bruce

On July 1, U.S. accounting and reporting standards will undergo a major restructuring that hasn't occurred in over 50 years. The FASB Accounting Standards Codification will officially become the single source of authoritative nongovernmental U.S. GAAP. Are you ready?... read more >

403(b) Plans: Are you ready for the new Form 5500 Reporting and Audit Requirements?

Audit

By Mara Bruce

In November 2007, the Department of Labor (DOL) issued amended regulations eliminating an exemption granted to 403(b) plans from the annual Form 5500 reporting, ... read more >