Employee Benefit Plan Services Outsourcing

ERISA

By Timothy Hammer

If you are like most organizations, you outsource various aspects of your employee benefit plans due to (among other reasons) the ever-increasing complexity ... read more >

Do You Understand What an Audit of Your Benefit Plan Covers?

The answer to this question may not be what you expect. So, your plan is over the threshold of greater than 100 participants, which requires the plan to ... read more >

Happy Birthday, ERISA!!

ERISA

By Timothy Hammer

This year’s Labor Day celebration will mark the 40th anniversary of the Employee Retirement Income Security Act (ERISA) being signed into law by ... read more >

Partial Plan Termination

ERISA

By Timothy Hammer

The current economic environment continues to challenge business in maintaining an efficient operating model to stay competitive. Whether it is plant shutdowns ... read more >

Do You Understand the Audit of Your Employee Benefit Plan?

ERISA

By Timothy Hammer

You may think that the plan audit is completed each year in order to satisfy your fiduciary responsibility to complete the plan’s filing of Form ... read more >

President Signs Law Providing Pension Funding Relief

ERISA

By Timothy Hammer

President Obama signed a U.S. transportation bill into law on Friday, July 6, 2012 that among other things provides relief to the funding of pension plan ... read more >

2011 Plan Reporting Brings More Fair Value Disclosures, While 2012 May Bring less for Non-Public Entities

ERISA

By Timothy Hammer

When preparing your 2011 plan financial statements, you need to make sure that you include more information relating to the fair value of your plan investments. ... read more >

Know Your Responsibilities When Outsourcing Certain Benefit Plan Functions

ERISA

By Timothy Hammer

The hiring of third-party administrators (TPA) does not relieve plan administrators of their fiduciary responsibilities regarding the operation of certain ... read more >

$101 Chicken Wings: A Report From the AICPA Major Firms Conference

The July Conference circled around the current economic environment and how firms (and clients) are navigating through these tough times. The keynote speaker was Mr. Robert Dye, Vice President and Senior Economist for PNC Financial Services Group. The overriding message from Mr. Dye is that there seems to be some evidence that the recession is coming to an end, however, he stressed that by no means has the tough times ended.... read more >

Late Remittances - Still Department of Labor Hot Button

ERISA

By Timothy Hammer

The Department of Labor (DOL) continues to focus major enforcement action on plan sponsors and owners regarding late remittances of employee contributions ... read more >