Regulation CC Threshold Increases – Best Practices
Regulation CC was amended by the Board of Governors of the Federal Reserve System (Board) releasing a finalized…
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125 Results Found
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March 27, 2025
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March 25, 2025
First Time 401(k) Plan Audit Guide: Rules, Deadlines and Requirements
Your company’s first 401(k) plan audit is due; do you know where to start? Plan sponsors and administrators…
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March 18, 2025
Your Comprehensive Guide to Quality of Earnings Report and Analysis for Due Diligence
During a merger or acquisition (M&A), a Quality of Earnings (QoE) report serves as a crucial tool in…
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March 11, 2025
Quick Guide to HMDA Partial Exemption Data Fields
The Home Mortgage Disclosure Act (HMDA) requires lending institutions to collect and report vast amounts of data, but…
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Auto Enrollment, Catch-Up Contributions and More: All the SECURE Act 2.0 Changes for 2025 and Beyond
SECURE Act 2.0 is ushering in additional changes that 401(k) plan sponsors and administrators need to prepare to…
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January 28, 2025
What are 401(k) Forfeiture Accounts?
When an employee leaves your workplace, what happens to their 401(k) funds? What are forfeitures in a 401(k)…
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December 12, 2024
Understanding Key Definitions and Reporting Requirements Under Regulation C for HMDA Reporting Purposes
Navigating the complexities of Regulation C as it applies to HMDA reporting can be daunting, but understanding key…
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October 15, 2024
401(k) Audit CPA Success Show: Taking Command of Your 401(k) Plan’s Internal Controls
Maintaining robust internal controls in your 401(k) plan is essential not only for compliance but for ensuring the…
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September 10, 2024
These SECURE Act 2.0 Provisions Went into Effect in 2024 – Is Your Company’s 401(k) Plan Prepared to Enact Them?
SECURE Act 2.0 brought several significant changes for 401(k) plans in 2024, has your organization made adjustments to…
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September 2, 2024
401(k) Audit CPA Success Show: Prevent Delays and Errors in your 401(k) Plan Audit with the Power of Automation Software
As 401(k) plan audits for 2023 wrap up, plan sponsors and administrators should look ahead to how they…
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July 16, 2024
Tricky Compliance Risks for Not-for-Profits: Best Practices for Boards and Executives
Keeping your not-for-profit on mission depends on your organization’s ability to overcome the riskier areas in compliance: donor…
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July 8, 2024
401(k) Audit CPA Success Show: Key Steps to Successfully Finalize Your 401(k) Audit
As the end of July approaches, plan sponsors must finalize their 401(k) plan audits and prepare to file…
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May 20, 2024
401(k) Audit CPA Success Show: What to Ask Your 401(k) Auditor About New 2023 Audit Process Requirements
Four changes may impact your 401(k) plan’s 2023 audit. As the plan administrator or sponsor, it’s imperative to…
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April 1, 2024
401(k) Audit CPA Success Show: Lessons Learned from the Department of Labor Audit Quality Study
The latest Department of Labor (DOL) Audit Quality Study reveals that 401(k) audits are increasingly specialized, requiring businesses…
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February 6, 2024
Benefits of Fully Remote 401(k) Audit Services
Once your business reaches 80 to 120 employees, it must undergo an audit of its 401(k) plan, but…
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January 31, 2024
401(K) Audit CPA Success Show: 7 Tips to Become a Proactive Plan Administrator
As a 401(k) administrator, failing to take a proactive stance in your yearly planning can result in missed…
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November 14, 2023
What’s the Difference between a 401(k) Plan Sponsor and a Plan Administrator?
A 401(k) plan sponsor and plan administrator are two important roles within a 401(k) plan that hold fiduciary…
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November 3, 2023
Updated Contribution Limits for 401(k) Plans for 2024
Each fall, the Internal Revenue Service (IRS) reviews the contribution limitations for benefit plan contributions and other supporting…
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October 3, 2023
401(K) Audit CPA Success Show: Keeping up with 401(k) Compliance Requirements
As year-end and final deadlines approach, 401(k) plan sponsors and administrators should remember to double-check the fine details…
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August 15, 2023
Should You Outsource Your FDICIA Testing?
Outsourcing Financial Data Protection and Information Security (FDICIA) testing can help financial institutions potentially reduce overhead costs that…
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August 8, 2023
What Are My Responsibilities as a 401(k) Plan Sponsor if We Outsource to a Third-Party Administrator?
As a plan sponsor, even if you outsource the administration of your organization’s 401(k) plan to a third-party…
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July 24, 2023
401(k) Request for Proposal Process
One of the very first steps you need when hiring of a qualified benefit plan auditor is to…
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July 17, 2023
401(k) Plan Asset Report and Reconciliation
Your 401(k) plan management team, including the plan administrator and trustee, are in charge of the establishment and…
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July 10, 2023
Fiduciary Responsibilities of a 401(k) Plan Administrator
As a 401(k) plan administrator, your responsibilities include specific fiduciary administrative duties you must adhere to stay in…
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July 3, 2023
Why Establish a 401(k) Committee Charter?
Forming a retirement plan committee, even if all the right representatives are selected, is only the first step.…
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June 29, 2023
401(K) Audit CPA Success Show: Is Your 401(k) Plan Protected from Cyber Threats?
It is the fiduciary duty of the plan sponsor to ensure the safety of participants’ funds, which includes…
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June 27, 2023
Why Independent Loan Reviews are Necessary for Credit Risk Analysis
Following a long cycle of economic prosperity and low-interest rates, lenders are facing new challenges, from the accelerated…
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June 21, 2023
How 401(k) Plan Sponsors Should Prepare for SECURE Act 2.0 Catch-Up Contribution Changes
Congress passed new legislation at the end of 2022 called the SECURE Act 2.0. For more information about…
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May 31, 2023
Flood Insurance Requirements for Banks: Are You Following the Updated Guidelines?
To comply with flood insurance regulations, banks and other financial institutions should familiarize themselves with the expanded FAQs…
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May 25, 2023
SECURE Act 2.0 Provisions Coming in 2024 and Beyond – What Plan Sponsors Can Do Now
Some SECURE Act 2.0 provisions have already come into effect in 2023, but it will continue to have…
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May 18, 2023
401(K) Audit CPA Success Show: What is Form 5500 and When is It Due?
Each year, with few exceptions, any business that sponsors an employee retirement savings plan, or a 401(k) plan…
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May 16, 2023
Missing Participants in Your 401(k) Plan – DOL’s Next Steps and EBSA Suggestions
In previous blog posts, we discussed the concept of “missing” participants in a 401(k) Plan. These are participants…
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February 28, 2023
My 401(k) Plan Needs an Audit – Where Do I Start?
It’s that time of year when Plan Sponsors of 401(k) plans find out that their plan has reached…
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February 13, 2023
401(K) Audit CPA Success Show Podcast: So You Just Found Out You Need A 401(k) Plan Audit, What’s Next?
Beginning the 401(k) plan audit process can feel overwhelming, no matter if its your company’s first audit or…
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February 7, 2023
SECURE Act 2.0 Impacts RMD Age in 2023 and More – How the Updated Law Will Affect Your 401(k) Audit
Congress passed a new act called the Securing a Strong Retirement Act of 2022 (commonly referred to as…
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January 2, 2023
When is a 401(k) Plan Audit Required?
To ensure the new year begins on the right foot, there are several activities that Plan Sponsors should…
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