Should You Outsource Your FDICIA Testing?
Outsourcing Financial Data Protection and Information Security (FDICIA) testing can help financial institutions potentially reduce overhead costs that…
Read Full ArticleBlog
Our blog is an extension of the advice you receive every time you speak with one of our advisors. From industry and advisory trends to useful tax and audit resources and Anders news, you'll gain insights into what we do, who we are and how we can help.
108 Results Found
-
August 15, 2023
-
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…
Read Full Article -
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…
Read Full Article
Keep up with Anders
Want to keep up with all the latest insights from Anders? Subscribe and receive the information that matters to you.
-
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…
Read Full Article -
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…
Read Full Article -
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.…
Read Full Article -
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…
Read Full Article -
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…
Read Full Article -
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…
Read Full Article -
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…
Read Full Article -
May 26, 2023
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)…
Read Full Article -
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…
Read Full Article -
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…
Read Full Article -
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…
Read Full Article -
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…
Read Full Article -
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…
Read Full Article -
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…
Read Full Article -
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…
Read Full Article -
December 19, 2022
Regulation C Amendment Returns HMDA Threshold to Pre-2020 Levels
The closed-end reporting threshold for reporting under Regulation C, which implements the Home Mortgage Disclosure Act (HMDA), has…
Read Full Article -
December 16, 2022
401(k) Audit CPA Success Show Podcast: Key Tips to Keep Your First 401(k) Plan Audit on Track
Reaching your first 401(k) audit as an organization is a milestone for any business, but one not everyone…
Read Full Article -
December 13, 2022
How SECURE Act 2.0 May Impact 401(k) Plans and Audits in 2023
What is the status of SECURE Act 2.0 and what effect could it have on companies’ 401(k) Plans?…
Read Full Article -
December 6, 2022
Financial Due Diligence During the M&A Process Can Reveal Hidden Tax Liabilities
During a merger or acquisition, determining the cost of acquiring assets or equity requires a thorough understanding of…
Read Full Article -
November 30, 2022
Updated Contribution Limits for 401(k) Plans for 2023
Each fall, the Internal Revenue Service (IRS) reviews the contribution limitations for benefit plan contributions and other supporting…
Read Full Article -
November 7, 2022
Benefits of Clearing 401(k) Forfeiture and Holding Accounts
As we near the end of a Plan year for those who oversee their company’s 401(k) Plan administration,…
Read Full Article -
November 1, 2022
401(k) Audit CPA Success Show Podcast: Final Year-End Preparations for 401(k) Plan Sponsors
As a new year approaches, 401(k) plan sponsors and administrators should begin planning for 2023 to maximize plan…
Read Full Article -
October 3, 2022
Document Retention Policy for Your 401(k) Plan
Is There a Checklist of Items Needed for a 401(k) Plan? As the Plan Sponsor of a 401(k)…
Read Full Article -
September 29, 2022
Form 5500 Filing Deadline Approaching for 401(k) Plan Sponsors
As we approach October 17th, the deadline is drawing near for the filing of your Form 5500 if…
Read Full Article -
September 26, 2022
401(k) Audit CPA Success Show: Simple Steps to Ensure a Speedy 401(k) Audit
A 401(k) audit can often be a lengthy process and looming deadlines can have plan providers feeling anxious…
Read Full Article -
September 22, 2022
Form 5500 Deadline Approaching for Calendar Year 401(k) Plans
For those plans filing on a calendar year basis, the original deadline for filing the required Form 5500…
Read Full Article -
September 20, 2022
Three Biggest Mistakes Business Owners Make that Lower Company Value
It’s not uncommon for business owners to have the majority of their net worth tied up in their…
Read Full Article -
August 19, 2022
FDIC Issues Guidance on Re-Presentment Fees for Non-sufficient Funds
Most bank compliance officers have heard the rumblings over the last several months about examiner criticisms and class…
Read Full Article -
August 17, 2022
Our 6-Phase 401(k) Audit Process
When working with our 401(k) audit team our clients can expect a streamlined and organized process. 401(k) Audit…
Read Full Article -
August 5, 2022
401(k) Benefits Help to Attract Potential New Employees
With the economy opening back up after the pandemic, businesses are struggling to get back to normal. In…
Read Full Article -
August 2, 2022
Audit Sampling for Your 401(k) Plan
Audit sampling is a list of transactions that need supporting data. When a 401(k) plan needs an audit,…
Read Full Article -
July 31, 2022
401(k) Audit Report Guidelines: What to Look For
If you are in the middle of your first 401(k) audit, your auditor will be providing a draft…
Read Full Article -
July 21, 2022
Not-for-Profits in the Know Webinar Series: In-Kind Donation Reporting is Changing
With new reporting guidelines issued for in-kind donation reporting, is your organization prepared to implement these changes? The…
Read Full Article
