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 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.
84 Results Found
-
September 22, 2022
-
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
Keep up with Anders
Want to keep up with all the latest insights from Anders? Subscribe and receive the information that matters to you.
-
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 -
June 29, 2022
5 Areas That Will Require Your Focus During a 401(k) Plan Audit
If 2022 will be the first year audit for your company 401(k) plan, it can be an apprehensive…
Read Full Article -
April 4, 2022
103a3C Versus Non-103a3c 401(k) Plan Audits?
If you are a Plan Sponsor for a 401(k) Plan and you just discovered that you will now…
Read Full Article -
March 16, 2022
401(k) Audit: Why 120 is the Magic Number
As the administrator of the company 401(k) plan it’s your job to determine if you have a large…
Read Full Article -
March 16, 2022
Terminated 401(k) Plan Audit Requirements
The economy in recent years has been hard on some businesses and in an effort to stay afloat…
Read Full Article -
February 21, 2022
A Top Auditor’s 401(k) Audit Document Checklist
We are often asked if there is a 401(k) audit checklist that we could offer to clients that…
Read Full Article -
February 7, 2022
Documents Needed For a 401(k) Audit
If you are the plan sponsor of a 401(k) plan and you just found out that you need…
Read Full Article -
January 18, 2022
Recent Auditor Report Changes – What Do They Mean For Not-for-Profits?
As a follow-up to our recent Not-for-Profit Symposium, we’re looking at the new auditor’s report changes and why…
Read Full Article -
December 14, 2021
Why Does A 401(k) Audit Take So Long?
If you are the Plan Sponsor of a 401(k) that requires an annual audit, you may have asked…
Read Full Article -
December 7, 2021
Lease Accounting Standard FAQ: What You Need to Know About the New Standard
The new lease accounting standard is coming, and non-public organizations will need to prepare to comply for fiscal…
Read Full Article -
November 15, 2021
401(k) Plan Limits Updated for 2022 by the IRS
Each year the Internal Revenue Service reviews the limitations for benefit plan contributions and other supporting factors based…
Read Full Article -
November 9, 2021
Top Things To Know About Standard 401(k) Audits For 2022
As a standard 401(k) plan sponsor, you might think that it is solely the responsibility of your auditor…
Read Full Article -
October 25, 2021
How to Find a Qualified 401(k) Auditor
We are now past the calendar year 401(k) Plan deadline (October 15th). However, we know there are severalpPlans…
Read Full Article -
October 14, 2021
Preparing for Your 401(k) Plan: End of Year Requirements
There are many tasks that a plan sponsor needs to complete by the end of the year to…
Read Full Article -
September 28, 2021
RECORDED WEBINAR – Lease Standard Update: What Businesses Need to Know
The lease accounting standard is changing. Could this affect your business? Implementation of the new lease accounting standard…
Read Full Article -
August 31, 2021
Supply Chain Lessons Learned from COVID-19: Better Inventory Management for Manufacturers
The pandemic changed the way we do business, especially for manufacturers. From overnight supply and demand changes to…
Read Full Article -
August 17, 2021
Buying vs. Leasing Considerations for Manufacturing Equipment
Whether you are an established manufacturer or just starting out in the industry, the decision to buy or…
Read Full Article -
June 29, 2021
Does Your 401(k) Plan Have an Oversight Committee?
PLAN FIDUCIARY RESPONSIBILITIES Plan sponsors of a 401(k) plan are considered fiduciaries to the plan which means they…
Read Full Article -
June 22, 2021
Not-for-Profit and For-Profit Entertainment Venues Will Need an Audit for SVOGs over $750,000
The $16 billion Shuttered Venue Opportunity Grant (SVOG) program was created to offer much-needed COVID-19 relief to entertainment…
Read Full Article -
May 18, 2021
Form 5500 Changes for 2020 Plan Year
IMPORTANT CHANGES TO FORM 5500 As we are nearing the end of May, many service providers are providing…
Read Full Article -
April 13, 2021
How to Report PPP Loans on Financial Statements
A key part of the Coronavirus Aid Relief and Economic Security (CARES) Act, the Paycheck Protection Program (PPP)…
Read Full Article -
March 12, 2021
Is the Limited Scope Audit Going Away?
There’s a New 401(k) Audit Standard If your company 401(k) plan has required an audit over the last…
Read Full Article -
January 29, 2021
RECORDED WEBINAR – Home Mortgage Disclosure Act: What You Need to Know
Download our recorded webinar presented by Brad R. Stumpe, CPA, CRCM of the Anders Banking and Financial Institutions…
Read Full Article -
January 22, 2021
Choosing the Right CPA Firm to Audit Your Employee Benefit Plan
Companies that provide employee benefit plans (EBPs) may be familiar with the auditing process required by the Department…
Read Full Article -
January 19, 2021
HMDA Data is Due March 1st for Banking Organizations – Are You Ready?
Organizations with loan compliance responsibilities probably came back to work to begin the new year fine tuning a…
Read Full Article -
November 12, 2020
How to Correct Missed Participant Deferrals
Despite best efforts in administering 401(k) plans, sometimes mistakes are made. One of the most common mistakes is…
Read Full Article -
October 22, 2020
Why the 1099-R Form is Important for Your 401(k) Plan
You probably know what a 1099 Form is. You may have personally received one for work done or…
Read Full Article -
September 29, 2020
Internal Controls for Not-for-Profits in the New Normal
As stay-at-home orders and social distancing have shifted the workforce in many ways, not-for-profits are left with many…
Read Full Article -
September 19, 2020
Uniform Guidance Updates for Organizations with Federal Grants
Organizations that receive greater than $750,000 of federal grants are usually subject to additional audit requirements, commonly referred…
Read Full Article -
September 18, 2020
What Employees Should Know About Your Company 401(k) Plan
At Anders, we work with close to 200 different Plan Sponsors of 401(k) plans every year. We often…
Read Full Article
