News & Analysis as of

Retirement Audits Employee Benefits

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The auditors can make a mistake and not admit

For plans that require an independent audit, the point of the audit is to determine the financial health of the plan to pay benefits to participants. One aspect is looking at the terms of the plan document, and making sure...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Is it really going to be less audits?

They claim that with the change in how we count participants, there will be 20,000 fewer audits. By counting account balances instead of those that are just eligible, it looks like CPAs would see a retraction of their...more

Franczek P.C.

Employee Benefits Alert - August 2015

Franczek P.C. on

Retirement Plans - IRS Issues Guidance on Benefit Suspension Voting under MPRA - As we have written in prior alerts, the Multiemployer Pension Reform Act of 2014 (MPRA) permits trustees of financially troubled...more

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