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A Case Study: Be Prepared!
Ken Bagner, CPA
Member in Charge
Employee Benefit Plan Audit Practice Group
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 Although an audit is typically performed only when a company has more than 100 eligible employees and participants with account balances of 120, nonetheless it can be very advantageous to conduct a review even if your Plan is below the 100 employee threshold. Click here to view entire article! |
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Expected Increase in Audit Activity
Submitted by Michael Israel, CFP® - Director- Investments
Katz Israel Katz Private Client Group of Oppenheimer & Co.
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No one should underestimate the fiduciary responsibilities that come with offering a retirement plan; the DOL and IRS certainly do not. More than $1 billion in fines were leveled in fiscal year 2010, and the DOL hired more than 700 new agents in anticipation of increasing enforcement and plan audits. This, coupled with the IRS' own authority to levy monetary penalties resulting from qualified plan audits, may translate into plan sponsors needing audit support from advisors and providers.
Click here to view entire article. |
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The Importance of Employee Goal Setting
Written by Molly Lockwood
Director of Human Resources, Sobel & Co.
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 One of the most common concerns for all employees across every industry sector is the basic desire for guidance and direction regarding their professional performance. Just as every organization must have a strategic plan in order to succeed, so too do the individuals within the organization need a road map to follow. Without a plan and well-defined goals, the company and its people are at a disadvantage, and as such they are likely to flounder off course much like a rudderless ship. Click here to view entire article. |
