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How to Leverage an ERISA Budget Account
Ken Bagner, CPA, MST
Member in Charge
Employee Benefit Plan Audit Practice Group
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Has an advisor ever talked to you about a new, innovative way to reduce plan expenses and possibly pay 100% of your Plan audit fees without tapping into company assets?
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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.
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Keys to Performance Appraisal Program Success
Submitted by Barbara K. Newman, SPHR
Beacon HR, LLC
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As November begins, year-end performance appraisal season is not far behind for many organizations. Here are seven tips for creating or upgrading your organization's approach to performance appraisal - to maximize overall employee performance results going forward.
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Social Media Policy: The Regulations and the Reality!
Written by Molly Lockwood
Director of Human Resources, Sobel & Co.
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Whenever a business owner or a human resource professional hears the words, "social media policy," they probably cringe. That's typically because the internet is so much like the untamed Wild West - hard to get any formal structure around policing it - and so many unknown factors still to be determined.
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