SAS No. 136: New Auditing Standard for Employee Benefit Plans

Posted January 7th, 2020 & filed under Blog.

In July 2019, the AICPA’s Audit Standards Board issued Statement on Auditing Standards (SAS) No. 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA.

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Proposed Changes to Employee Benefit Plan Annual Reporting

Posted February 27th, 2017 & filed under Blog.

By Shawn Hansen, CPA

Under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code (IRC), private-sector retirement and welfare plans are required to file annual returns/reports.

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What are an Employer’s Fiduciary Responsibilities?

Posted March 25th, 2015 & filed under Blog.

By Julie Eisenhauer, CPA

A lawsuit was recently settled for $62 million in which the employees accused the employer of mismanaging their 401(k) plan. The lawsuit stated that the employer hid excessive fees and invested in conservative investments that resulted in diminished investment returns for plan participants. 

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Retirement Plans and the Importance of Documentation

Posted December 1st, 2014 & filed under Blog.

By Shelly Archuleta, CPA

Over the last decade, an increasing number of plan sponsors and third-party administrators (record-keepers) have moved to a paperless environment. Almost anything can be kept on a hard drive or in the cloud.

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Who’s Monitoring Your Organization’s Retirement Plan?

Posted June 26th, 2013 & filed under Blog.

By Shawn Hansen, CPA

Implementing a retirement plan can be one of the most rewarding decisions your organization can make. Not only do they help employers attract and retain talent but also provide a saving vehicle for its employees as they build for their future.

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