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Recent Benefit Plans Articles

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CARES Act Impact on Employee Benefit Plans

By Robert J. Behr, CPA April 6, 2020

As part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), there are several provisions that impact both 401(k) and 403(b) employee benefit plans.  These changes are designed to provide much-needed relief with respect to the COVID-19 crisis.  Here are the key provisions that employers and plan administrators…

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Hiring a Qualified Auditor for your Employee Benefit Plan

By Robert J. Behr, CPA December 21, 2016

The Department of Labor (DOL) is continuing to focus its efforts on improving the audit quality of employee benefit plans. During 2015, the DOL released a report called “Assessing the Quality of Employee Benefit Plan Audits” in which the agency reviewed 400 plan audits. As a result of this review,…

How Do You Know If Your 401(k) Plan Requires An Audit?

December 20, 2016

By Robert J. Behr, CPA The answer to this question depends on if your 401(k) plan is deemed to be “small” or “large”. This is based on the number of “eligible” participants in your plan at the beginning of the plan year. Technically, the Department of Labor (“DOL”) requires an…