Posts Tagged ‘pension administration’

What Should Plan Sponsors Ask Their Investment Advisors?

Wednesday, February 12th, 2014

Like many business owners, running your business every day is a top priority for you. But as a sponsor of a 401(k) plan, you have an obligation to your employees to make your plan a priority as well. The truth is, most business owners are not 401(k) experts. Therefore, working with a quality 401(k) investment advisor should also be a priority. As a plan sponsor, there are questions you should be asking your advisor to ensure they are helping your meet your fiduciary obligations as the plan sponsor.  (more…)

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How Can You Ensure You’re Compliant With Disclosure Review?

Thursday, July 11th, 2013

Let’s face it. You like to be prepared when it comes to your finances. So do participants of your benefit plans. That need for preparation is what has driven the recent changes in regards to fee disclosure. As a plan sponsor, you need to comply with these new requirements. Are you sure you’re keeping up with your role in the process? (more…)

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What Does ASU 2011-04 Mean For Your Pension Audit?

Thursday, February 7th, 2013

How to Prepare For Changes to Your Retirement Plan

While the basics of double entry accounting haven’t changed in hundreds of years, the devil, as they say, is in the details. And, when it comes to accounting, the details are always changing. A new accounting standard update has been announced – and it could have a big impact on your pension plan’s 2012 audit.

For the last decade, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have been working toward accounting convergence; bringing U.S. accounting standards into harmony with international requirements. Through the Accounting Standard Updates (ASUs), FASB has been nudging U.S. standards closer to their international counterparts. Think of it as the accounting equivalent of finally getting America to convert to the metric measuring system. It’ll be great once we’re all on the same page, but the process of getting there… well, it’s a little complicated.

Here’s what you need to know about ASU 2011-04 and what you can do to prepare for its impact on your retirement plan. (more…)

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What does the new ERISA regulation mean for plan sponsors?

Friday, March 30th, 2012

If your company sponsors a 401k plan, a new ERISA regulation could mean extra paperwork… and potentially extra liability. (more…)

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