Speaking at the International Foundation of Employee Benefit Plans’ 60th Annual Employee Benefits Conference, Ian Dingwall, chief accountant for the DOL’s Employee Benefits Security Administration, said that Form 5500, a disclosure document for plan participants and beneficiaries, is the main focus of EBSA and its office of the chief accountant. Click here to ... Read More ›
Timely deposits of participant deferrals are an important part of a plan sponsor’s fiduciary responsibility. Your auditors will ask about this issue and take a look at compliance with regard to the guidelines as part of the annual audit. This is to ensure plan participants are receiving timely deposits into their accounts.
The Rules
The Department of ... Read More ›
A growing number of employee benefit plans are using alternative investments as a means of increasing portfolio diversification and enhancing returns. These investments often produce unrelated business taxable income (UBTI). Even though an organization may be recognized as tax exempt, it still may be liable for tax on its unrelated business income.
Many plan sponsors are ... Read More ›