The AICPA has issued a working draft of a proposed multiemployer benefit plans (ME plans) chapter and illustrative financial statements for inclusion in the AICPA Audit and Accounting Guide Employee Benefit Plans. The proposed ME plans chapter and illustrative financial statements were developed to assist preparers of multiemployer financial statements in preparing financial statements in ... Read More ›
Legacy Managing Partner Tim Cibulka and Partners Bruce Pavlik, Eileen Brassil, Greg Wallenbecker, and Eric Wallin represented Legacy at the 2018 International Foundation of Employee Benefit Plans 64th Annual Employee Benefits Conference in New Orleans, LA from October 14-17. Bruce, Eileen, and Eric all spoke and/or moderated sessions at the Annual Conference.
Eileen Brassil: P-ACCT2 ... Read More ›
Trustees of employee benefit funds have a fiduciary responsibility to collect all contributions due to the fund. Trustees failing to carry out this fiduciary responsibility can be held personally liable under the Employee Retirement Income Security Act of 1974 (ERISA) and ordered to make good on all losses to a plan.
Payroll ... Read More ›