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Karen OMara, CPA, Author at Delap CPA

20 Jan

Need an Auditor? Think Before You Hire.

January 20, 2015 | By | No Comments

Employee benefit plan (EBP) administrators are hearing a lot about their fiduciary responsibility requirements from service providers (See April 14th Blog Post – Employee Benefit Plans & Responsibilities of Plan Fiduciaries), and the recent case of Lockheed Martin being sued by participants for mismanagement of their plan (Lockheed Martin) further illustrates the importance of fiduciary […]

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04 Jun

Top 3 Employee Benefit Plan Operational Violations

June 4, 2014 | By | No Comments

Have you ever wondered what the auditors typically find in terms of plan violations? Our team at Delap has put our heads together and from our collective knowledge has identified what we consider to be the top 3 operational violations found during an employee benefit plan audit. 1.  Untimely remittance of participant contributions The Department […]

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