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Employee Benefit Plan Audits Archives - Delap CPA

15 Feb

Employee Benefit Plan Guide for Plan Administrators – Part 2: Common Contribution Considerations

February 15, 2018 | By | No Comments

Have you ever wondered what the plan auditors are doing while they are in the office crunching numbers on your employee benefit plan?  We are about to let you in on a little secret! One of the most significant processes involved in operating an employee benefit plan is ensuring that all contributions get applied to […]

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22 Jan

Employee Benefit Plan Guide for Plan Administrators – Part 1: Eradicating Eligibility Errors

January 22, 2018 | By | No Comments

During our audits of 50+ employee benefit plans each year, our team at Delap has seen it all when it comes to employee benefit plan compliance issues. In a previous blog post we identified participant eligibility issues as one of the top 3 operational violations we see.  What type of participant eligibility issues do we […]

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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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28 May

How to Polish Up Your 401(k) Plan for Potential IRS Examinations

May 28, 2014 | By | No Comments

We know that getting your 401(k) Plan audited isn’t the most exciting part of running your business. Fortunately, our team of audit nerds at Delap is passionate about mitigating risk by performing high-quality audits for our clients. As a result, we stay up on the latest news from the IRS by attending conferences and continuing […]

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21 Apr

Benchmarking Your Firm’s Employee Benefit Plan

April 21, 2014 | By | No Comments

Are the fees paid by your company’s 401(k) plan reasonable? Consider the following: • In August 2013, a U.S. District Court ordered a 401(k) plan’s fiduciaries to restore $321,000 to plan participants after concluding that the fiduciaries breached their fiduciary duties and paid excessive service provider fees to the plan’s third-party administrator. • In July […]

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