Regulators require employers to properly manage transactions, fund their plans at an appropriate level and keep their promise to employees.
Organizations with more than 100 employees are required to obtain an annual plan audit.
Today, regulators expect employers to properly handle transactions, maintain the health of the plan, continue funding the plan, and keep their promise to employees.
- Read our 2020 Employee Benefit Plans Update
IN THIS ISSUE –
1. Document Retention Best Practices
2. The Future of ESG Investments in Retirement Plans
3. Trends in EBP Litigation and EBP Fiduciary Best Practices
4. Update on Hardship Withdrawal Rules
5. New Auditing Standards for Employee Benefit Plans
6. Retirement Plan Contributions and the PPP – Some Clarification
7. Missing Participants in Employee Benefit Plans
8. Unexpected Retirement Plan Problems Due to COVID-19
9. Changes to Retirement Plans due to the SECURE Act
PLUS: Dopkins 2020 Employee Benefits COVID-19 Special Report:
A summary of the key provisions of the CARES Act impacting retirement plans including:
- Coronavirus distributions
- Loans to plan participants
- Required minimum distributions
- Defined benefit plans
- Services to help management remain compliant, while focusing on operational goals.
The Dopkins Employee Benefit Plan Team can provide a comprehensive suite of services including:
- Defined Contribution Plans
- Employee Stock Ownership Plans
- Multi-Employer Plans
- 11-K’s for Publicly Traded Companies
- Health & Welfare Plans
- SSAE 16 reviews
- Analysis of Investment Performance
- Assistance with Voluntary Correction Program (VCP) filings
- Assistance with IRS and DOL Audits
- Review of Compliance with the Plan Document, IRS, & DOL Regulations
- Internal Control Reviews
One of the most critical issues in employee benefit plans is ensuring compliance between the DOL’s rules and regulations and your plan’s trust agreement. Dopkins advisors can perform internal control audits to ensure the policies and procedures currently in place are fully compliant.