Defined-Benefit Plans – Recent Report of Deficits

Lately I’ve run across several articles in the news that give a gloomy outlook for pension plans, including the State of Arizona’s Public-Pensions.  According to a recent report in the Arizona Republic, tightening budgets and poor investment performance have some wondering if the funds can continue to meet their obligations to retirees.  Citing a new …

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Do You Still Need a 401k Audit?

It’s 5500 season again and now the big question is upon you: Do you need to have an audit performed and an audit opinion attached to your 5500 before you send it in? Most people know that the general rule is that if you have fewer than 100 participants in the plan, you are considered …

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Basics About the Voluntary Fiduciary Correction Program

The Voluntary Fiduciary Correction Program (VFCP) is a voluntary enforcement program that encourages the correction of possible violations of Title I of the Employee Retirement Income Security Act (ERISA). Anyone who may be liable for fiduciary violations under ERISA, including employee benefit plan sponsors, officials, and parties in interest, may voluntarily apply for relief from …

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