Focusing on all the areas of your labor union’s operations can hold many challenges. Government regulations are continually changing and keeping pace with those changes while having your members’ best interests at heart requires time, resources and expertise. Withum’s Labor Unions Services Team can provide you with experienced professionals specializing in supporting all aspects of your organization’s business needs.
Ensuring you’re following government guidelines and compliance rules properly can be overwhelming as these rules and regulations can sometimes be confusing or hard to interpret. We offer you “peace of mind” by helping you stay compliant with the Department of Labor Office of Labor Management Standards (OLMS) and Internal Revenue Service (IRS).
Learn MoreFinding ways to keep current members engaged and advocating for the benefits of membership is a current focus for labor organizations. Intranets, member portals and dashboards are effective tools to increase insightfulness, communication and engagement.
Learn MoreSafely housing union member data is a top concern with data piracy on the rise. Do you have ample policies, systems and best practices in place to protect member data and internal and external controls? Assessments can help you create a data security plan that fits your organization’s data security needs.
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Effective internal controls are not one-size-fits-all. They must be tailored to the specific risks faced by an organization. For employee benefit plans (EBPs) and labor organizations, this means aligning control activities with operational, financial and compliance risks that are unique to their environments. A structured framework, such as the COSO model, which is an internal…
As organizations rely more heavily on integrated systems, automation and remote access, risk exposure increases. Cyber incidents, data integrity issues and financial reporting errors can escalate quickly without clearly defined controls. A well-designed internal control framework helps organizations manage these risks while supporting reliable operations and decision-making. Internal controls are the backbone of operational resilience….
Regulatory scrutiny around labor unions often changes with a new administration so the need for accurate LM-2 reporting has never been more important. The Department of Labor (DOL) has emphasized its intention to reinforce transparency and compliance across financial disclosures, emphasizing detailed, timely and accurate LM-2 filings; something no union can afford to overlook. The…
Withum’s Union Ledger Podcast, will bring you in-depth discussions on a wide range of topics impacting labor unions – from auditing to compliance to cybersecurity.
The Form LM-30, also known as the Labor Organization Officer and Employee Report, was established as part of the Labor-Management Reporting and Disclosure Act (LMRDA) of 1959 and revised in 2007. History The Form LM-30, aims to disclose “any possible conflicts between their personal financial interests and their duty to the labor union and its…
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