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Maintaining Opt Out Reports
Maintaining Opt Out Reports For plans that have an auto-enrollment feature, maintaining a paper trail of those employees who choose to “opt-out” of the plan can require some focus by...
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Health & Welfare Match Game
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New Defined Benefit Plan Mortality Tables for 2014
New Defined Benefit Plan Mortality Tables for 2014 In October 2014, the Society of Actuaries released the final RP-2014 mortality tables, which could have a significant impact on determining a...
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Social Security Administration Verification
Social Security Administration Verification For this Sunscreen Moment, we discuss the importance of having correct Social Security numbers on file. [youtube https://www.youtube.com/watch?v=UY6xi727PIE&w=560&h=315] Previous Post Next Post...
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Internal Controls for Catch-Up Contributions
Internal Controls for Catch-Up Contributions For 401(k) plans evaluating whether participants are eligible to make a catch-up contribution, 1965 is an important year. [youtube https://www.youtube.com/watch?v=HskC6bHKark] Previous Post Next Post...
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Initiatives Dealing with Dabbling Auditors
Initiatives Dealing with Dabbling Auditors There is an observation that is shared by both the DOL and the AICPA that auditors who “dabble” auditing five or fewer employee benefit plans...
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How Do the Rocky Movies Relate to 401(k) Plans?
How Do the Rocky Movies Relate to 401(k) Plans? One of my favorite group of movies is the Rocky Movies because they signify the virtue of perseverance. Whether Rocky is...
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Service Provider Anti-Fraud Controls
Service Provider Anti-Fraud Controls For this Sunscreen Moment, it’s a good reminder that your service provider’s transactions are an extension of your Plan’s transactions. Ask your provider this question: What...
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Pour Some Sugar on Your 401(k) Plan
Pour Some Sugar on Your 401(k) Plan I recently went to a Def Leppard concert and when they played their famous song, Pour Some Sugar on Me, I couldn’t help...
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Auditor Independence and Cinco De Mayo