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U.S. Department of Labor Announces New Rules Governing Employee Benefit Plans
May 14, 2012
Gelman, Rosenberg & Freedman CPAs released an industry alert notifying nonprofit organizations and companies that sponsor retirement plans about new rules set by the U.S. Department of Labor. The new rules will require full disclosure of services and fees associated with retirement plans in effect on or after July 1, 2012. The rules cover defined benefit plans and defined contribution plans including 401(k)s and 403(b)s but not Simplified Employee Pension (SEP) plans, Savings Incentive Match Plan for Employee (SIMPLE), IRA plans or individual retirement annuities.
The alert was distributed electronically to individuals and organizations that may be impacted by the new rules. Click U.S. Department of Labor Announces New Rules Governing Employee Benefit Plans to read the full notice about the new Department of Labor rules, and to sign up for future industry alerts.
In the years that I have been working with Robert Albrecht, he has proven to be one of the most productive, reasonable and reliable auditors I have ever worked with. He takes his time analyzing the audit conditions at HQ and mission level before the audit to ensure that the time spent at our facilities is productive and can be 100% dedicated to the important task of finishing a reliable, complete audit in a timely manner
Luis M. Garcia | Director of Finance
Action Against Hunger (ACF) International