Services: Employee Benefit Plans

2024 Update on Retirement Plans

Join GRF for a comprehensive overview of changes to employee benefit plan regulations and auditing standards. We will summarize key changes that will be applicable to employee benefit plan audits during 2024 and we will also summarize hot topics related to future industry changes. Discussion topics: DOL Cyber Best Practices Secure Act 2.0 Form 5500…

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SECURE 2.0 Act Requires 401(k) Plan Administration Changes for Employers

The 401(k) plan is the most popular employer-sponsored retirement plan in the United States. As of September 30, 2022, more than $6.3 trillion in assets were held in 401(k) accounts by more than 60 million active participants, as well as millions of former employees and retirees. So 401(k) plans are a key payroll responsibility for most businesses….

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Updated State-Mandated Retirement Plans: An Overview for Businesses

Many Americans are not saving enough for retirement – in fact, a recent survey by the Federal Reserve found that a quarter of working adults have no retirement savings at all. To address this growing crisis, a number of states are enacting laws that require private businesses to provide employee retirement plans. The requirement comes…

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Updated Management Responsibilities Under SAS 136

by Jennifer McCahill, CPA, Partner The implementation of SAS 136 is finally here. After being delayed an additional year during the pandemic, this new standard represents the first significant change to employee benefit plan audits in the past several years. For organizations subject to an audit of their retirement plan, below are several changes that…

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