Explore Our Latest Insights
Discover Expert Perspectives on Employee Benefit Plans
Dive into our curated content that highlights the latest trends and expert analyses in employee benefit plan audits.
Stay informed with insights from industry leaders.
2021 Employee Benefit Plans Accounting, Auditing & Regulatory Update
As a firm which specializes in the audits of employee benefit plans, we continually monitor accounting, regulatory and current events which may impact plans. As a member of the Employee Benefit Plan...
2022 401(k) Contribution Limit Increases to $20,500
The Internal Revenue Service announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2022 in Notice 2021-61, Key employee...
IRS to Provide Tax and Filing Relief for Certain Counties in PA Due to Hurricane Ida
On September 10, 2021, the Federal Emergency Management Association (FEMA) announced that federal disaster assistance has been made available to commonwealth of Pennsylvania for certain areas...
DOL Sets Second Calendar Quarter of 2022 as Compliance Date for Lifetime Income Illustrations
The Employee Benefits Security Administration (EBSA) of the Department of Labor (DOL) issued on July 26, 2021 Frequently Asked Questions which indicate participant-directed plans must provide...
IRS Revenue Procedure 2021-30 updates EPCRS
With Revenue Procedure 2021-30, the IRS has updated its Employee Plans Compliance Resolution System (EPCRS). EPCRS permits any plan sponsor of a retirement plan to correct plan failures. EPCRS...
DOL Clarifies Form 5500 COVID-19 Relief Provided for Late Contributions and Loan Repayments
Per the AICPA AICPA Employee Benefit Plans Audit Quality Center, the DOL staff has stated that in accordance with relief provided in EBSA Disaster Relief Notice 2020-01; Guidance and Relief for...
2021 Employee Benefit Plans Update
As a firm which specializes in the audits of employee benefit plans, we continually monitor accounting, regulatory and current events which may impact plans. As a member of the Employee Benefit Plan...
2021 IRS Compliance Program and Priorities for Employee Plans
The Tax Exempt and Government Entities (TE/GE) Fiscal Year 2021 Program Letter PDF lists IRS priorities and how those align with the IRS Strategic Goals. In fiscal year 2021, the IRS will continue...
American Rescue Plan Act of 2021 – Key Benefit Plan Funding Provisions
The American Rescue Plan Act of 2021 (ARPA, HR 1319) is expected to become law. Key benefit plan provisions[i] are highlighted below. Many of these affect funding provisions for defined benefit...
You can also check out our latest video content!
