Sheri Terens, CPA asks the tough questions when it comes to your employee benefit plans:

 

 

The hot topic over the last few years has been 401k fees. There are so many service providers associated with 401k plans that it’s hard to keep them straight: investment advisor, third party administrator, custodian, record-keeper and more. Do you know how they are getting compensated, and are you paying too much for remaining loyal to the same provider? Maybe, you’ Read More >>

Sheri Terens, CPA has information you may not know about the standards of EB Audits:

 

 

The Department of Labor requires that certain retirement plans be audited annually according to the auditing standards of the AICPA. These standards are designed to protect the retirement savings of millions of Americans. It is the responsibility of CPA firms to uphold the integrity of these standards.

You may think you have done your due diligence by getting an employee bene Read More >>

According to Sheri Terens, CPA, a deficient employee benefit plan can have grave results:

 

 

An overwhelming amount of employee benefit plan audits are deficient, according to a new report issued by the United States Department of Labor (DOL). From a sample of 400 plan audits, 39% of the audits contained major deficiencies with respect to one or more relevant auditing standards. These deficiencies put plan assets and participants at risk.

Generally, the Emplo Read More >>