Category Archives: Employee Benefit Plans

Before Borrowing from a 401(k) Plan Account, Consider the Pros, Cons, and Alternatives

So many people seem to be borrowing from their 401(k) plan accounts these days, but is it really a good idea?  Proponents often point to the following: If your plan offers loans, it’s easy to get one. Your credit score … Continue reading

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Announcing Our Firm Name Change

We are excited to announce that we are changing our firm name to Levin Swedler Kennedy, effective November 1, 2014.  Our new firm name reflects our continuing evolution and best positions us as a leading provider of audit, accounting, tax … Continue reading

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401(k) Plan Tips for Employers

For a couple of years now, 401(k) plans have been required by the Employee Retirement Income Security Act of 1974 (ERISA) to regularly issue to participants and beneficiaries certain plan-related and investment-related information. Participants are now often looking for help … Continue reading

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Seeing the 401(k) Plan Audit for What It Is – A Value Added Service

As a seasoned 401(k) plan auditor, I am aware that very rarely do 401(k) plan clients see an audit of plan financial statements as a value added service.  Instead, they see it as a mere regulatory requirement.  Make no mistake; … Continue reading

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What does it mean for a firm to be a member of the AICPA’s Employee Benefit Plan Audit Quality Center?

The American Institute of Certified Public Accountants (AICPA) Employee Benefit Plan Audit Quality Center’s (EBPAQC) mission is to promote the quality of employee benefit plan audits.  Here are a few examples of benefits that member firms receive: Timely communication of … Continue reading

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Retirement Plans – Participant Fee Disclosure Regulations

If your company sponsors a defined contribution retirement plan subject to ERISA (including a 401k plan) and plan participants have the ability to choose among investment options in their account, there are new disclosures you need to make to those … Continue reading

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Employee Census Updates

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  Did your 401(k) plan service provider send you a request for an employee census update? This usually happens quarterly or annually. It often looks like they have most of the information already, so why is this a big deal? … Continue reading

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