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Employee Benefits (ERISA)
Fiduciary Responsibilities And Related Risks All Plan Sponsors Should Be Aware Of
The responsibilities facing employers who sponsor qualified employee benefit plans, including 401(k) plans, defined benefit plans, employee stock ownership plans and 403(b) plans, are many and not to be taken lightly. The United States Department of Labor (“DOL”) has increased...
Read MoreBankruptcy & Restructuring
Creditors’ Committee: Invaluable In The Chapter 11 Process
Editor: Please tell us about your background. Wilen: I am an accountant by training, but my entire career has been focused in restructuring and turnaround business advisory matters, Chapter 11 bankruptcies, and forensic accounting investigations supporting bankruptcy litigation. I started with...
Read MoreContracts
Expert Discusses Contract Audit And IP Damages Calculation
Editor: Please tell us about your background and experience. Smith: I graduated from Bucknell University with a bachelor of science in accounting and completed the requirements for a bachelor of arts in French. I received my masters in business administration from the Wharton School at the...
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U.S. & Multinational Businesses: Watch Out For Group Plan Rules – But Meet The Challenge With A Little Planning!
The Challenge This article presents an overview of the controlled group and affiliated service group U.S. federal tax rules as they apply to qualified retirement plans – including defined benefit, cash balance, profit sharing, 401(k), SEP and SIMPLE plans – and so-called...
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Removing The Veil From 401(k) Fees
Editor: New Labor Department rules will require more disclosure about fees charged on 401(k)s effective with the quarter beginning July 1, 2012 under Section 408(b)(2) of ERISA. What is the purpose of the new rules? Which plans are included and which plans are excluded? DeSaro: The Department...
Read MoreBoard of Directors
Concerns About Risks Confronting Boards
In EisnerAmper’s 2011 Board of Directors Survey, directors indicated that, together with financial risk, which has been so clearly demonstrated by the Great Recession and the fragile recovery, their company's reputation is paramount and is subject to threats from known and...
Read MoreFinance
Reporting On Controls At A Service Organization
In today’s economically challenging business environment, instead of building costly infrastructures to perform and support all tasks and functions internally, entities often undertake a strategy of outsourcing specific tasks, or entire functions, to independent third-party “service...
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