In March 2022, the U.S. Department of Labor issued Compliance Assistance Release No. 2022-01 – 401(k) Plan Investments in “Cryptocurrencies” (Crypto Release).   According to the…read more

The IRS Employee Plans Compliance Resolution System (EPCRS) allows a plan sponsor to correct plan operational failures using three correction programs: Self- Correction Program (SCP),…read more

Published November 9, 2021 – In late 2019 and early 2020, Congress passed two pieces of legislation which affected retirement plans. These were the Setting…read more

Published September 23, 2021 – Recently issued guidance from the Department of Labor and the AICPA provide best practices for plan management and plan fiduciaries…read more

Published August 8, 2021 – The American Institute of Certified Public Accountants’ Auditing Standards Board recently released Statement on Auditing Standards No. 136, Forming an…read more

Published January 21, 2021 – Continuing its focus on missing participants in retirement plans, the Department of Labor (DOL) recently released updated guidance on this…read more

Published December 14, 2020 – The Setting Every Community Up for Retirement Act (SECURE Act) was signed into law by the President of the United States…read more

Published November 17, 2020 – One aspect of the current pandemic and subsequent business layoffs and furloughs that is not being talked about very much…read more

October 22, 2020 – A recent “hot topic” within the Department of Labor (DOL) has been the fiduciary responsibility under the Employment Retirement Income Security…read more

October 2, 2020 – Section 1102 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 created the Paycheck Protection Program (PPP) to…read more