Prepping for Your First Employee Benefit Plan Audit
As organizations grow, requirements change rapidly – and one of the biggest challenges for many growing companies and not-for-profits is the need for an employee benefit plan (EBP) audit. In this Q&A, we’ll unpack key requirements, how to prepare for your first EBP audit, what documents you’ll need to
How Contractors Develop Strategy Amid Uncertainty with FMI
On February 4, Barnes Dennig, Frost Brown Todd, Northside Bank and Trust, and USI Insurance hosted FMI’s Jay Bowman to discuss FMI’s construction outlook for 2021 and beyond. In early February last year, we hosted Jay Bowman to provide his forecast for 2020. Little did we know at the
A Simple Way to Identify a Qualified Plan Auditor
A qualified benefit plan is designed to help guard and protect an employee’s retirement benefits, whether that be a defined contribution, benefit, or health and welfare plan. Generally, most employee benefit plans with more than 100 eligible participants are required to submit an audited financial statement with their Form 5500.
New Construction Compensation Study Gives Insights on Pay, Benefits, and Trends
Record-Breaking Number of Participants A record-breaking 68 companies participated in the new 2020 Construction Industry Compensation Benchmark Study, providing insight into compensation, benefits, and overall trends for both general and specialty contractors. General and Specialty Contractors and a Balance of Contract Sizes The study, sponsored by Barnes Dennig, North Side
How Contractors Handle Revenue from Contracts with Customers
On May 23, 2019, Barnes Dennig hosted a seminar on the intricacies of the adoption of ASC 606 – Revenue from Contracts with Customers, for contractors. Tom Groskopf, Director at Barnes Dennig, and Dan Holthaus, Senior Manager at Barnes Dennig, discussed the accounting standard that became effective for all
Construction Firms See Expansion in the First Half of 2019
2019 began with expansion for the construction industry, a recent Associated Builders and Contractors, Inc. (ABC) study reports. According to ABC, nonresidential spending totaled $762.5 billion for January 2019, which represents an increase of 4.8 percent over January 2018. Similarly, FMI’s recent first quarter 2019 report indicated the engineering