Employee Benefit Plan Audit FAQ: What do I Need to Know?

Does my plan need an audit? ERISA generally requires “large plans” to have an audit of the financial statements. The general rule is that plans with 100 or more participants at the beginning of the plan year are considered “large plans,” and plans with fewer than 100 participants are considered

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Correcting Automatic Enrollment Errors

Managing your company’s 401(k) plan is no doubt a difficult task. There are many rules and regulations that must be followed, and as fiduciary of a 401(k) plan, you have certain responsibilities that are required under ERISA. When something is missed it can have an impact on a plan participant’s

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Manufacturing Sector Continues to Grow Through the Tough Winter

By Nick Partie Economic activity in the manufacturing sector expanded in February for the ninth consecutive month according to the Institute for Supply Management (ISM) Manufacturing Report. In addition to the manufacturing sector, ISM reported that the overall economy has expanded for the 57th consecutive month. The manufacturing sector

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Expansion in Manufacturing Industry Spurs Optimism

According to the most recent Institute for Supply Management (ISM) Manufacturing  Report on Business, December was the seventh consecutive month where the manufacturing sector expanded. Further, the overall economy grew for the 55th consecutive month, according to the nation’s top supply executives. Indicators of Manufacturing Growth These December ratings

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