Retirement Plans and the New SECURE 2.0 Act

by Denise Woods | Jan 11, 2023 | Employee Benefit Plan Audits

On December 29, 2022, Congress passed the long-awaited SECURE 2.0 Act of 2022 (SECURE 2.0 or the Act).  While SECURE 2.0 aims to make it easier for Americans to save and encourages small businesses to adopt retirement plans, it will also require plan sponsors to take...

9 Creative Ways to Increase Retirement Plan Participation

by Denise Woods | Nov 4, 2021 | Employee Benefit Plan Audits, Audit

Companies that offer retirement plans know how hard it is to incentivize people to take complete advantage of this benefit. The hesitancy could be due to a lack of financial education regarding the power of compound saving or the lack of sophistication regarding the...

5 Common Myths About Employee Benefit Plan Audits

by Denise Woods | Jan 30, 2019 | Employee Benefit Plan Audits, Audit

In my 23 years of auditing Employee Benefit Plans (EBPs), I have found there to be several misconceptions surrounding the EBP audit process. In this article, I would like to help clear the air in hopes of making this process more positive and productive for all...

401(k) Plans According to Millennials

by Denise Woods | Feb 28, 2018 | Audit, Employee Benefit Plan Audits

A fresh, new year always brings up resolutions. These hopes and dreams usually surround health, love and money (and follow with many questions). Some of the money questions you might be asking are: Do you know where your money is going and are you investing it wisely?...