Top Plan Failures and Prevention Practices
Top Plan Failures: Failure to follow the terms of the plan document. Failure to update the plan document to reflect recent law changes. Failure to satisfy ADP/ACP testing requirements (exclude …
Accounting and Audit
Responsibilities and Common Risk Areas of Fiduciaries
Are you a Fiduciary? You might be and not even know it. The key factor in determining if the individual or entity is a fiduciary is whether they are exercising …
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Plan Eligibility Trends and Increasing Participation
The main reason employees participate in a benefit plan is to save for retirement. In a study conducted by Samet & Company, PC, based on employee benefit plans that were …
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Fee Arrangements – Put a Process in Place
Plan sponsor and participant disclosures have raised the awareness of plan fees. Are the fees being charged prudent and the amount reasonable in light of the service being provided? Is …
The Pros of Working at a Midsize Professional Services Firm
Samet’s Kristie DeLuca, CPA, acknowledges her admiration for the balanced, flexible, and collaborative work environment she experiences on a day-to-day basis working at a midsize accounting firm. To read more …
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