TBC Information Network

Teal, Becker & Chiaramonte offering valuable insights, impressions and commentary on today's financial and business world.

The Department Of Labor Guidance On Locating Missing Participants

The Department of Labor (DOL) issued guidance and best practices on January 12, 2021 to pension plans in hopes that Plan Sponsors can locate missing participants.  The guidance provides various communication strategies and ways to search for missing participants.  The end goal is to have zero missing plan participants, which may be difficult to accomplish,… [keep reading…]

SAS No. 136: Upcoming Changes for Employee Benefit Plans

Auditing Standards No 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to the Employee Retirement Income Security Act of 1974 (ERISA), will be effective for audits ending after December 15, 2021. In a previous article, we discussed the upcoming changes to employee benefit plan financial statements in detail.  SAS… [keep reading…]

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