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ERISA Employee Benefit Plan Audits

Is your company, union or non-profit facing an ERISA Employee Benefit Plan Audit? Contact Maria T. Arriola, our ERISA Employee Benefit Plan expert at 714-569-1000. Maria is in our  Santa Ana, California office.

Click here for more information about Maria T. Arriola. Click here for more information about our Pension Plan Audit services.

Pension Plan Audit

Does Your 401(k) Plan Need an Audit? A Closer Look at the 80-120 Rule

Generally speaking, 401(k) plans with fewer than 100 participants at the beginning of the plan year are considered small employee plans and eligible for the Small Plan Audit Waiver. However, the Department of Labor (DOL) has identified the range of 80 – 120 participants (at the beginning of the plan Read more…

By Maria Arriola, 5 months5 months ago
Erisa Plan Audit

The High Cost of 401(k) Plan Errors

Is YOUR Auditor Finding Them Before the DOL? The DOL (Department of Labor) works to make sure employees are treated fairly. Our job is to avoid having our clients undergo a DOL audit—especially a “bad” one. Prevention is always an excellent idea in the accounting world. And like the Scouts, Read more…

By Jessica Vasquez, 6 months6 months ago
Maria Arriola, CPA - 401K Pension Plan Audit expert - Los Angeles, Orange County, San Diego
Pension Plan Audit

The Importance of a Quality Benefit Plan Audit: Choosing a Qualified CPA Firm

A few weeks ago the Department of Labor (DOL) sent a letter to Plan Sponsors about the importance of selecting a qualified CPA firm to perform their upcoming ERISA employee benefit plan audits. Rest assured LSL CPAs & Business Advisors is a qualified CPA firm. As a member of the Read more…

By Maria Arriola, 5 years5 years ago
Maria Arriola, CPA - Pension Audits, ERISA
Pension Plan Audit

Tips to Review Your 401K Retirement Plan at Year End

As the end of the year is fast approaching it is a good time for retirement plan sponsors to review their retirement plans. Here are some tips retirement plan sponsors should consider: Verify All Qualified Participants This is a common error made by sponsors who forget to add their participants Read more…

By Maria Arriola, 5 years5 years ago
Maria Arriola, CPA - 401K Pension Plan Audit expert - Los Angeles, Orange County, San Diego
Pension Plan Audit

Changes in Fee Disclosure Reporting for Employer Sponsored 401(k) Plans

The Department of Labor (DOL) has provided more guidance for employer sponsored 401(k) participant fee disclosure reporting. In March 2015, the DOL issued a direct final ruling that changes certain rules regarding participant fee disclosures. The goal is to offer plan sponsors a little more time in providing participant level Read more…

By Maria Arriola, 6 years1 year ago
Maria Arriola, CPA - Pension Audits, ERISA
Pension Plan Audit

Fiduciary Responsibilities of Offering a 401 (k) Plan

Many companies offer their employees 401(k) Retirement Plans. What these companies do not realize is that they have the fiduciaries duties of administering, and managing the Plan, following the Plan document as well as controlling the Plan assets. Other fiduciary responsibilities employers should be aware of include: Bonding The Plan Read more…

By Maria Arriola, 6 years1 year ago
Pension Plan Audit

ERISA Requirements for Plan Fiduciaries

Does your Company sponsor a 401K plan? If the answer is yes, then you may not be aware of all the responsibilities that ERISA requires from plan fiduciaries. ERISA defines a fiduciary as a person who has discretionary authority or responsibility in plan administration. For example, did you know that Read more…

By Maria Arriola, 6 years1 year ago
Maria Arriola, CPA - Pension Audits, ERISA
Pension Plan Audit

How to Remedy Late Contributions to a 401k Plan

If your company has a pension plan you should be aware of late contribution rules. No matter the size of your plan or the number of plan participants, if you have employees contributing money to a pension plan you must follow have timely contributions of their money. Timely contributions are Read more…

By Maria Arriola, 7 years7 years ago
Bank Feeds, cloud, cloud accounting, small business
Pension Plan Audit

What to do if You Miss the Deadline for Filing Form 5500

Missing the final deadline for filing your Form 5500 is a common pitfall for plan administrators. The filing due date for a Form 5500 is seven months after the end of the plan year with an optional 2 ½ month extension, allowing 9 ½ months to file the final Form Read more…

By Maria Arriola, 8 years1 year ago
Maria Arriola, CPA - Pension Audits, ERISA
Pension Plan Audit

New ERISA Disclosure Requirements

The Department of Labor (DOL) has recently released new FINAL rules regarding the ERISA 408(b)(2). These disclosure rules become effective April 1, 2012. Service and fee disclosure regulations – ERISA Section 408(b)(2) applies to retirement plan service providers effective April 1, 2012. New 408(b)(2) Service Provider Disclosures: A description of the Read more…

By Maria Arriola, 9 years1 year ago

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So much has happened in the last several weeks reg So much has happened in the last several weeks regarding forgiveness for PPP Loan 1, applying for PPP Loan 2, and the tax impacts of the Stimulus Bill. Great news: The LSL PPP Team is here to unpack it all for you!
Join our webinar on January 21 @ 3:00 pm for what you need to know about applying for forgiveness on PPP Loan 1, qualifying for PPP Loan 2, The “big sleeper” in the Stimulus Package – the Employee Retention Credit, & more. Register now on our website at lslcpas.com/webinars
Merry Christmas Everyone! Good news, More Good New Merry Christmas Everyone! Good news, More Good News, and Even More Good News. On Monday night, December 21, 2020, Congress passed and sent to the President the 5,593 page Consolidated Appropriations Act [of] 2021. See what joys that brings for you on our website at lslcpas.com/articles
As of Tuesday, December 15, 2020, we still do not As of Tuesday, December 15, 2020, we still do not have the next stimulus bill. The most likely framework for a stimulus bill is the $908 billion “Gang of Eight” Bipartisan Emergency COVID Relief Act of 2020. Read our thoughts in the latest installment in our PPP loan forgiveness series on our website at lslcpas.com/articles
In tribute to National Brownie Day, LSL Partner, M In tribute to National Brownie Day, LSL Partner, Mike Mangold baked up a good lookin' batch! *apron not pictured* #nationalbrownieday
More relief for small businesses – this time fro More relief for small businesses – this time from the State of California! Learn more on how the executive order will impact your business plan on our website: www.lslcpas.com/articles
Whether you are a small, medium, or large business Whether you are a small, medium, or large business, your best friends come audit time are your internal controls and your processes (and, of course, the CPA who is performing the audit!). Go to our website for tips on what to expect from your CPA during your audit and how to prepare for it: lslcpas.com/articles
Tax planning right now comes with a lot of uncerta Tax planning right now comes with a lot of uncertainty, but starting to plan now helps lower some of that potential risk. Part THREE covers: PPP Loans, Required Minimum Distributions, and 401(k)s. Go to the link in our bio!
Tax planning for 2020: Most, but not all, of what Tax planning for 2020: Most, but not all, of what we are recommending is related to the changes in the laws caused by the pandemic. Part 2 of our tax planning series covers: The CARES Act, Net Operating Losses, and Cash Flow. Go to the link in our bio to read more.
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