Employee Benefit Plan Administrators: Top Pitfalls to Avoid This Year
3/01/2010
Recent investment scandals, the sharp decline of the market, corporate consolidations, and employee layoffs have led to a more focused look at the fiduciary responsibilities of employee benefit plan administrators and whether or not they are being carried out in accordance with the Employee Retirement Income Security Act of 1974 (ERISA).
In this article, "Employee Benefit Plan Administrators: Top Pitfalls to Avoid This Year," Evan Zuckerman, CPA, J.H. Cohn partner and director of the Firm's Employee Benefit Plans Industry Practice, examines the issues that may impact fiduciary responsibility, including:
- Plans in bankruptcy or merger
- Alternative investments
- Participant loans and hardship distributions
- Eligible compensation
- Timely remittance of employee contributions
- Partial termination
To read this article in its entirety,
click here.