by Eric Powers | Dec 13, 2025 | Assurance
Missing ERISA plan documents can significantly increase costs and long-term risk for employers and plan sponsors. For example, a former employee or their heirs may file a claim for benefits they mistakenly believe are due. Here, the burden falls on the plan to provide...
by Eric Powers | Jul 30, 2025 | Assurance, Healthcare, Hospitality, Maritime, Nonprofit, Tax
Should employee benefit plans file information returns and extension requests electronically or submit paper forms in 2025? This is an important question that requires prompt, informed decision-making, especially since plan sponsors must request extensions before...
by Eric Powers | May 25, 2025 | Assurance, Healthcare, Hospitality, Maritime, Nonprofit
Maintaining compliance with fiduciary responsibilities is a primary task for plan sponsors. Yet mistakes occur, especially given the complexity of the Employee Retirement Income Security Act (ERISA) of 1974. When certain fiduciary breaches or prohibited transactions...
by Eric Powers | Jan 9, 2025 | Advisory, Assurance, Construction, Healthcare, Hospitality, Maritime, Nonprofit
With the new year here and a transition to a new administration in D.C, change is inevitable. However, there are new employee benefit plan changes taking effect in 2025 driven by existing laws such as the Employee Retirement Income Security Act of 1974 (ERISA) and the...
by Eric Powers | Oct 19, 2024 | Advisory, Tax
Employee turnover often triggers a wave of issues for a company and its human resources department. Even 401(k) retirement plans — one of the most sought-after employee benefits — can be impacted when a substantial number of employees are involuntarily terminated....
