Seven ways we help steer through complexity
We know that your plans' operations are carried out by many internal departments and third-party service providers, yet overall fiduciary responsibility lies with plan officers who are not necessarily involved in the plan's daily operations. We understand these complexities and can lead the way.
An employee benefit plan audit must do more than substantiate financial statements; it must also address plan operations including helping to assess whether the plan is operating according to the plan document and amendments.
Eighty percent of employers surveyed say competitive bidding for plan vendors is effective.
Certain employers who sponsor self-insured health plans must pay a new fee by July 31.
Avoid the three situations in which an employer might face a penalty tax.
National Practice Leader, Employee Benefit Plans
Location: Chicago, IL
Partner, National Professional Standards Group; Partner, Employee Benefit Plan Audit
Location: Oakbrook Terrace, IL
See more at: http://www.grantthornton.com/services/audit-services/employee-benefit-plan-audits