Whether an employer wants to terminate its pension plan or streamline 401(k) management costs, tracking down older, missing or unresponsive participants is a complex challenge required under the federal Employee…
Recent Insights
Simplified Net Asset Classification and Reporting Ahead for Nonprofits
Major changes are ahead for the presentation of nonprofit financial statements, thanks to Accounting Standards Update (ASU) No. 2016-14, Presentation of Financial Statements of Not-for-Profit Entities. Unveiled in August 2016…
PCORI Fee Reminder: 2016 Fee Rates for Self-Insured Plans
Under the Affordable Care Act, employers that sponsor applicable self-insured health and welfare plans are required to pay an excise tax known as the PCORI fee by July 31 each…
ESOP 101: What is an ESOP and Is It Right for Your Business Succession Plan?
There are more than 6,700 employee stock ownership plans (ESOPs) across the country, which cover 14 million participants and hold assets of more than $1.3 trillion, according to the U.S….
The Nonprofit’s Guide to Tax-Smart International Giving
In the course of philanthropic business or collaborative efforts, nonprofits based in the U.S. may wind up donating funds to a foreign tax-exempt organization. Transnational donations are, by default, subject…