The importance of internal controls for employee benefit plans
What controls does your plan need?
RECORDED WEBCAST |
The compliance environment for employee benefit plans is constantly changing, so the need for plans to recognize the necessary controls and to design and implement the proper controls is an essential – yet difficult – task. A plan document alone no longer constitutes evidence of established procedures.
For employee benefit plans, the issue is defining internal controls, since much of a plan’s operation is outsourced to other service providers.
Our recent paper on why internal controls are important to benefit plans, IRS focuses on retirement plan internal controls, the first in a series of papers looking at internal controls for employee benefit plans, outlines some of the common controls required for plan documentation.
To learn more about internal controls for benefit plans, tune in to our upcoming webcast on this topic March 5.
Featured speakers from RSM US LLP:
- John Nicolopoulos, Partner, National Employee Benefit Plan Practice Leader
- Becky Miller, Director, National Professional Standards Group