Internal controls for employee benefit plans
With the compliance environment for employee benefit plans constantly changing and regulators focused more than ever on a plan's controls, it is imperative that plan sponsors have the proper procedures and controls in place. A plan document alone no longer constitutes evidence of established procedures. However, designing and implementing the proper controls is an essential – yet difficult – task.
RSM US LLP's benefit plan team have created a series of articles and webcasts to help plan sponsors navigate the issues surrounding internal controls for plans.
Below are links to RSM's employee benefit plan audit internal controls series articles and webcasts.
An examination of the most widespread internal controls mistakes and oversights committed by employers, and how to correct and prevent them.
The first in a series of articles on internal controls for employee benefit plans, focusing on compliance with government regulations.
Plan Document Maintenance
The second in a series of articles on internal controls for employee benefit plans, focusing on plan document maintenance.
A look at different types of employee benefit plan documents and a discussion of the various means of maintaining them.
Retirement plan operational compliance
The third in a series of articles on internal controls for employee benefit plans, focusing on plan operational compliance controls.
A discussion of operational compliance controls and the questions you need to consider when putting them together.
Party-in-interest transactions controls
The fourth in a series of articles on internal controls for employee benefit plans, focusing on party-in-interest transaction controls.
A conversation about what internal controls benefit plans should have in place around party-in-interest transactions.