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NEW Whitepaper: Complimentary Plan Sponsor’s Guide to Retirement Plan Investments

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Inflation-Adjusted Figures Released for 2015


While everyone anxiously awaits the fate of popular tax extenders like bonus depreciation and the increased business expensing election, the IRS and the Social Security Administration have released various inflation-adjusted figures for 2015. While most figures will increase slightly in 2015, some, such as the annual gift exclusion, remain unchanged.

An Introduction to the Revenue Recognition 5-Step Process

Revenue Recognition

In May, the Financial Accounting Standards Board (FASB) issued FASB Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606). This has been the highly anticipated standard on revenue recognition that will supersede virtually all revenue recognition guidance currently found in U.S. generally accepted accounting principles (ASC 605, Revenue Recognition (Topic 605)). In addition to superseding Topic 605, Topic 606 will supersede virtually all industry specific guidance found throughout the Industry Topics of the FASB Codification.

Determining the Fair Value of Retirement Plan Investments – the FASB ASC 820 Fair Value Hierarchy

plan sponor's guide

Part 4 of 4: Plan Sponsor’s Guide to Retirement Plan Investments  

In this series to date, and in our more detailed and comprehensive whitepaper, we have discussed the responsibilities of retirement plan sponsors with a special focus on valuing and reporting on plan investments. To wrap up the series, we’re presenting a brief overview of how to determine fair value in accordance with Generally Accepted Accounting Principles (GAAP).

Do You Use Software Provided from the Cloud?

hosting arrangements

In August, the Financial Accounting Standards Board (FASB) issued another proposal under its Simplification Initiative to address how an entity should account for payments when it purchases the use of software hosted by a vendor (i.e. cloud computing arrangements). These arrangements are known as a "hosting arrangement," an example of which is the use of web-based Customer Relationship Management (CRM) software or any other web-based software.

Valuing Retirement Fund Investments

plan sponor's guide

Part 3 of 4: Plan Sponsor’s Guide to Retirement Plan Investments

A fundamental responsibility of a plan sponsor is to prove the values of the investments in the retirement plan.

If your plan is invested solely in assets with readily determinable fair values, such as mutual funds or marketable securities, you’ll typically obtain fair values from nationally recognized pricing services such as Interactive Data Corporation (IDC) or Bloomberg. However, if your plan invests in assets without readily determinable fair values, the reported values may be based on the best information available, which may or may not be fair value.

To obtain the fair value for alternative investments, a process should be developed to determine the reliability of the evidence obtained and when the use of specialists is needed.

There are three acceptable techniques that can be used to determine the fair value of an investment:

Retirement Plan Investment Types – 8 Alternative Investments


Part 2 of 4: Plan Sponsor’s Guide to Retirement Plan Investments

When it comes to structuring your plan’s investment portfolio, you are faced with a number of options for investment types, and then you have to select from a bewildering list of products, each of which has a different risk profile.

The Changing Role of the Professional Services CFO

The Changing Role of the Professional Services CFO3

On Oct. 16, 2014, Chris Schmidt, Director in CFO Publishing’s Research and Custom Content Group, and Bill Daisy, Managing Director at CBIZ Tofias, recorded a podcast where they discussed the changing role of Chief Financial Officers in professional services organizations. The discussion centered on key areas of increased involvement, including strategic planning, growth, human resources, communications and technology. In particular, CFOs are changing their approach to these four critical responsibilities:

Reporting Requirements for ERISA-Qualified Retirement Plans

Plan Sponor's Guide whitepaper CTA

Part 1 of 4: Plan Sponsor’s Guide to Retirement Plan Investments

Over the next several weeks, we’ll be presenting a series of four blog posts on various topics related to retirement plan investments, – based on our experience as employee benefit plan auditors for hundreds of plans in New England.

2015 Benefit Plan Limitations

benefit plan limitations resized 600

Taxpayers May Contribute up to $18,000 to 401(k) plans in 2015

The IRS recently announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2015. 

Survey Reveals 3 Top Financial and Performance Recommendations for Boston’s Architectural Firms

Arch Survey

Showing the way to achieving higher profits for architectural firms

CBIZ Tofias recently completed and published its 2014 Survey of Architectural Firms in Greater Boston. In a previous post, we published a number of benchmarks with a particular emphasis on highlighting historic highs for the billing multiple and profit per hour.

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