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Payment of Plan Expenses from Plan Assets: A Case Study
Posted by Diane Caron on Mon, Sep 28, 2015 @ 10:25 AM

Compliance with qualified retirement plan requirements can be difficult, particularly when evaluating whether plan assets can be used to cover the costs incurred by the plan.

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Topics: retirement plans, ERISA-Qualified Retirement Plans, Diane Caron, compliance

Are You a Retirement Plan Fiduciary?
Posted by Diane Caron on Wed, Aug 19, 2015 @ 02:00 PM

Much has been written lately about the Department of Labor’s (DOL) fiduciary rule proposal and what impact it will have on an investment advisor’s fiduciary status, but what about employees of the plan’s sponsoring organization who are fiduciaries? Do you know who meets the definition of fiduciary? Are your plan’s fiduciaries aware that they are fiduciaries? Do they know the responsibilities of a fiduciary? 

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Topics: retirement plans, ERISA-Qualified Retirement Plans, Diane Caron

Determining the Fair Value of Retirement Plan Investments – the FASB ASC 820 Fair Value Hierarchy
Posted by Larry Kaplan on Fri, Nov 21, 2014 @ 09:06 AM

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).

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Topics: Larry Kaplan, ERISA-Qualified Retirement Plans, Retirement Plan Investments

Valuing Retirement Fund Investments
Posted by Larry Kaplan on Fri, Nov 14, 2014 @ 09:34 AM

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:

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Topics: Larry Kaplan, ERISA-Qualified Retirement Plans, Retirement Plan Investments

Retirement Plan Investment Types – 8 Alternative Investments
Posted by Larry Kaplan on Fri, Nov 7, 2014 @ 09:27 AM

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.

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Topics: Larry Kaplan, ERISA-Qualified Retirement Plans, Retirement Plan Investments

Reporting Requirements for ERISA-Qualified Retirement Plans
Posted by Larry Kaplan on Fri, Oct 31, 2014 @ 10:39 AM

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.

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Topics: Larry Kaplan, ERISA-Qualified Retirement Plans, Retirement Plan Investments

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