John Neville

John Neville
John's areas of expertise include individual and business tax returns, financial statement audits and reviews, accounting department support solutions, and Sarbanes Oxley internal controls testing.
Find me on:

Recent Posts

Remittance Schedules: How to Know and Meet your Deadlines

Part of offering a defined contribution plan, whether a 401(k) or a 403(b) plan, is making sure that the money participants contribute from their paycheck is deposited in their retirement account in a timely manner. While this might seem like a relatively minor and simple task in the scope of a plan sponsor’s fiduciary duties, the Department of Labor (DOL) views non-compliance with remittance rules as a major issue, and missing deadlines for deposits—even by a couple of days—can carry significant penalties.

Employee Benefit Plan Audits 101

Employee benefit plans have their own set of complex laws and regulations. But did you know that even small plans can be subject to audits?

Generally, if you have 100 eligible participants in your plan at the start of the year, your plan will require an audit. Note that this number includes all participants who are eligible—not just those who are enrolled.