Employee Matters

Guest Article: 3 Best Practices for Avoiding a Fiduciary Breach

Given the many lawsuits filed against retirement plan sponsors in recent years for breaching their fiduciary duties, here are the steps plan committees should be taking to mitigate risk. Lately the news cycle has been riddled with stories of retirement plan committees...

Safeguarding Retirement Plan Data: Navigating the Landscape of Data Privacy and Security in the Wake of the MOVEit Data Breach

In an era where technological advancements are rapidly transforming, the protection of participants data in your retirement plan is an increasing concern. The urgency of implementing robust data security measures has been underscored by recent events, such as the...

Defined Contribution Plan Audit Requirements: 2024 Update

For plan years beginning on or after January 1, 2023, The United States Department of Labor (DOL), Internal Revenue Service (IRS), and Pension Benefit Guaranty Corporation have announced changes to the form 5500 which impact the methodology for determining the size of...

How to Pick a Third-Party Administrator

A third-party administrator (TPA) significantly supports employee benefit plans. They offer various services that aid in managing and administering many processes of the plan and takes the burden of these tasks off of the employer, however they don’t alleviate...

Guest Article: Are Hidden Unemployment Costs Holding Your Nonprofit Back?

Unemployment expenses can present significant obstacles for nonprofits in New Jersey. Here are some key considerations that reveal the impact of some hidden costs: 1:) Loan Interest: The New Jersey Department of Labor (NJDOL) has temporarily paid off a federal...

Risk Transfer & Understanding NYS Labor Laws with SterlingRisk

Join our webinar with seasoned insurance professionals Josh Weisberg and Michael Fleischer of SterlingRisk.

NFP Update 2023 Part II Track A: Employee Benefits And HR Update

2023 Nonprofit Update Part II Track A Employee Benefits & HR Update Cerini & Associates, LLP, a leader in providing accounting, auditing, and consulting services to nonprofits, held their virtual 2023 annual Nonprofit Update conference on July 28, 2023. The world...

Guest Article: Ditching the Deductible: Cost Reductions through Creative “First-Dollar” Coverage

Plan design decisions impact costs for both employers and employees. Employers and their advisors can manipulate the levers of plan design to manage costs but these changes can also increase costs for participants, creating dissatisfaction and barriers to care. What...

Cerini Connection: Employee Benefits

February 2023 Cerini Connection Topic: Employee Benefits Ken Cerini and guest Ed Probst of Vanguard Benefits discussed: - Using Benefits to Attract & Retain Talent - Self-Insurance- Understanding the risks - Planning for rising healthcare costs. - Benefits Compliance-...

Guest Article: 2023 Retirement Plan Limits

2021 2022 2023 401(k)/403(b)/457(b) Elective Deferral Limit $19,500 $20,500 $22,500 Catch-up Contribution Limits:(for Plan Participants age 50 and older) 401(k)/403(b)/457(b) Plans $6,500 $6,500 $7,500 SIMPLE Plans $3,000 $3,000 $3,500 Traditional IRA/ROTH IRA $1,000...
Defined Contribution Plan Audit Requirements: 2024 Update

Defined Contribution Plan Audit Requirements: 2024 Update

For plan years beginning on or after January 1, 2023, The United States Department of Labor (DOL), Internal Revenue Service (IRS), and Pension Benefit Guaranty Corporation have announced changes to the form 5500 which impact the methodology for determining the size of...

read more
How to Pick a Third-Party Administrator

How to Pick a Third-Party Administrator

A third-party administrator (TPA) significantly supports employee benefit plans. They offer various services that aid in managing and administering many processes of the plan and takes the burden of these tasks off of the employer, however they don’t alleviate...

read more
Cerini Connection: Employee Benefits

Cerini Connection: Employee Benefits

February 2023 Cerini Connection Topic: Employee Benefits Ken Cerini and guest Ed Probst of Vanguard Benefits discussed: - Using Benefits to Attract & Retain Talent - Self-Insurance- Understanding the risks - Planning for rising healthcare costs. - Benefits Compliance-...

read more