Insights from SRP | Strategic Retirement Partners: Change is Coming if Your Plan Uses a Limited Scope Audit The American Institute of Certified Public Accountants, Inc. (AICPA) issued a new statement in July changing the requirements for its members that perform retirement plan audits. Previously, if a large plan utilized the limited scope audit option, the auditor effectively could …
The following article, originally published on the Executive Compensation Blog by Attorney Michael S. Melbinger, is republished here with permission. Compensation Clawback Attempts Lead to Unintended Consequences Just back from another excellent CompensationStandards.com/NASPP* Annual Conference. Among the many new and interesting topics explored was an issue related to compensation clawbacks, which recently has been thrust into prominence. The …
The annual deadline for shareholders of most companies to submit proposals on executive compensation is December. With the 4th quarter approaching, this blog post by Attorney Michael S. Melbinger provides timely insights. Company Must Include in Proxy Shareholder Proposal Limiting Future Equity Grants Written by Michael Melbinger, first published on the Executive Compensation Blog, 7-16-2019. Proxy season is essentially over, …
Isler Dare Employee Benefits Update Re: IRS Updates Determination Letter Program and Revises Correction Procedures Under Employee Plans Compliance Resolution System (EPCRS) This employee benefits update (first published May 2019) is provided courtesy of Isler Dare PC (www.islerdare.com) and was written by Andrea I. O’Brien, Vi D. Nguyen, Jeanne Floyd, and Ashley F. Hedge. Recent Legal Developments for Employee Benefit …
This employee benefits update (first published May 2019) is provided courtesy of Isler Dare PC (www.islerdare.com) and was written by Andrea I. O’Brien, Vi D. Nguyen, Jeanne Floyd, and Ashley F. Hedge. Recent Legal Developments for Employee Benefit Plans Executive Summary Status of Association Health Plans: The Department of Labor will be appealing a federal court decision setting aside most …
Every company in the S&P 500 now has a woman on its board of directors. In July, Diane Morefield executive vice president and chief financial officer of real estate investment trust, CyrusOne joined the board of the Dallas-based, online car auction site, Copart. According to Equilar, a research firm that analyzes companies’ boards, women now make up 27% of all board …
Top 10 Trends in the Nonprofit Industry By Laurie De Armond and Adam B. Cole The nonprofit industry is anything but static. With numerous external factors influencing daily operations, we’ve compiled a list of what we see as the top ten trends impacting nonprofit organizations with input from Nonprofit Standards, our third annual benchmarking survey. 1. Navigating Political Uncertainty The current political …
The team of financial industry professionals at Fulcrum Partners executive benefits consulting knows that you and your company have unique and distinctive needs. With this in mind, we leverage our intellectual capital, experience, and broad multidisciplinary industry relationships for your organization’s success. We invite you to view our 7-step executive benefits consulting process by clicking through the slides below: …
Just when everyone thought there was nothing more to be said about the bailout issues of the subprime mortgage crisis (2007-2010), it’s back in the headlines. Some 23 former American International Group Inc (AIG) Financial Products (AIGFP) employees[i] have taken their old employer to court. At stake is more than $100 Million in deferred compensation the employees said was contractually …
Some of our updates at Deferred Compensation News are so popular, we just have to share them one more time… From our friends at Strategic Retirement Partners (SRP) Plan Sponsor Decisions: How Many Investment Options Should You Offer? Often a plan sponsor struggles with deciding how many investment options to offer in their retirement plans. While people generally like to have …