August 10, 2020 Financial Reporting for Nonprofits That Have Teamed Up Not-for-profits sometimes team up with other entities to boost efficiency, save money and better serve both organizations’ constituencies. This can … Read More
August 4, 2020 Allowable Plan Expenses: Can the Plan Pay? The payment of expenses by an ERISA plan (401(k), defined benefit plan, money purchase plan, etc.) out of plan assets … Read More
August 4, 2020 Collective Investment Trusts – The Fastest Growing Investment Vehicle Within 401(k) Plans For almost a century, collective investment trusts (CITs) have played an important role in the markets. They were originally introduced … Read More
August 3, 2020 It’s That Time Again! Back-to-School for Fiduciaries Can you hear the bells ringing? It’s that time of year to review your to-do list of fiduciary responsibilities. Ask … Read More
July 30, 2020 Participant Corner: Good Health is the Best Wealth This month’s employee memo encourages employees to make small lifestyle changes to reduce their out-of-pocket health costs. Believe it or … Read More
July 29, 2020 What Constitutes Proper Documentation of Retirement Plan Committee Meetings? With most retirement plans, the fiduciary responsibility of selecting and monitoring the plan’s menu of investments is designated to a … Read More
July 29, 2020 Why You Need to Communicate with Employees Businesses understand how vital it is for employees to understand retirement options and are increasingly including employee education in fiduciary … Read More
July 29, 2020 Are Scholarships Tax-Free or Taxable? COVID-19 is changing the landscape for many schools this fall. But many children and young adults are going back, even … Read More
July 29, 2020 Drive Success With Dashboard Reports Timely, relevant financial data is critical to managing a business in today’s unprecedented conditions. Similar to the control panel in … Read More
July 29, 2020 Main Street Lending Program Now Open to Nonprofit Applicants Last week, the Federal Reserve announced that not-for-profit organizations now may apply for loans under the $600 billion Main Street Lending … Read More
July 28, 2020 Take Advantage of A “Stepped-Up Basis” When You Inherit Property If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for … Read More
July 28, 2020 External Audits Offer Many Benefits to Nonprofits Your nonprofit organization may be required to hire an independent outside CPA to audit its books, depending on its annual … Read More
