Do you know how your Employee Benefit Plan stacks up against the competition? Have you reviewed your plan with your Benefit Plan auditor?
We recently released the results of our Annual Employee Benefit Plan Benchmarking Report compiled by our Employee Benefit Plan Services Group. Find out what your peers are doing, with tips and tricks from our experts woven in.
For more information, or to download a copy of the report visit here.
Retaining talent in an ever-changing market can be a daunting task. With flexible work schedules, healthcare reform and other demands placed on the modern employee, providing a benefit package that is mutually beneficial to both you and them is paramount. In its second year, Aronson’s Employee Benefit Plan Survey is now available thru March 10, 2016. The final report based on the survey findings will help you to determine your strengths and weaknesses, and determine how your plan matches up against the competition. For more information about our Employee Benefit Group and to take the survey, visit here. Stay tuned for the report release in April and join us for our event on March 22, where we will give participants a sneak peak of this year’s survey findings. Visit here to register.
Earlier this year, Aronson released the results of our first annual “Employee Benefit Plan Benchmarking Survey”, a valuable tool for appraising your organization’s benefit plan strategies against those of other employers. If you haven’t downloaded it already, we encourage you to do so by clicking here.
Now that you are armed with that information, you might be wondering about the next steps for further improving your benefit plan strategies. Part of that process includes evaluating your plan auditors.
A 2015 report by the Department of Labor (DOL) indicated that 39% of employee benefit plans had “unacceptable – major” deficiencies, putting $653 billion and 22.5 million retirement plan participants at risk. The experts of Aronson’s Employee Benefit Plan Services Group have put together a comprehensive white paper that explores the results of the study and offers practical considerations for evaluating a benefit plan auditor. Download the “The DOL Audit Quality Study: Understanding & Avoiding the Risks of a Deficient Audit” white paper as a free resource to help you avoid the common pitfalls discussed in the DOL report.
For more information about Aronson’s audit and plan management services for employee benefit plans, please contact our Employee Benefit Plan Services Group at 301.231.6200.