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Form 5500 Revision Results in Less Plan Audits to be Performed

Beginning with the 2023 Form 5500 – Annual Return/Report of Employee Benefit Plan, fewer plans will require an audit due to the method for determining when a defined contribution plan (e.g. a 401(k) or 403(b) retirement plan) may file as a small plan being revised. Learn more.

Long-Term/Part-Time Employee Eligibility

The SECURE Act will soon allow part-time employees meeting specific hour requirements to participate in their company’s retirement plan. This requires an enormous amount of work to track part-time employee hours over consecutive years to meet requirements. Learn more.

Fidelity Bond Coverage Reminder

The Employee Retirement Income Security Act of 1974 (ERISA) requires that every person who handles plan assets to be bonded to protect the plan from losses due specifically to fraud or dishonesty. Read more.

How Charity Navigator and GuideStar Can Help Increase Donors

Donors like to be well-informed when making decisions on what nonprofit organizations to support. Click for a list of tips on how websites like CharityNavigator.org and Guidestar.org can help increase donors.

By |2023-03-27T15:35:03-04:00March 23rd, 2023|Articles, Not For Profit|0 Comments

Social Media and Online Donations – Risk Management Considerations

For many years, nonprofits received charitable donations through mail or in person delivery. In recent years, it has become more convenient to make donations to nonprofits online. Learn more about the risks related to online donations.

By |2023-03-23T18:01:09-04:00March 23rd, 2023|Articles, Not For Profit|0 Comments
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