Compliance July 16, 2013

IRS to Teach About Internal Controls

The Internal Revenue Service (IRS) is hosting a phone forum about good internal controls.
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Attendees will learn how effective internal controls are essential to preventing costly mistakes that could jeopardize a retirement plan’s tax-favored status.

During the forum, the agency will share the importance of good internal controls, provide examples of controls and show how they can prevent certain recurring errors. The IRS will also discuss how it evaluates the sufficiency of a plan’s internal controls during an audit.

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The phone forum is at 2:00 p.m. EDT on August 8.

More information is here.

Products July 16, 2013

UBA Makes Plan Document Solution Available

United Benefit Advisors (UBA) has named PLAN DOC Builder a Certified Solution for its more than 2,000 benefit professionals across 140 Partner Firms. 
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PLAN DOC Builder is a web-based solution that provides an easy and affordable way to generate Employee Retirement Income Security Act (ERISA)-required summary plan descriptions (SPDs) and wrap plan documents.

Key capabilities of PLAN DOC Builder include:

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  • Built-in guidance that allows quick completion;
  • Plan amendment features that keep users current and compliant;
  • Cloning that accelerates production of multiple plans;
  • Robust knowledge base; and
  • Ability to add unlimited users and clients.

Evaluation opportunities for PLAN DOC Builder include a free 15-day trial, personal demonstration, live webinar and compliance checklist.

United Benefit Advisors is an independent employee benefits advisory organization with more than 200 partner offices in 46 states, Canada and the United Kingdom. More information is at www.ubabenefits.com. 

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