Trouble always comes in threes

One CPA outlines the top three issues employee benefit plan auditors discover

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By Kriste Naples-deangelo, CPA
April 15, 2011

As a professional who assists in conducting hundreds of employee benefit plan audits each year, I have seen everything and heard so many lame excuses for the errors that we find. Some infractions range from plans allowing participation to ineligible participants, to not allowing eligible participants to participate timely, or even at all. Although the list of mistakes plan sponsors make is a long one, there are three common errors noted during our audits

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