ERISA Services, Inc.
EPIC Retirement Plan Services
Farmer & Betts, Inc.
Nicholas Pension Consultants
RTD Financial Advisors
Hochheiser Deutsch & Co, Inc.
Loren D. Stark Company
Plumbers Local Union No. 1 Benefit Funds
Kentucky Trust Company
Retirement Plan Consultants
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|How to Prevent Retirement Plan Fraud|
Meaden & Moore
Feb. 10, 2015
"The Internal Revenue Service (IRS) recently released the results of their Fraud Project, which was completed by the Employee Plans Compliance Unit (EPCU). Their project was based on Form 5500's that were filed and had indicated an actual Fraud Loss. Based on their reviews, the IRS determined two of the main contributing factors to fraud were weak internal controls and risky investments.... As a plan sponsor, it is a best practice to strengthen your controls surrounding plan operations to limit the potential risk of fraud.... Here are some best practices that the IRS noted in their project results."
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