Compass
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Regional Vice President of Sales The Retirement Plan Company
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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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Bates & Company, Inc.
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Loss of Determination Letter Program Detrimental to Large Employers and Their Employees
The ERISA Industry Committee [ERIC] [Opinion] June 30, 2016 "Today's decision hurts everyone -- plan sponsors, employees, and their families -- and will have massive rippling effects throughout the benefits world.... 83% of respondents stated that their external auditor requested and used the IRS determination letter as proof of compliance with federal laws and regulations ... 76% of respondents confirmed there will be a significant increase in legal and audit costs ... 25% of respondents stated that audit and legal costs are paid by plan participants[.]" |
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