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Key Employee Benefit Plan Internal Controls to Have in Place
PLANSPONSOR; free registration may be required Link to more items from this source
May 7, 2018
"[P]lan sponsors need to make sure hours reported are monitored and have a procedure in place for reviewing when participants become eligible for the plan.... For plans with automatic enrollment, sponsors should have procedures in place to make sure no one was missed.... Payroll departments should make sure payroll codes are created for the different uses of compensation.... Plan sponsors should also check vesting accuracy, even if calculated by the recordkeeper or third-party administrator (TPA)."

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