BDO Talks ERISA

Key Takeaways: [2:15] Erin does a quick recap of what they talked about in previous episode, Don’t You ‘SAS’ Me! Gut Check on SAS 136. [3:00] Joanne also does a recap on how SAS 136 was created and what problems it helps to solve.[4:20] What is the definition of a reportable finding? [6:10] Joanne and Erin share some of their real-world experiences with reportable findings. [9:30] Reportable findi...

Key Takeaways [2:50] A little bit about Venson and why he is so passionate about this field. [5:55] What’s going on with disclosures when it comes to healthcare plan services? [10:35] When can you use the self-service tool to provide disclosures? [11:25] What do we need to know about the No Surprises act? [15:05] What do health plans need to do to accommodate for this act? [17:00] Investing in pre...

Key Takeaways [3:10] Beth has a fun fact for Joanne, her work best friend! [5:15] There are two parts to an EBP audit. [7:00] What is a “process narrative” and what does it entail? [8:45] Joanne shares a couple of examples of what an audit looks like. [13:40] Let’s talk about SOC 1 reports Type I and Type II and how they’re defined. [19:25] What do you do when you get the qualified SOC report in y...

Key Takeaways [3:10] A little bit about Mike and his background in IT. [5:05] Employees can be an organization’s biggest risk when it comes to cybersecurity. [5:25] How has cybersecurity evolved over the years? [11:00] An organization needs to understand the types of assets that they have that criminals would be interested in getting their hands on. [12:25] What level of cyber risk are you willing...

Key Takeaways [2:00] A little bit about Margaret and what she does as a social worker. [4:00] Why are we talking about mental health on today’s episode? [6:55] How concerned should employers be about employee burnout and what can they do to better support their staff? [9:20] There has to be a culture of acceptance. [12:55] Employees are not comfortable asking for help. [15:35] Women are leaving th...

Key Takeaways: [2:35] A little bit about Michael and what he does for BDO Wealth Advisors. [4:45] What’s new in ESG investing? [6:40] Why is ESG important and how does it affect plan sponsors? [7:00] In a recent report, 56% of plan participants discuss it is very important to have ESG alternatives available to them. [7:45] Why is ESG different from other investment opportunities? [10:10] ESG is gr...

Key Takeaways: [1:35] Let’s talk about the SECURE Act and its long-term, part-time (LTPT) employees. [2:30] A little bit about Norma and her background. [3:45] Norma shares how the SECURE Act was created and why it’s important. [5:40] When do employees join the tax-qualified plans? [6:00] The new LTPT employee rule means it’s mandatory for plan sponsors. [8:25] Why is this rule important and why d...

Key Takeaways: [2:35] There’s a new auditing standard out! [3:15] Erin shares a little bit about herself and her career path. [6:00] Beth gives a quick brief on SAS-136. [7:30] Joanne breaks down the “Forming an Opinion and Reporting on Financial Statements” standard. [8:15] What plans does this auditing standard apply to? [8:40] How can you check if your plan is subject to ERISA or not? [9:00] Wh...

Key Takeaways: [1:10] What is the goal of BDO’S ERISA Center of Excellence? [2:00] Luanne shares her story and some of her responsibilities at BDO. [2:45] Our co-host Joanne, shares a little bit about herself. [3:35] We want to hear from you! Reach out and let us know what topics you’re interested in! [3:45] Beth introduces herself and shares a little bit about where she’s from. [5:15] To jump int...