Horror stories abound about companies who have selected the wrong ERP solutions or aren’t using all of the solution’s functionality, even though they paid for it. This is usually caused by companies not having a clear picture of their operations and goals.
Are You Ready for an Audit?
Several events can trigger a DOL or IRS audit, such as employee complaints or self-reporting under the annual submission of the Form 5500. Often times an audit is a random event, which is why you should always be prepared. Listed below are several key items typically requested in an initial letter sent by the IRS […]
Improper Handling of Hardship Distributions May Result in Significant Problems
These days, many plans are experiencing an uptick in the number of participant requests for hardship distributions. Much of this increased activity may be attributed to our prolonged and tepid economic recovery. As these requests are considered, you want to be sure not to act to the detriment of your plan. Improper handling of hardship […]
Recruit, Retain, Reward
Recruiting, retaining and rewarding key employees are not just goals of the largest companies in America—they are important to all companies. That’s why, in today’s environment, no plan sponsor can have a truly meaningful conversation about its total rewards package and retirement plan’s design without discussing non-qualified deferred compensation plans (NQDCPs). What is an NQDCP? […]
No Beneficiary Designation. Who Gets The Money?
According to a recent Wall Street Journal article, retirement plans and IRAs account for about 60 percent of the assets of U.S. households investing at least $100,000.¹ Both state and federal laws govern the disposition of these assets, and the results can be complicated, especially when the owner of the account has been divorced and […]
Why Manage Your Projects Online?
We are all creatures of habit and we don’t like change, however the outdated tools that were used in the past like Excel, Word, online spreadsheets, Outlook calendar appointments or Google Docs no longer work today. And, if you are still using these your competitors are going to separate themselves from you soon if they […]
Lee Roberts Selected to Present Keynote for National Audience
BerganKDV Sales Leader Lee Roberts Selected to Present Keynote for National Audience at the 2017 Independent Payroll Providers Association (IPPA) Sales & Marketing Conference February 20 – 22 in Las Vegas, Nevada. Growing up in a small business and entrepreneurially spirited family, Lee developed a quick understanding of the sacrifices business leaders endure and more […]
Meet a Wealth Advisor – Adam Heathcote, CFP
We were excited to recently catch up with Wealth Advisor, Adam Heathcote. Adam offices out of our St. Cloud location and enjoys helping clients feel secure in their retirement plans. On a day-to-day basis you can find Adam getting to know his clients by reviewing their financial plans, investments, insurance coverage and tax situation. 1. […]
A Deeper Dive into ASU 2016-14 Implementation Issues
Three of the nonprofit financial reporting areas–investment expenses, liquidity and availability disclosures and internal net asset designations–that will be impacted by the Financial Accounting Standards Board (FASB) ASU 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities are highlighted in this blog. As organizations look to implement ASU 2014-16 and meet its […]
January 2017 NMI
Below you will find information on the U.S. Non-Manufacturing Managers Index (NMI®). This information is intended for those looking for forward leading indicators of non-manufacturing health in the U.S. Non-Manufacturing Index Summaries NMI® at 56.5%, which is 0.1 percentage point lower than the seasonally adjusted December reading of 56.6% . Commodities down in price include […]
January 2017 PMI
Below you will find information on the U.S. manufacturing Purchasing Managers Index (PMI®). This forward leading information is intended for those that are manufacturers or do business with manufacturers. Domestic Manufacturing PMI® at 56%, up 1.5 percentage points from the seasonally adjusted December reading of 54.5%, indicating growth in manufacturing for the fifth consecutive month. […]