Situation: During an annual health and welfare fund audit, our team identified several large claims that had not received stop-loss insurance reimbursement. Solution: We alerted the fund administrator and trustee and advised them to partner with their benefits consultant to pursue potential recovery. Impact: Following the insurer’s review, the fund recovered $1.06 million in reimbursements […]
Situation: A plan sponsor learned in late August that an employee benefit plan audit was required before the October 15 filing deadline. Solution: Tronconi Segarra & Associates coordinated an accelerated audit and identified an approximately $300,000 prior-year misstatement in employer contributions. Impact: The audit was completed in time for the filing deadline, and the misstatement […]
Situation: A professional services company needed help correcting past problems with its 401(k) plan and improving ongoing administration. Solution: Our retirement plan professionals helped address the outstanding matters and implement improved processes designed to prevent similar issues. Impact: The company corrected past administrative problems and gained access to responsive guidance as new questions arose, helping […]