Articles Written by Bond Beebe Professionals
“Benefit Basics: Reasons for a Payroll Audit”
Benefits Magazine, International Foundation of Employee Benefit Plans
Brookfield, Wisconsin, 2011
A payroll audit is an examination of the records of a contributing employer in a multi-employer plan to determine whether the employer has made the required contributions to the participating plan. This article is based on the chapter discussing payroll audits, written by Lawrence R. Beebe, in the Trustees Handbook, Seventh Edition.
“Trustee, Employee Compensation Reporting Demystified.”
Benefits Magazine, International Foundation of Employee Benefit Plans
Brookfield, Wisconsin, 2011
In certain circumstances, expenses paid to or on behalf of trustees and employees of a multiemployer plan must be reported on Schedule C of the plan’s annual Form 5500. This article describes how recent federal guidance impacts employee benefit plans.
“Two-Hat Issues for Trustees.”
Benefits & Compensation Digest, International Foundation of Employee Benefit Plans
Brookfield, Wisconsin, 2009
What is the two-hat issue or what some refer to as the two-hat dilemma? This article reviews the conflicts that many trustees experience and provides guidance for avoiding this dilemma and making ethical decisions.
“Frequently Asked Questions in Payroll Auditing.”
Benefits & Compensation Digest, International Foundation of Employee Benefit Plans
Brookfield, Wisconsin, 2008
In Payroll Auditing: A Guide for Multiemployer Plans, the authors discuss the “how-tos” of payroll auditing for multiemployer plans. The following excerpt from the International Foundation’s 2008 book addresses common questions about payroll auditing from employers, trustees and payroll auditors.
“Running Your Training Fund Like a Business.”
Benefits & Compensation Digest, International Foundation of Employee Benefit Plans
Brookfield, Wisconsin, 2008
A training fund is not a business; it has entirely different goals and objectives than a traditional business. What a training fund does have in common with a business, however, is that both should be run effectively and efficiently. This article offers guidelines for effective training fund management.
“Framing an Effective Fraud Policy.”
Benefits & Compensation Digest, International Foundation of Employee Benefit Plans
Brookfield, Wisconsin, 2007
This article summarizes the conclusions of a session at the 2006 International Foundation’s Fraud Prevention Institute and provides concrete suggestions for forming and successfully implementing an effective fraud policy.
Published Book
Payroll Auditing: A Guide for Multiemployer Plans
International Foundation of Employee Benefit Plans
Brookfield, Wisconsin, 2008.
Payroll auditing guidance is lacking for professionals working with employee benefit plans who are responsible for and who perform payroll audits. Best practices in payroll auditing, procedures and methodologies of performing an audit have not been given enough focus. This book helps trustees fulfill their fiduciary duties by understanding payroll audits. Payroll Auditing: A Guide for Multiemployer Plans is published by the International Foundation of Employee Benefit Plans and is available at its online bookstore.
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