Educational Podcast: Unraveling the Mysteries of Employee Benefit Plan Costs

Posted on August 15, 2018May 9, 2022

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Clients often ask “How much does my employee benefit plan cost, and how do costs relate to compliance and risks?” Plan costs are often buried and difficult for plan sponsors to truly figure out. In order to meet their fiduciary responsibilities, plan sponsors must ensure they “pay only reasonable plan expenses…” among other things. Plan sponsors take on substantial personal risks. As a decision-maker, you are a fiduciary, personally liable for the prudent management of someone else’s money. So, how can you best satisfy your legal obligations as a fiduciary?
AAFCPAs Wealth Management’s Kelli Grew, CFP®, Wealth Advisor and AAFCPAs’ Davide Villani, CPA, CGMA, Managing Director provide insight into how to identify plan expenses, comply with fiduciary responsibilities, and minimize risks.
This audio session was recorded live at AAFCPAs’ April 26^th, 2018 Annual Nonprofit Educational Seminar. Slides may be downloaded by clicking the link below:
Slides may be downloaded by clicking here. >>
Watch this video clip (1 min 36 sec) for a summary; and then download the full audio of the session recorded April 26^th, 2018 at AAFCPAs’ Annual Nonprofit Educational Seminar.

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About the Author

Davide Villani, CPA, CGMA

Davide is a leader of AAFCPAs’ specialized Employee Benefit Plan Audit & Consulting Practice with extensive expertise in ERISA standards. He provides meaningful audits, done efficiently by a dedicated employee benefit plan audit practice within a 300-person CPA & consulting firm, and with access as needed to the resources of PrimeGlobal, the 4th largest CPA firm network globally. He audits and advises plan sponsors on ERISA compliance requirements, including those associated with administering 401K, 403B, Defined Benefit, and Health & Welfare Plans. He provides proactive guidance to retirement plan fiduciaries, which helps to protect the financial integrity of employee benefit plans. He reviews the Form 5500 to confirm that investments reflect accurately in the financial information, and that you are operating the plan confidently in compliance with ERISA reporting and fiduciary requirements.