Articles & Publications

Understanding the 80-120 Participant Rule When it comes to determining the size of your employee benefit plan, nothing seems to cause more confusion among plan sponsors than the so-called “80-120 Participant Rule.” In general, Department of Labor (DOL) regulations. Read More >>

July 17, 2015 The Ohio Bureau of Workers Compensation (BWC) is transitioning to a prospective billing cycle effective with the start of their new fiscal year July 1, 2015.  “Prospective billing” is an insurance industry standard practice that will. Read More >>

As a business owner, your goal is to nurture and grow a successful company. But maybe your goal should be aiming for a successful and healthy company; because unfortunately, “successful” doesn’t always equal “healthy.” Yes, a successful business is. Read More >>

Our long-standing commitment to audit quality is more important than ever in light of the U.S. Department of Labor’s (DOL’s) recently issued Audit Quality Study. BMF been a member of the AICPA’s Employee Benefit Plan Audit Quality Center since. Read More >>

Selecting competent service providers and advisors is one of a plan sponsor’s most important responsibilities. But the responsibility doesn’t end there — the Department of Labor specifically tasks fiduciaries with periodically monitoring the activities of each service organization to. Read More >>

How is your business doing? More importantly, how do you know how it’s doing? Most business owners have a sense of how their company is performing, but relying on instinct doesn’t often translate to the bottom line. Without regular. Read More >>

Among the many tax extender provisions in the newly signed Tax Increase Prevention Act of 2014 (the “Act”) was a provision that could potentially affect multi-employer defined benefit pension plans, such as union plans or groups of companies sharing. Read More >>

On December 23, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards update No. 2014-18, Accounting for Identifiable Intangible Assets in a Business Combination. Previous U.S. GAAP regulations mandated that the acquirer of a business must identify and. Read More >>

After nearly 13 years of work, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) issued their converged standard on revenue recognition on May 28.  The objective of the new revenue standard is to provide a. Read More >>

The Internal Revenue Service (IRS or Service) recently issued guidance on how qualified retirement plans must treat the marriages of same-sex couples. The notice provides an effective date and retroactive effect for implementing the Windsor decision as well as. Read More >>