Friendly Reminders

• Communicate now with service providers regarding information needed for the implementation of FAS 157.

• Request from the service providers the auditor’s year-end reporting package.

• Request and evaluate SAS 70 reports from all plan service providers.

• Form 11-K filing deadline is 180 days after the plan’s year end, generally June 29, 2009, for calendar year-end plans.

• Form 5500 filing deadline is 7 months after the plan’s year end, generally July 31, 2009, for calendar year-end plans. (An extension of 2-1/2 months may be requested.)

In Other News...
2009 Seminars. Our seminars calendar for 2009 keeps expanding--we just added "Financial Skills for Young Adults" and "Insure Your Future." Also, don't miss our popular Somerset Practical MBA Program, which includes a live webinar simulcast so those of you outside the Indianapolis area can participate. Please go online to see the schedule and register.

Somerset Client Satisfaction Survey. If you are a Somerset client, please take our survey concerning the services we have provided to you. Our goal is to improve our overall relationship and better serve you. Go to survey.

Newsletters. Somerset publishes a variety of newsletters in addition to Employee Benefit Plan News--such as Wherewithal, Tax Times, Wealth Management Bullets and several others. Please visit the Newsletters page of our web site to read the archives and sign up to have new issues delivered to your email inbox.

Employee Benefit Plan Commentator is provided by Somerset’s Employee Benefits Team for our clients and other interested persons upon request. For additional information on the issues discussed, please contact Yvette C. Ward, CPA. Since technical information is presented in generalized fashion, no final conclusion on these topics should be made without further review. 

These articles were written by and published herein with the permission from professionals of BDO Seidman, LLP.  Somerset is a member of the BDO Seidman Alliance, a nationwide association of independently owned accounting and consulting firms.