In This Issue: Understanding Your Audit: Why It Matters, How It Helps. How to Prepare for and Streamline a Payroll Audit
|
|
- Iris Wiggins
- 5 years ago
- Views:
Transcription
1 A workers compensation resource for State Fund policyholders 2010 Issue 1 In This Issue: Understanding Your Audit: Why It Matters, How It Helps How to Prepare for and Streamline a Payroll Audit File This: The Most Important Records You Need to Keep Your Audit in Four Easy Steps Special Rules for Office, Farm, and Construction Work Is It Payroll? Our Handy Chart Can Help State Fund Auditors Earn High Acclaim
2 Understanding Your Audit: Why It s Important, How It Helps A payroll audit is a routine, yet essential event in the life of your workers compensation insurance policy. All insurers are required to audit their policyholders. Some policies are audited every year, while smaller employers may be audited at less frequent intervals. To understand what an audit is all about, let s take a look at the considerations that determine the premium you pay. California s workers compensation system categorizes employees into more than 500 job-specific classifications. State Fund assigns each classification a rate reflecting the risk for that type of work. Your premium the price of your policy depends on three main factors: Your employees job classifications and the rates State Fund charges for them. Your employees earnings. Any premium modifications for which you qualify. We rely on a year-end audit to verify exact payroll and classification information for all employees. With this important audit information, State Fund then: Ensures that our policyholders are charged the correct premium for their policy term. When all policyholders pay the premium amount that accurately reflects their payroll and risk, it effectively levels the playing field for you and other businesses in your industry. Updates any details that may affect a policyholder s coverage and rates. When you first obtained your State Fund policy, we reviewed your operations and assigned certain job classifications. Your auditor will verify this information and make note of any changes to your operations, locations, ownership, or employees job duties. You may request a copy of the audit. Complies with important regulatory requirements of the WCIRB. The Workers Compensation Insurance Rating Bureau (WCIRB) collects insurer data on premiums and claims and uses this information for two purposes: (1) creating advisory rates, and (2) calculating your experience modification (if applicable), which is a premium-adjustment factor that statistically reflects your comparative safety record. This issue of COMPonents offers guidelines on how you can simplify and streamline the audit experience for your business. Whether or not you will face an audit in the next year, this newsletter will also help you understand some essentials of your workers compensation policy, including payroll reporting, job classifications, and record keeping.
3 Tips for Avoiding Large Discrepancies in Your Final Statement Here are some things you can do to avoid a large difference between your final audit-based premium and the amount you paid during the policy year: Be precise. Report your payroll accurately, and check your math calculations. If you have an experience modification (ex-mod) printed on your payroll report, always multiply the percentage shown by the subtotal of your premium. If you think you have an ex-mod, but it is not shown on your payroll report, please contact us right away. Fix mistakes. If you find that you have made an error on a submitted payroll report, file a revised report. Mind your officers. Do not report the payroll of officers, partners, or owners who are excluded from coverage. If you have officers who are covered under your policy, you should include their names on your payroll report. Be aware of the minimum and maximum payroll thresholds for officers. Once an officer s earnings exceed the maximum threshold for a policy year, you should no longer calculate premium for that officer. Keep it real. If your operations or employee job duties change during the policy year, inform State Fund and adjust your payroll reporting accordingly. Attention, Construction Employers: Keep Rigorous Records If you are a construction employer, you know that California s dual-wage classification system may entitle you to lower premium rates for employees whose hourly wages are above certain thresholds. To qualify for these higher-wage, low-rate classes, you must follow a strict record-keeping standard: Keep daily time cards or time sheets and document start and stop times for all your employees. The Workers Compensation Insurance Rating Bureau (WCIRB) requires construction employers with dual-wage classifications to maintain records that show daily start and stop times, hours worked, job duties and type of work performed, and wage rates or salary earned. If you lack clear verifiable records of hours, duties, and wages, your State Fund auditor will assign all construction payroll to the applicable low-wage, high-rate classifications. By following the rules for documentation, you can save premium dollars and streamline the audit process. Wondering What to Classify as Payroll? Workers compensation premium is assessed on gross wages and other compensation as defined by law. This table (right) identifies whether or not a specific form of compensation is considered as payroll for premium calculation. Included as Payroll Sick, vacation, and holiday pay Bonuses and commissions Automobile allowances Regular overtime pay Shift differential pay Idle time or standby/on-call pay Meals and lodging in lieu of wages Certain pension/retirement plans: Employee s voluntary contributions to pension/retirement plan, made through regular payroll deductions. Not Included as Payroll Tips Reward for discovery or invention Auto value; auto expense reimbursement Overtime Excess pay* Severance pay Health and welfare paid by employer Meals and lodging expenses Certain pension/retirement/cafeteria plans: Employer contributions to pension/retirement plan, and salary reductions to fund the welfare or fringe benefit portion of a Section 125 cafeteria plan. *Overtime Excess (OTX): Total overtime compensation paid over and above the regular rate of pay, including increased pay for weekends, holidays, or hours worked beyond the standard number for the day or week.
4 4x4: Four Things to Know About Four Common Topics Clerical: Class 8810 This classification is for employees whose time is spent exclusively on clerical duties. Clerical employees must have no exposure to nonclerical business operations (that is, no handling of products or industrial equipment). Their work area must be physically separate from all nonclerical workspace. Their payroll may not be divided between Clerical and any other classification. Outside Sales: Class 8742 This classification is for salespersons whose work includes activity away from a main office. These employees must spend their workdays in sales or collection work and/or in on-premises clerical work. They must be physically separated from the business operative hazard (for example, industrial or construction work). Why Preventing Premium Fraud Matters for You Audits help make the workers compensation system fair by applying uniform standards to determine the correct policyholder premium. When employers knowingly provide false information to reduce their premium, that s fraud. Fraud distorts the system, and it may give illegal competitive advantages to dishonest parties and leave employees unprotected. At State Fund we work to root out fraud, including cases of misrepresented payroll or improper classifications. We do this work to ensure a level playing field for the vast majority of employers who play by the rules. Their payroll may not be divided between Outside Sales and any other classification. Corporate Officers Corporate officers (including partners and LLC managers and members) may choose to be covered (or not) when you obtain your policy. If they are excluded from coverage, you don t need to report their payroll. The payroll of covered officers is assigned to the classification that best describes their job duties. Their payroll may be placed in the Clerical or Outside Sales classes only if their duties meet the proper qualifications. If officers directly supervise any employee, their payroll is assigned to the classification supervised. Officer payroll is subject to a maximum and minimum figure. Your audit may make adjustments if an officer s actual payroll is above or below the thresholds. The officer maximum is $94,900 for the 2009 policy year and $97,500 for 2010; the minimum is $36,400 for the 2009 policy year and $37,700 for Farming You may allocate payroll among applicable classifications according to the kinds of commercial crops grown. Keep track of payroll accrued per crop. You may also elect to allocate total payroll on the basis of crop acreage. If employees sort and pack fruits and vegetables in a building, you must use a separate classification for this work and allocate payroll accordingly. The fair-market value of lodging provided to employees counts as payroll. Free Help for Policyholders If you have questions about audits, payroll reporting, or anything else concerning your State Fund policy, we would like to hear from you. Please call our Customer Service Center at (877) , and our workers compensation experts will be happy to help. If you are represented by a broker for your policy, you may also contact your broker for audit-related information.
5 Your Audit in Four Easy Steps How to Prepare for an Audit 1. Save the date. State Fund audits policies according to the guidelines of the Workers Compensation Insurance Rating Bureau (WCIRB). If your policy requires an audit, a State Fund auditor will contact you in writing to schedule an appointment at your location. Remember that an audit is routine and presents an opportunity to discuss any questions or concerns you have about workers compensation or your policy. After you set up an appointment, you should prepare your payroll records for the completed policy year. 2. Face to face. At the time of your audit appointment, the auditor will review your payroll records, your employees job duties, and your business operations and ownership. It is important that the owner of your business or a person with detailed knowledge of your operations is available to answer questions about the relevant details of your business. 3. That s a wrap. After your audit is finalized, State Fund generates a final premium statement on the basis of audited payroll, classification(s), rate(s), and any applicable premium modifications. This statement shows a summary of the audited payroll, your final calculated premium, and the premium you paid during the policy year. State Fund mails your final statement to you, with a bill for premium due, or with a refund if you paid excess premium during the year. 4. We hear you. If you have any questions about the audit results, you may contact your auditor and request a copy of the audit. You will be given every opportunity to document any areas of disagreement and to request a revision. Keep Good Records, and Keep in Touch You can help reduce the amount of time and material required during an audit by implementing a few basic organizational and communication practices. Submit accurate payroll reports throughout the policy year, using correct figures and classifications. Inform us during the policy year if your operations change or if you hire new employees who perform different tasks. Keep clear, accessible records, especially for payroll earned in dual-wage construction classifications and third-party projects involving a waiver of subrogation or Owner Controlled Insurance Policy (OCIP). Get Your Ducks (and Docs) in a Row We typically request certain records during an audit, including: Names and job titles of employees. State Quarterly Wage and Withholding Reports (DE 6 forms). Payroll journals. The Final Product: Your Audit s Contents Your State Fund auditor prepares a report documenting your operations and your payroll for the policy term. You may request a copy of the completed audit or, if you have access to State Fund Online, view an electronic copy. In your audit, you may see the following pages: 1. A summary showing your payroll for each classification, coverage periods, and total payroll. 2. A detailed breakdown of your employees payroll by classifications and periods. 3. Officer names, titles, coverage status, and payroll (if applicable). 4. A comparison of your audited payroll and the amounts you reported during the term. 5. A description of your operations and your employees job duties. 6. The auditor s notes and checklists. 7. Any changes that will modify your policy record (names, locations, classifications, etc.). State Fund payroll reports for the coverage period being audited. 1099s issued. Certificates of insurance for independent contractors. Because the information needed for each audit can vary, your auditor may ask you to make other records available. These may include check registers, cash disbursement journals, bonus and commission ledgers, time cards, job cost records, profit-sharing reports, prevailing-wage determination sheets, and federal and state tax forms.
6 State Fund s Auditors Earn High Acclaim You might be interested to know that State Fund s audit work gets audited too. The Workers Compensation Insurance Rating Bureau (WCIRB) continuously audits the performance of State Fund and other insurers to make sure that employer audits are meeting its standards for accuracy and compliance. Recently, the WCIRB gave State Fund a superior grade for our audit results over the previous year and awarded us a two-year exemption from its test audit program. This rating represents a vote of confidence in our audit staff s professionalism. Our experienced field auditors understand businesses across many industries. They will work with you to ensure that your audit experience is as straightforward and expeditious as possible. Your audit is also reviewed by audit analysts who check for accuracy, providing an extra layer of assurance that other carriers may lack. All this expertise adds value to your workers compensation policy and supports our goal to provide you with the highest level of customer service. A U D I T S State Fund 2010 Issue 1 State Compensation Insurance Fund 1275 Market Street San Francisco, CA Address Service Requested Pu b l i s h e d b y S t a t e Co m p e n s a t i o n I n s u ra n ce Fu n d State Compensation Insurance Fund
Premium Audit Guide. What is a premium audit? Types of audits. Payroll as a premium basis. Information requested at time of audit
Premium Audit Guide What is a premium audit? The purpose of a premium audit is to verify information necessary to calculate an insured s final premium for a specific policy term. When a policy is initially
More informationYour Payroll. At Work for You. What s Reportable? What s Not? copperpoint.com
Your Payroll What s Reportable? What s Not? copperpoint.com At Work for You Determining Your Premium Premiums are based on the amount of money or money substitutes you pay or are payable to your workers
More informationFrankly speaking, your annual audit doesn t have to be as confusing as it sounds.
Frankly speaking, your annual audit doesn t have to be as confusing as it sounds. Our Premium Audit Guide is here to help. Table of Contents Introduction Types of Audits Workers Compensation General Liability
More informationTHE PREMIUM AUDIT PROCESS
THE PREMIUM AUDIT PROCESS TOPICS COVERED What is a Premium Audit? When is an audit performed? What types of audits are conducted? How do I prepare for my audit? What records will I need? Certificates of
More informationPayroll Management Edition. Steven M. Bragg
Payroll Management 2018 Edition Steven M. Bragg Chapter 1 Payroll Management... 1 Learning Objectives... 1 Introduction... 1 Payroll Cycle Duration... 1 Streamlined Timekeeping... 3 Electronic Payments...
More informationChapter 5 Eligible Earnings
IN THIS CHAPTER: PERA-Eligible Salary Compensation that is not Salary Closer Look at Some Types of Pay Workers Compensation Payments Pay while on Personal, Parental or Military Leave Members on Paid Medical
More informationWorkers Compensation Program
Workers Compensation Program Colorado Special Districts Property & Liability Pool has created its own workers compensation pool. The special districts now have a more competitive option compared to the
More informationPAYROLL REPORTING INSTRUCTIONS & ANNUAL PREMIUM AUDIT INFORMATION
PAYROLL REPORTING INSTRUCTIONS & ANNUAL PREMIUM AUDIT INFORMATION 2018 TABLE OF CONTENTS A. GENERAL NCCI CLASSIFICATION CODE DEFINITIONS B. PAYROLL REPORTING 1. LIMITS/RULES FOR OFFICERS, OWNERS, PARTNERS
More informationPREMIUM BASIS ENDORSEMENT
Policy Number: THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. PREMIUM BASIS ENDORSEMENT This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE
More informationPremium Audit: A Quick Overview
Premium Audit: A Quick Overview Premium Audit Staff Marcus L. Watson - Premium Audit Technical Advisor Jessicah Matshe Premium Auditor SAIF CORPORATION October 19, 2016 Page 2 Why, What, Who, Where & When
More informationDual Classification By Wage Level Study Governing Committee Meeting August 15, 2012
W o r k e r s C o m p e n s a t i o n I n s u r a n c e R a t i n g B u r e a u o f C a l i f o r n i a Dual Classification By Wage Level Study Governing Committee Meeting August 15, 2012 WCIRBCalifornia
More informationTEAMHEALTH 401(K) PLAN SUMMARY PLAN DESCRIPTION
TEAMHEALTH 401(K) PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1 ARTICLE I PARTICIPATION IN THE
More informationGeneral Rules July 1, 2015 Edition
General Rules July 1, 2015 Edition I. GENERAL 3 A. Underwriting 3 B. Effective Dates 3 II. DEFINITIONS 3-4 A. Workers' Compensation & Occupational Disease 3 B. Montana State Compensation Insurance Fund
More informationYOUR PREMIUM AUDIT MADE EASY. Reinsuring Minnesota Workers Compensation Since 1979
YOUR Reinsuring Minnesota Workers Compensation Since 1979 400 Robert Street North, Suite 1700 Saint Paul, MN 55101-2026 651-293-0999 wcra@wcra.biz www.wcra.biz PREMIUM AUDIT MADE EASY At the WCRA, we want
More informationMISSOURI INTERGOVERNMENTAL RISK MANAGEMENT ASSOCIATION PAYROLL VERIFICATION PROGRAM
MISSOURI INTERGOVERNMENTAL RISK MANAGEMENT ASSOCIATION PAYROLL VERIFICATION PROGRAM Verification of reported member city payrolls is vital to the financial integrity of the association. As set forth under
More informationBEACON LIGHT BEHAVIORAL HEALTH SYSTEMS RETIREMENT PLAN SUMMARY PLAN DESCRIPTION
BEACON LIGHT BEHAVIORAL HEALTH SYSTEMS RETIREMENT PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What information does this Summary Plan Description provide?... 1 ARTICLE I PARTICIPATION
More informationGeneral Report Requirements
For policies with new or renewal effective dates of July 1, 2018 to July 1, 2019. Please Read These Instructions Carefully Before Completing Your Payroll Report You must complete and return the enclosed
More informationUNDERWRITING MANUAL JULY 1, 2009 EDITION
UNDERWRITING MANUAL JULY 1, 2009 EDITION with revisions through 6/30/09 Portions copyrighted National Council on Compensation Insurance, Inc. Reprinted with permission. Underwriting Manual July 1, 2009
More informationInformation Regarding Your Workers Compensation Policy
The Beacon Mutual Insurance Company Information Regarding Your Workers Compensation Policy Thank you for choosing The Beacon Mutual Insurance Company As your workers compensation insurer, we look forward
More informationWORKERS COMPENSATION and EMPLOYERS LIABILITY INSURANCE
Basic Manual for WORKERS COMPENSATION and EMPLOYERS LIABILITY INSURANCE 2011 Edition Michigan Workers Compensation Placement Facility P.O. Box 3337 Livonia, Michigan 48151 3337 BASIC MANUAL FOR WORKERS
More informationSetting up pays in-house payroll
Quick lesson For more information, see Help > Contents > Payroll > Processing payroll in-house. Setting up pays in-house payroll Goal: Learn how to set up and use different types of pay, which are called
More information2017 Year-end OptRight Customer Guide
October 2017 Business Payroll Services 2017 Year-end OptRight Customer Guide 2017 Wells Fargo Bank N.A. All rights reserved. Member FDIC. Making it easier to prepare for your year-end payroll needs This
More informationKELC 401(K) SAVINGS PLAN SUMMARY PLAN DESCRIPTION
KELC 401(K) SAVINGS PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1 ARTICLE I PARTICIPATION IN
More informationSample Fiscal Policies & Procedures Manual
Sample Fiscal Policies & Procedures Manual Legal Disclaimer Please note that TREC does not provide legal advice. This sample Fiscal Policies and Procedures Manual discusses a topic of general interest
More informationHiring a Farm Employee in New Hampshire: Tax and Paperwork Checklist
Hiring a Farm Employee in New Hampshire: Tax and Paperwork Checklist LAST UPDATED: September 16, 2016 FIRST PUBLISHED: September 16, 2016 By: Rachel Armstrong Executive Director and Attorney, Farm Commons
More information1099 vs. W2 1/30/ vs. W 2. Classifying Independent Contractors and Employees
1099 vs. W2 Classifying Independent Contractors and Employees February 23, 2019 1099 vs. W 2 In this webinar we will discuss the classification criteria used to identify an individual/worker as an independent
More informationUnderstanding Insurance Requirements Disadvantaged Business Enterprise (DBE) Supportive Services Program
Understanding Insurance Requirements Disadvantaged Business Enterprise (DBE) Supportive Services Program The contents of this training course reflect the views of the author who is responsible for the
More informationGeneral Approach to Classifying a Business
W o r k e r s C o m p e n s a t i o n I n s u r a n c e R a t i n g B u r e a u o f C a l i f o r n i a General Approach to Classifying a Business Presented by the WCIRB and IIABCal Notice The information
More informationOverview. How many Town Accountant's come across payroll issues?
Eric Kinsherf, CPA Introduction There are a variety of payroll related issues that are encountered by the Town Accountant The Town Accountant's role in the payroll is shared with the Treasurer Town Accountant
More informationWCIRBCalifornia. California Workers Compensation Experience Rating Overview
California Workers Compensation Experience Rating verview WCIRBCalifornia W R K E R S C M P E N S A T I N I N S U R A N C E R A T I N G B U R E A U C A L I R N I A 2010 Workers Compensation Insurance Rating
More informationAn Overview of the Mines Defined Contribution Plan (MDCP)
An Overview of the Mines Defined Contribution Plan (MDCP) 1 This document contains basic information about the Colorado School of Mines Defined Contribution Plan (MDCP). The document is provided to employees
More informationDIOCESE OF SACRAMENTO 403(B) PLAN SUMMARY OF PLAN PROVISIONS
DIOCESE OF SACRAMENTO 403(B) PLAN SUMMARY OF PLAN PROVISIONS TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN ARTICLE I PARTICIPATION IN THE PLAN How do I participate in the Plan?... 1 How is my service determined
More informationQuarterly Call for Fourth Quarter of Calendar Year 2012 (CA-QT-4Q12) Due Date: February 14, 2013
December 10, 2012 525 Market Street, Suite 800 San Francisco, CA 94105-2767 Voice 415.778.7008 www.wcirbonline.org escad@wcirbonline.org David M. Bellusci Senior Vice President and Chief Actuary To: Primary
More informationU.S. Department of Housing & Urban Development
U.S. Department of Housing & Urban Development OFFICE OF HOUSING COUNSELING Understanding Billing Methodologies Based on the Cost Principles Required by the Uniform Grant Guidance, 2 CFR Part 200, Subpart
More informationPreparing for an Internal Revenue Service Review for a Housing Authority
Preparing for an Internal Revenue Service Review for a Housing Authority Prepared by Urlaub & Co., PLLC, Certified Public Accountants (580) 332-4802 Presented by Ronald Urlaub, CPA 1 Objectives To understand
More informationPAYROLL DECLARATION FOR WORKERS COMPENSATION INSURANCE
Instructions for filling in a PAYROLL DECLARATION FOR WORKERS COMPENSATION INSURANCE 1.1.2016 It is important that you complete all information carefully, since it will be used to calculate the premiums
More informationQuarterly Call for Third Quarter of Calendar Year 2014 (CA-QT-3Q14) Due Date: October 31, 2014
September 8, 2014 525 Market Street, Suite 800 San Francisco, CA 94105-2767 Voice 415.777.0777 www.wcirb.com escad@wcirb.com David M. Bellusci Executive Vice President, COO & Chief Actuary To: Primary
More informationGUIDE TO IRC CONTRIBUTION LIMITS 2018
GUIDE TO IRC CONTRIBUTION LIMITS 2018 UNIVERSITY OF MICHIGAN BASIC RETIREMENT PLAN AND 403(B) SUPPLEMENTAL RETIREMENT ACCOUNT For new hires, voluntary participants in the Basic Retirement Plan and compulsory
More informationApplicant Income Guide
Applying for Affordable Housing: Applicant Income Guide ABOUT THIS GUIDE Your income is an important part of your affordable housing application. This guide shows you how your income is calculated for
More informationQuarterly Call for First Quarter of Calendar Year 2013 (CA-QT-1Q13) Due Date: May 7, 2013
February 1, 2013 525 Market Street, Suite 800 San Francisco, CA 94105-2767 Voice 415.778.7008 www.wcirbonline.org escad@wcirbonline.org David M. Bellusci Executive Vice President, COO & Chief Actuary To:
More information7.1 Introduction Web services (pspp.pensionsbc.ca) Payroll reporting Preparing your payroll report Non-payroll reports 22
Section Contents 7 Reporting 7.1 Introduction 3 7.2 Web services (pspp.pensionsbc.ca) 3 7.2.1 Resources available on the Employer Reporting home page 4 7.3 Payroll reporting 6 7.3.1 Pensionable salary
More informationWORLD ACCEPTANCE CORPORATION RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION
WORLD ACCEPTANCE CORPORATION RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?...
More informationBELMONT COUNTY BOARD OF COMMISSIONERS PERSONNEL POLICY MANUAL SECTION 5 CLASSIFICATION AND COMPENSATION
SECTION 5 CLASSIFICATION AND COMPENSATION 5.1 Compensation Plan 5.2 Overtime 5.3 Pay Period 5.4 Compensatory Time 5.5 Payroll Deductions 5.6 Retirement Plan and Deferred Compensation 5.7 Workers= Compensation
More informationAffordable Housing Program and Homeownership Set-aside Program. Income Calculation Guide
Affordable Housing Program and Homeownership Set-aside Program Income Calculation Guide Table of Contents Income Calculation Guidelines... 2 General Policy... 2 Income Calculation Workbook... 2 Income
More informationAffordable Housing Program and Homeownership Set-aside Program Income Calculation Guide
Affordable Housing Program and Homeownership Set-aside Program Income Calculation Guide 2019 Updated: February 12, 2019 Table of Contents Income Calculation Guidelines... 2 General Policy... 2 Income Calculation
More informationSummary Plan Description. of the MEIJER HOURLY PENSION PLAN
Summary Plan Description of the MEIJER HOURLY PENSION PLAN 2013 Team Members Working at Units in Michigan TO OUR TEAM MEMBERS Meijer, Meijer Stores Limited Partnership and Meijer Great Lakes Limited Partnership
More information2013 Year End Customer Guide
November 2013 Wells Fargo Business Payroll Services 2013 Year End Customer Guide 2013 Wells Fargo Bank N.A. All rights reserved. Member FDIC. Welcome to the 2013 year-end customer guide The 2013 year-end
More informationStrategies for Controlling your Cost of Risk
Strategies for Controlling your Cost of Risk 1 controlling cost of risk is a learning process 2 which direction will you go to control your cost of risk 3 understanding your industry is crucial to creating
More informationACCOUNTING POLICIES AND PROCEDURES MANUAL
ACCOUNTING POLICIES AND PROCEDURES MANUAL Accounting Policies and Procedures Manual Page 1 Table of Contents Introduction... 3 Division of Responsibilities... 4 Board of Directors... 4 Executive Director...
More informationAllstate 401(k) Savings Plan
Allstate 401(k) Savings Plan This Summary Plan Description (SPD) describes the principal provisions of the Allstate 401(k) Savings Plan (the Plan ), effective as of January 1, 2018, unless otherwise noted.
More informationnonprofit financial management (large) dashboard tool
YWCA USA Resource Library nonprofit financial management (large) dashboard tool An executive dashboard presents key performance tasks and indicators that staff and board leaders need to effectively drive
More informationNew York Employers Minimum Wage Increases and Other Reminders for the New Year
New York Employers Minimum Wage Increases and Other Reminders for the New Year By: Carolyn D. Richmond, Glenn S. Grindlinger & Gregg M. Kligman As we approach the end of the year, it is critical to remember
More informationTax Reform. Individuals: The new tax bill: the good, the not so good, the bad, and the ugly. Strand Boyce O Shaughnessy, CPAs, Inc.
Volume 11, Issue 1 January 2018 Strand Boyce O Shaughnessy, CPAs, Inc. Tax Reform The new tax bill: the good, the not so good, the bad, and the ugly. To say that December was an interesting month in the
More informationAllstate Retirement Plan Final Average Pay Benefit
Allstate Retirement Plan Final Average Pay Benefit This Summary Plan Description ( SPD ) describes the provisions of the Allstate Retirement Plan (the Plan ) in effect as of January 1, 2010, which relate
More informationKey to Profitability
Key to Profitability Understanding Indirect Cost Allocation Rates Sam Davidson President, GovConConsulting2013, LLC govconconsulting2013@gmail.com/703-303-2701 Do you REALLY know what your products or
More informationProposed 2019 Changes to Experience Rating
W o r k e r s C o m p e n s a t i o n I n s u r a n c e R a t i n g B u r e a u o f C a l i f o r n i a WCIRB Mod Talks Proposed 2019 Changes to Experience Rating The webinar will begin shortly. Notice
More informationMINNESOTA CONTRACTORS PREMIUM ADJUSTMENT PROGRAM
MINNESOTA CONTRACTORS PREMIUM ADJUSTMENT PROGRAM Minnesota Workers Compensation Insurers Association, Inc. MWCIA 7701 France Ave S Suite 450 Minneapolis, MN 55435 3203 Copyright 2016 Minnesota Workers
More informationLPL Financial (herein called the Policyholder)
In Consideration of the Application for this Policy made by The Lincoln National Life Insurance Company A Stock Company Home Office Location: Fort Wayne, Indiana Group Insurance Service Office: 8801 Indian
More informationWebinar 1 - Financial Management
Webinar 1 - Financial Management PRESENTER: Welcome to the webinar on the core principles of financial management, presented by the US Department of Housing and Urban Development. Many of the ideas we
More informationSPRINGS WINDOW FASHIONS 401(K) RETIREMENT PLAN SUMMARY PLAN DESCRIPTION
SPRINGS WINDOW FASHIONS 401(K) RETIREMENT PLAN SUMMARY PLAN DESCRIPTION January 1, 2016 TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?...
More informationMICHIGAN CONSERVATION DISTRICT UNIFORM ACCOUNTING PROCEDURES MANUAL REVISED TABLE OF CONTENTS TABLE OF CONTENTS...1 INTRODUCTION...
TABLE OF CONTENTS TABLE OF CONTENTS...1 INTRODUCTION...3 REQUIRED BASIC ACCOUNTING RECORDS...4 PART ONE...5 UNIFORM CHART OF ACCOUNTS...5 ACCOUNT STRUCTURE...6 ACTIVITIES...6 BALANCE SHEET ACCOUNTS...8
More informationUnderstanding Effective Salary
Understanding Effective Salary 1 The Community of Faith and the Benefits Plan Following a biblical understanding of sharing based on need, the Benefits Plan calls on the entire community of faith to contribute
More informationTHE HERRING IMPACT GROUP EMPLOYEES 401(K) PROFIT SHARING PLAN SUMMARY PLAN DESCRIPTION
THE HERRING IMPACT GROUP EMPLOYEES 401(K) PROFIT SHARING PLAN SUMMARY PLAN DESCRIPTION PPA Effective 01/01/2017 TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information
More informationDevelopment of year-end work plan Create the year-end team (e.g., Payroll, HR, IT, and Accounting) and focus on the following tasks:
Presentation topics > Development of year-end work plan > Management and completion of year-end tasks > Form W-4 compliance > Social Security number (SSN) verification > Form W-2 reporting > IRS Publication
More informationEmployee or Contractor?
May 2017 Employee or Contractor? How to Navigate Federal Tax Law for Employee Status An article by Gary T. Johnson, CPA, and Laurie J.S. Marson, CPA Audit / Tax / Advisory / Risk / Performance Smart decisions.
More informationThe Physical Agreement and Benefit Agreement each will have a four-year term of January 1, 2016 through December 31, 2019.
Robert Joga Senior Director and Chief Negotiator Labor Relations 375 North Wiget Lane Suite 130 Walnut Creek, CA 94598 Tel (925) 974-4461 Fax (925) 974-4245 November 1, 2016 Mr. Tom Dalzell, Business Manager
More informationPricing for Services
Pricing for Services 1. Introduction This aid discusses costing and pricing of services to assure that each job earns a reasonable profit. The figures used in the tables and examples do not reflect what
More informationYour Business Finances
ASi Simple Start tto Managing Your Business Finances A Guide to the Essentials QB_05/2005_01 Financial Management Essentials 1. Introduction to Financial Management 2. Why Accounts are Important 3. Using
More informationHope College Invest Plan
Table of Contents Introduction... 3 Important Information About the Plan... 4 Joining the Plan... 5 Contributions to the Plan... 7 Managing Your Account... 13 Ownership of Your Account (Vesting)... 15
More informationLabour cost index in the private sector Instructions for responding
Labour cost index in the private sector Instructions for responding Education Dear data recipient, The statistical data are returned through the electronic data collection system, which can be accessed
More informationPENNSYLVANIA COAL MINE WORKERS COMPENSATION MANUAL Effective: April 1, 2019 Section One Underwriting Rules Page 1 TABLE OF CONTENTS
Section One Underwriting Rules Page 1 TABLE OF CONTENTS --------------- UNDERWRITING RULES RULE I GENERAL A. Workers Compensation B. Standard Policy C. Endorsement Forms D. Endorsement Forms Section E.
More informationPreparing for your first 401(k) plan audit
Preparing for your first 401(k) plan audit 2017 2018 CONTENTS 02 INTRODUCTION 03 04 06 08 DOCUMENT GATHERING AND ORGANIZATION FIDUCIARY RESPONSIBILITY OPERATIONAL COMPLIANCE INTERNAL CONTROLS 11 FINANCIAL
More informationBoard Policy No
Board Policy No. 2015-16-6 Fiscal Policies and Procedures Handbook Created by: TABLE OF CONTENTS Overview... 1 Annual Financial Audit... 1 Purchasing... 2 Contracts... 2 Accounts Payable... 4 Bank Check
More informationPAYROLL SOURCE TABLE OF CONTENTS
PAYROLL SOURCE TABLE OF CONTENTS SECTION 1: THE EMPLOYER-EMPLOYEE RELATIONSHIP 1.1 Importance of the Determination... 1-2 1.2 Employee vs. Independent Contractor... 1-2 1.2-1 Common Law Test... 1-3 1.2-2
More informationEnclosed you will find the following information to help you prepare for year-end 2018:
Product Guide Dear Valued Deluxe Payroll Client, This guide has been designed to assist our clients through the year-end process and to meet critical deadlines. Our goal is to ensure an accurate and timely
More informationGetting Ready For Tax Season
Getting Ready For Tax Season Topics of Discussion Filing requirements Process overview Timing Records verification Cost basis reporting changes Scope of bivio program Tax loss harvesting Things to do before
More informationAchieving the Goal of Compliance with the Government Tax Laws
Achieving the Goal of Compliance with the Government Tax Laws How to Achieve the Goal Athlete Program: Schedule Practice Diet / Sleep Finance Officer Identify and Prioritize Issues Plan: Win Local Establish
More informationSUMMARY PLAN DESCRIPTION. UNITED SUPERMARKETS, L.L.C. 401(k) RETIREMENT AND SAVINGS PLAN
SUMMARY PLAN DESCRIPTION UNITED SUPERMARKETS, L.L.C. 401(k) RETIREMENT AND SAVINGS PLAN Updated as of November 23, 2011 Important Note This booklet is called a Summary Plan Description ( SPD ) and is intended
More informationCLIENT START-UP CHECKLIST
CLIENT START-UP CHECKLIST Adding clients to PayCycle is easy. The initial step is to organize all the necessary client information so it s ready to enter into PayCycle. Please note that you will need to
More informationAvoiding Audit Adjustments
Avoiding Audit Adjustments Aaron Crall, CPA Manager Higher Education & Nonprofit CliftonLarsonAllen Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC registered
More informationFiscal Management. Part 1 Recipient Share and Match Part 2 Everything Counts
Fiscal Management Part 1 Recipient Share and Match Part 2 Everything Counts William Kim, Grants Management Officer David Colangeli, Financial Management Specialist Administration for Community Living Office
More informationPartial Disability: Stay at Work/ Return to Work. Fact Sheet: Partial Disability: Stay at Work/Return to Work
Partial Disability: Stay at Work/ Return to Work Fact Sheet: Partial Disability: Stay at Work/Return to Work By authority of the Regents, University of California Human Resources, located in Oakland, administers
More informationWORKERS COMPENSATION INSURANCE PREMIUM DISPUTES By Arthur J. Levine, Esq., Ph.D., CPCU
WORKERS COMPENSATION INSURANCE PREMIUM DISPUTES By Arthur J. Levine, Esq., Ph.D., CPCU The following article, accompanied by a twenty-question test, appeared as Mandatory Continuing Legal Education (MCLE)
More informationGENERAL ACCOUNTING POLICIES AND PROCEDURES MANUAL
Los Angeles Leadership Academy 2670 Griffin Avenue, Los Angeles, CA 90031 Ph. 213.381.8484 www.laleadership.org GENERAL ACCOUNTING POLICIES AND PROCEDURES MANUAL ACCOUNTING POLICIES Board Approved 09/09/2015
More informationRALPH L. WADSWORTH CONSTRUCTION CO., INC. 401(K) PROFIT SHARING PLAN SUMMARY PLAN DESCRIPTION
RALPH L. WADSWORTH CONSTRUCTION CO., INC. 401(K) PROFIT SHARING PLAN SUMMARY PLAN DESCRIPTION Updated November 17, 2008 TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?...1 What information
More informationVolume Eleven, Issue Two February 2008
Volume Eleven, Issue Two February 2008 In This Issue Nuts and Bolts of Voluntary Life Insurance In this second issue of the McGraw Wentworth Benefit Advisor for 2008, we will discuss voluntary life plans.
More informationLEGENDS GAMING, LLC EMPLOYEES 401(K) PLAN SUMMARY PLAN DESCRIPTION
LEGENDS GAMING, LLC EMPLOYEES 401(K) PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1 ARTICLE I
More information1 Exam Prep Business and Finance Practice Test 5
1 Exam Prep Business and Finance Practice Test 5 1. According to Builder's Guide to Accounting, the most precise ratio used to judge whether the level of the inventory is correct for the volume of work
More informationCity of Cleveland Professional Services Contracts Reimbursables Policy 01/01/2014
City of Cleveland Professional Services Contracts Reimbursables Policy 01/01/2014 The following constitutes the City of Cleveland s Reimbursables policies to be used in the City s Professional Services
More informationFinance Chapter: Cost Recovery and Invoicing
Finance Chapter: Cost Recovery and Invoicing Last Revised: 2/2019 Table of Contents Definitions... 2 LPA Agreements and Cost Recovery... 3 100% Locally Funded Work in a Federal/State Project... 4 LPA Timekeeping
More informationREFERENCE MATERIALS: REGULATIONS, 29 CFR Parts 4, 516, 531, and 785
McNAMARA-O HARA SERVICE CONTRACT ACT COMPLIANCE GUIDE FOR U.S. POSTAL SERVICE MAIL HAULERS INDEX TO MAIL HAUL GUIDE REFERENCE MATERIALS: REGULATIONS, 29 CFR Parts 4, 516, 531, and 785 I Scope and Intent
More informationSiemens Pension Plan
Siemens Pension Plan Summary Plan Description including Summary of Material Modification The Summary Plan Description for the Siemens Pension Plan dated January 1, 2013, beginning after page 4, was modified
More informationVOLUME SUBMITTER ADOPTION AGREEMENT FOR THE DATAIR CASH OR DEFERRED PROFIT SHARING PLAN
VOLUME SUBMITTER ADOPTION AGREEMENT FOR THE DATAIR CASH OR DEFERRED PROFIT SHARING PLAN 12-001. VOLUME SUBMITTER ADOPTION AGREEMENT FOR THE DATAIR CASH OR DEFERRED PROFIT SHARING PLAN The DATAIR Cash or
More informationNorthwest Farm Credit Services Retirement Plan
Northwest Farm Credit Services Retirement Plan (formerly known as the AgAmerica District Defined Benefit Plan) Summary of Plan Provisions 2018 SUMMARY PLAN DESCRIPTION Northwest Farm Credit Services Retirement
More informationWINDSTREAM PENSION PLAN SUMMARY PLAN DESCRIPTION. (January 1, 2018 Iowa Hourly Version for CWA 7172 and IBEW 204)
WINDSTREAM PENSION PLAN SUMMARY PLAN DESCRIPTION ( Iowa Hourly Version for CWA 7172 and IBEW 204) Table of Contents Pension Plan at a Glance 1 Introduction 2 Contact Information 2 Eligibility 3 Enrollment
More informationCompensation - The Backbone of Retirement Plan Testing
Compensation - The Backbone of Retirement Plan Testing Robert M. Richter, J.D., LL.M. VP FIS Relius 3 Definitions 415 Compensation 415 limits Top-heavy minimums 414(s) Compensation Nondiscrimination testing
More informationBMA Payroll is designed to help you with payroll every step of the way.
Payroll 101: An Introduction to Payroll and Taxes As a new employer, you probably have questions about what it means to "do payroll." This document will provide you with an introduction to payroll processing
More informationAMENDMENT NO. 2 TO BE ATTACHED TO AND MADE PART OF GROUP POLICY NO.:
AMENDMENT NO. 2 TO BE ATTACHED TO AND MADE PART OF GROUP POLICY NO.: 000010226631 ISSUED TO: PHCA Administration LLC It is agreed that the above policy be replaced with the attached Policy, which is revised
More informationCHS/COMMUNITY HEALTH SYSTEMS, INC. STANDARD 401(K) PLAN SUMMARY PLAN DESCRIPTION JANUARY 1, 2014
CHS/COMMUNITY HEALTH SYSTEMS, INC. STANDARD 401(K) PLAN SUMMARY PLAN DESCRIPTION JANUARY 1, 2014 TABLE OF CONTENTS PAGE INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this
More informationIt is very important that you read this booklet carefully so that you understand how the Plans work.
To all Southern California Pipe Trades Trust Fund Participants: We are pleased to provide you with an updated set of summaries for your benefit funds. These include summaries for the Southern California
More information