Jacksonville Business Recently Hit By Cyber Theft

Posted June 25, 2009

A local, Jacksonville-based business, with no overseas operations, was recently targeted by cyber thieves located in Russia. The thieves initiated unauthorized Automated Clearing House (ACH) transfers of funds directly out of the company’s business checking account from a local, Jacksonville bank.

 

Click here to download this important LBA Alert to learn more.

 

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How Soon Must An Employer Transmit Salary
Deferrals To The 401(k) Plan After They Have Been Withheld From Employees’ Pay?

Posted June 8, 2009

When auditing a 401(k) plan, the DOL reviews the employer’s deposit pattern. The regulations provide a seven business day safe harbor for deposit of employee contributions to the trust for small plans (i.e., plans with fewer than 100 participants). In short, employee contributions are deposited on time when deposited to the trust within seven business days after the payroll period.

Click here to download this important LBA Alert to learn more.