Social Security “No-Match” Letters Are Back

The Social Security Administration (SSA) has resumed sending no-match letters to employers if an employee’s name and/or social security number does not match the SSA records. For years, the SSA sent no-match letters (referred to by the SSA as “Decentralized Correspondence” or “DECOR” notices) to employers. The SSA stopped sending…

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FASB May Expand Disclosure Requirements

The Financial Accounting Standards Board (FASB) is currently discussing an expanded disclosure requirement for those participating in a multiemployer pension or other post-retirement benefit plans. The proposed change, expected to be released later this year, will require employers to disclose any unfunded pension liability on its financial statements, and could…

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