Welcome to an ERISA sunscreen moment!
Here’s a sunscreen moment that can help you “bridge the gap between a cold wintry day and the promise of spring!”
As we know, Plans should obtain a service organization control report or “SOC1 Report” from their service providers annually to demonstrate that they are evaluating the internal controls of their service providers that relate to the Plan.
But what happens if the period Covered by the SOC1 Report is different from the Plan’s year-end?
Watch this quick video blog post, to find out!