Data Point


$2.4 Trillion
Total assets of 401(k) plans at the end of 2005.
The average account balance increased 50%
from 1999 to $102,014. Sixty-eight percent of
assets were invested in equities.

Sources: Investment Company Institute/
Employee Benefit Research Institute.

NEWS

IRS sets start date for tax season

The IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.

PODCAST

Why CPAs can’t wait on automation tools

What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.