Weighing Costs and Benefits


ON THE RECORD
“We believe that overly detailed, lengthy disclosures on plan fees and costs may impair, rather than enhance, participants’ ability to make informed decisions regarding their participant-directed plan investments.”

Treasury Benefits Tax Counsel W. Thomas Reeder,
at the House Ways and Means Committee’s hearing
on retirement plan fees and expenses, Oct. 30.

Source: U.S. Department of the Treasury, www.treasury.gov.

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What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.