NewswireToday - /newswire/ -
Chevy Chase, MD, United States, 2012/02/06 - Nolan Financial, a leading provider of custom design and administration services for non qualified deferred compensation plans, announced its non-qualified plan administration unit received an unqualified SSAE -16 report - NolanFinancial.com.
Nolan Financial Group announced that, for the sixth consecutive year, its non-qualified plan administration unit received an unqualified SSAE -16 report within the American Institute of Certified Public Accountants’ (AICPA) internationally recognized auditing standard known as SSAE - 16 (Standards for Attestation Engagements No. 16). The examination is conducted annually by independent outside auditors and tests the effectiveness of a company’s internal controls.
Nolan Financial’s receipt of an unqualified SSAE – 16 Report provides assurance to plan sponsors and their independent auditors of the effectiveness of Nolan Financial’s plan services control environment. This report eliminates the need for plan sponsors to incur the expense of testing these controls.
“The former SAS-70 Type II Reports we received were unqualified and each report since has been unqualified. It’s quite an accomplishment to have five SAS-70 Type II Reports with absolutely no exceptions and now our first SSAE – 16 Report with no exceptions,” said Michael E. Nolan, President and CEO of Nolan Financial. “Our ability to meet the strict standards required to receive an unqualified SSAE -16 Report reaffirms Nolan Financial’s ability to cost-effectively manage the complexities and mitigate the associated risks with recordkeeping for non-qualified deferred compensation plans. This extraordinary feat is a credit to the professional team we have maintained at Nolan Financial.”
About Nolan Financial
For more than twenty years, Nolan Financial (nolanfinancial.com) has specialized in the custom design, enrollment, funding and administration of non-qualified retirement plans for the benefit of the senior executives of mid to large size public, private and tax exempt organizations. Nolan Financial is a national practice with offices in Maryland, Pennsylvania, North Carolina and Texas and is affiliated with Lincoln Financial Advisors Corp.
Registered associates of Nolan Financial Group are registered representatives of Lincoln Financial Advisors Corp. Lincoln Financial Advisors does not offer legal or tax advice. Securities offered through Lincoln Financial Advisors Corp., a broker/dealer. Insurance offered through Lincoln affiliates and other fine companies. Branch Office: 2 Wisconsin Circle, Suite 810, Chevy Chase, MD 20815. CRN: 201201-2063112