Frank R. Fico, CPA, CFE, is a principal in the Audit Department at MBAF. He started in the public accounting profession since 1988. He joined the firm in 2004 and was elected to partnership in 2010.
Frank has extensive experience in performing audits and providing related services with a focus on real estate, financial services clients and employee benefit plans. He plans and supervises all phases of the audit, including preparation of the financial statements and reports to management, as well as compliance with regulatory requirements when necessary. In addition, he is responsible for the day-to-day supervision and training of the audit staff, and for ensuring compliance with financial and accounting policies, and business tax return preparation.
He works closely with other partners whose expertise is in real estate and construction by coordinating the audit and tax compliance engagements for the firm’s clients. In addition to the traditional audit and tax services rendered to residential and commercial properties, Frank’s expertise includes due diligence projects such as acquisition studies and lease escalation analyses as well as servicing hedge fund clients and their management companies.
- American Institute of Certified Public Accountants
- New York State Society of Certified Public Accountants
- Association of Certified Fraud Examiners
- Iona College – Bachelor of Science in Accounting
Among the retirement plans that small businesses can offer to their workers are employee stock ownership plans (ESOPs). As the title indicates, an ESOP is a process for transferring ownership of the company to employees. How does that work as a retir ...Explore
Among employer-sponsored retirement plans, 401(k)s have become the standard. Some prospective employees assume that a job will come with a 401(k). Therefore, offering a 401(k) at your company may help you hire desired workers, and help you retain val ...Explore
According to Morningstar, target-date funds (TDFs) attracted nearly $70 billion in 2015. Another research firm, Cerulli Associates, has predicted that 88% of new 401(k) contributions will go into TDFs by the end of 2019. As this market expands, new v ...Explore
Many workers value employer sponsored 401(k) retirement plans. Consequently, offering a 401(k) may help a small company attract and retain high-quality employees. Offering a standard 401(k) plan can involve considerable administrative time and expe ...Explore