by cpaadmin | Apr 15, 2024 | 401k Audit Firm, 401k Audit Oversight, Auditor, How to choose an auditor, Preparing for a 401(k) audit
Hiring a 401(k) plan auditing firm is an important decision. Here’s how to ensure that you choose the right auditor for your next benefit plan audit. Did you know that auditors get audited too? I know… Why should I care? Because: The Department of Labor’s findings can...
by cpaadmin | Oct 15, 2023 | 401k Audit Firm, 401k Audit Oversight, 401k Plan Audit, Auditor, How to choose an auditor, Plan Sponsors, Virtual Audits
Wondering how to choose the right 401(k) plan auditor for your organization? Here’s what to look for—and avoid—in selecting your auditing firm. If your company’s 401(k) plan is considered “large,” you must have an independent firm audit your plan’s financial...
by cpaadmin | Sep 15, 2023 | 401k Audit Firm, 401k Communication, Auditor, Fiduciary, Plan Sponsors
There are many service providers on your 401(k) plan team. Here’s what their roles are and what to expect from each of them. To keep your 401(k) plan sustainable, successful, and compliant with IRS and Department of Labor regulations, it’s important to know who’s who,...
by cpaadmin | May 15, 2023 | 401k Audit Firm, 401k Audit Time, 401k Communication, 401k Plan Audit, Audit Procedures, Auditor, How to choose an auditor, Plan Sponsors
Plan sponsors and advisors, building a relationship with your 401k or benefits plan auditor is better than any questionnaire. Here’s why. No matter if you’re a 401(k) plan sponsor or advisor, you know your decisions have a major impact on plan administration and...
by cpaadmin | Jan 17, 2022 | 401k Audit Firm, 401k Compliance, 401k Plan Audit, Audit Insights, Audit Procedures, Auditor, Plan Sponsors, Retirement Plan, SAS 136
Your independent auditor has always adhered to auditing standards established by The Audit Standards Board of the American Institute of Certified Public Accountants (AICPA). This year, new standards will be implemented for your employee benefit plan audit. In July of...
by cpaadmin | Dec 16, 2021 | 401k Audit Firm, 401k Plan Audit, 401k Plan Mistakes, Audit Insights, Auditor, Plan Sponsors, Virtual Audits
You probably already know your 401k plan must satisfy certain plan qualification requirements enforced by the IRS. But what you may not know is that if your plan fails to meet these requirements you, the employer and plan fiduciary, may be subject to personal...
