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 | Jun 15, 2023 | 401k Audit Oversight, 401k Compliance, 401k Plan Audit, 5500, Audit Procedures
A new DOL policy means you may not need a 401(k) plan audit. On February 23, the Department of Labor, IRS, and Pension Benefit Guarantee Corporation unveiled major changes to employee benefits plan reporting. Small businesses rejoice as a new Department of Labor rule...
by cpaadmin | Jun 16, 2021 | 401k Audit Firm, 401k Audit Oversight, 401k Plan Audit, 401k Plan Audit Documentation, Audit Procedures, Virtual Audits
We all know that 401k plans provide benefits to employees and employers alike, offering enhanced retirement security for workers and acting as an enticement when recruiting new employees. But for those charged with managing 401k oversight, these popular plans bring...
