Category: Audit Procedures

September/October deadlines you need to know

August 18, 2020

Fall is an especially busy time in the world of 401k plan administration. If you aren’t prepared for it, the sheer volume of work can take you by surprise. You’ll want to stay[...]

Hardship distributions will likely rise due to COVID-19. Here’s how to prepare for requests.

July 17, 2020

  If your company offers a 401k plan in your benefits package, you already know that those funds should be kept out of reach until participants reach age[...]

How long does a 401k audit take?

June 30, 2020

  If the word “audit” makes you cringe, you’re not alone. At their worst, audits can be a major pain. They can sap your time, energy, and resources. When our[...]

How to Choose a 401k Audit Firm for Your Company

How to Choose a 401k Audit Firm for Your Company

May 26, 2020

Auditing your company’s 401k plan can be a disruptive and lengthy process, taking up precious time and human resources. If handled badly, it can end up costing your[...]

Social Distancing? Not a Problem with Your Virtual 401K Audit

April 13, 2020

Like everyone around the globe, Cassell Plan Audits is closely following the coronavirus pandemic. We’re abiding by the guidelines that our government leaders and health[...]

When Do You Need an Outside Audit?

March 17, 2020

While the term "audit" can strike fear into the hearts of even the most seasoned business professionals, the audit process for your company's 401(k) plan doesn't have to be an[...]

Big Business needs the right professionals

March 6, 2020

Your company has reached that “sweet spot” you know your staffing volume has grown and a benefit audit is imminent. Maybe you’re wondering if the accounting firm[...]

Recap of the 2019 audit season: Top 5 internal control findings (and how to prevent them)

February 28, 2020

Employee benefits can become a minefield in terms of compliance — and that's why auditing is so important (and not simply a requirement). As your friendly neighborhood[...]

5 Internal Control Procedures for a Smoother 401(k) Audit

April 8, 2016

401(k) plan audits can be a lengthy and grueling process.  Both the IRS and the U.S. Department of Labor hold plan sponsors to strict rules and regulations regarding the[...]

TIME IS MONEY: Preparation is Key in Reducing the Cost of your Audit

March 9, 2016

With your benefit plan's audit just around the corner, you should expect many questions to arise which pertain to specific details of your plan.  If you familiarize yourself with[...]