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 organization thousands more than it should, not to mention the additional stress it puts on the team members responsible for overseeing the audit.
Choosing the right 401k plan auditing firm for your company is vital if you want to save time, money and make the experience as pain-free as possible. Plans consisting of more than 100 participants will typically require an audit.
Here are the most important factors to consider/questions to ask when interviewing your potential auditing firm:
For example, we perform a lot of the preliminary work ahead of time, letting you know early what’s required, so you have plenty of time to find the relevant documents and information. No nasty surprises.
Our streamlined approach is based on decades of experience and a willingness to partner with technology, which allows us to provide you with an audit experience that is both efficient and affordable.
When choosing a firm to do their 401k plan audit, many companies just go with their regular accounting firm, but this could be a mistake. There are plenty of accounting firms that do a great job, however be cautious: some accounting firms will “throw in” this service, but they aren’t specialists, so can’t be as experienced with the ins and outs of this niche, or how to avoid costly mistakes.
(Benefit plan audits are all we do, so we can offer the best service and expert guidance.)
JoAnn Cassell founded this company because she wanted to raise the standards of plan audits and saw how much stress and pain this process brought to many companies. She and her team are known to their clients as “the friendly auditors.”
We will never talk down to you or use complex jargon. In fact we make it our mission to translate tax law into “human-speak” so you’ll always understand the process and know what to expect.
Cassell Plan Audits specializes in employee benefits plan audits and can assist plan sponsors throughout all fifty states with their audit needs.
We provide our clients with exemplary service at an affordable price, saving you time, reducing the cost of compliance and eliminating headaches that less experienced companies don’t know how to avoid.
If your last plan audit seemed to go on for months, or the request lists from your auditor continued weeks after the initial visit, we invite you to contact us today. Call us at 630.886.7669.