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What is a SOC report and why plan sponsors should review it each year

What is a SOC report and why plan sponsors should review it each year

by cpaadmin | Dec 15, 2024 | 401k Compliance

So, what is a SOC report? Many plan sponsors of 401(k) and other benefit plans outsource critical plan tasks to outside service providers or vendors like payroll servicers, third-party administrators, and recordkeepers. This makes you the customer, or to use the...

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