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Leverage the expertise of a dedicated team of professionals to help you with 401(k) audit requirements. Whether it's about reviewing audit eligibility or researching Employee Benefit Plan (EBP) financial statements and reconciliation to Form 5500, our team brings knowledge and understanding of current regulatory requirements to help your business meet all audit reporting requirements. This enables our clients to focus on business operations without the stress and time commitment associated with audit preparation.
Review of the operations and the controls that are in place along with financial data on contributions, loans, rollovers or other transactions made during the plan year
Analysis of essential details about benefit plan financial transactions and employee plan participation. Review of deposit report and participant-level requests
We provide audited financial statements with form 5500
along with the issues we discovered.
A limited scope audit entails fewer audit procedures and less testing. But does your firm’s business structure qualify for one? Are your 401(k) plans in order? Does your firm have an administrator for 401(k) plans? Entrust these and other critical queries to our team. Our experts can help determine the kind of 401(k) audit your business needs and is eligible for. Our team of professionals reviews your SOC2 reports to determine whether the business is eligible for a limited scope audit.
A full scope audit will depend upon multiple factors: Does your
firm have a 401(k) administrator? If not, are you sure your business
is compliant with 401(k) plan requirements and responsibilities? Our professionals can help review relevant documents and help you decide on a course of action for a full scope audit. Once it is determined that your business could do better with a full scope audit, our team dedicated to your firm’s 401(k) audit will perform more testing to supplement these procedures.
Losing Sleep over Client 401(k) Audits? Connect With Us Today!