401(k) Auditing Services – Nationwide
If you have a 401(k) plan that has over 100 employees that are eligible to participate in the 401(k), you will be required to have an audit report attached to your Form 5500 that is sent to both the Internal Revenue Service and the Department of Labor. Typically, your third-party administrator will notify you when your plan meets this requirement, and that is when we can help.
Our 401(k) plan auditing services help keep you compliant with the IRS and the DOL by providing a timely, informative, and comprehensive audit on your 401(k) plan. Our audits are performed in accordance with generally accepted auditing standards, Employee Retirement Income Security Act, and Department of Labor.
What is the 401(k) Audit Process?
Step 1 – Get a Quote
All 401(k) plans are different, and to help bring clarity, organization, and remove pressure, we like to discuss with you the aspects of your 401(k) plan. This is about 30 minutes of your time. Once you engage us for services, we create a location for you on our platform for sending and receiving secure documents.
Step 2 – Document Review
Once engaged with us, we will need to gather more information about the 401(k). This includes review of various plan documents, questionnaires about processes, and other documents. These will help us properly plan audit procedures to ensure efficiency and effectiveness throughout the process.