The first time your 401(k) plan is audited can be difficult, confusing, and time-consuming. However, this quick guide should relieve some of the stress. You may feel like the 401(k) audit is being...
The American Institute of Certified Public Accountants has introduced new rules governing audits of ERISA plans. The rules were originally published in July 2019 in a document titled “Forming an...
The coronavirus pandemic may have changed the course of history, but it hasn’t stopped the federal government from enforcing certain requirements designed to protect employee interests. We...
The 401(k) audit is required by law for any business that has over 100 eligible employees. The federal government did not postpone the filing deadline as part of its COVID relief efforts, and so,...
An annual 401(k) audit is an essential task for large and mid-sized businesses. Not every company is obligated to conduct an annual audit, but the United States government has set strict rules about...
A 401(k) audit is just one of many recurring tasks you have to think about as a business owner, and it’s easy to let it slip your mind if you’re worried about all of your other obligations. The...
If your business has 100 or more eligible participants at the beginning of the plan year, you must undergo a 401(k) audit. However, choosing the wrong auditor can have severe consequences for both...
