401kCPAs News
It’s not too late to Elevate Your 401(k) Audit Experience
In 2023, the Employee Benefits Security Administration made a startling revelation: a staggering 30% of annual audits of employee benefit plan financial statements fell short, with major...
There is still time to prepare for your first 401(k) audit
Act now and follow PriceKubecka's step-by-step guide to meet the IRS filing deadline.Time is of the essence as the first deadline for completing your 401(k) audit is rapidly approaching (July 31)....
When is My Company Required to Perform a 401k Audit?
Conducting an annual 401(k) audit is crucial for the majority of large and mid-sized companies. While not every business is required to perform an annual audit, the United States government has...
4 Things To Look For When Selecting A 401k Auditor
If your business has a 401(k) plan with 100 or more account balances at the beginning of a plan year, you are required to perform a 401(k) audit. The audit report must be finished and filed with the...
Correcting Eligible Compensation Errors in Your 401k Plan
In 2023, PriceKubecka performed over 400 401(k) audits. And when it comes to plan errors, we’ve seen it all! After late deposits, the most common error we saw was eligible compensation exclusions or...
Common 401k Plan Errors and how to Avoid Them – Late Deposits
Hopefully, like us, you’ve had a few minutes to recover from last year’s October 15 401(k) audit deadline. Now it’s time to look back on how the audit process went for you. What went right or wrong?...
Your Company Needs a 401(k) Audit – What Now?
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...
New Rules for Limited Scope Audits
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...