PriceKubecka knows the value employees place on benefit plans and wants to help you assess your compliance with regulations. To that end, we have created a new software, Autire™, in order to improve the 401(k) audit experience for business owners and plan administrators alike. By engineering a new way to complete 401(k) audits, we have taken the time, cost and stress out of 401(k) audits.
The U.S. Department of Labor (DOL) has increased its scrutiny of plans sponsored by public and private companies of any size. This has created an audit process that is increasingly complicated. PriceKubecka works with clients to insure that they follow the federal requirements for timely contributions and perform their fiduciary duties and responsibilities with respect to employee benefit plans.
If you fail to manage an employee benefits plan in accordance with the Internal Revenue Code and Employee Retirement Income Security Act (ERISA) requirements, the Internal Revenue Service (IRS) and DOL may impose devastating penalties and fines. For these reasons, the selection of an experienced and reliable CPA auditor is very important.
PriceKubecka is a member of the American Institute of Certified Public Accountants’ Employee Benefits Plan Audit Quality Center, a firm-based voluntary membership center for firms that audit employee benefit plans. The Center requires all member firms to maintain certain training and education standards, which ensures that all personnel are knowledgeable in the unique aspects of employee benefit plans. This knowledge base helps the audit team respond quickly to any new standards or regulations and find efficiencies within the audit process.
The goal of the audit team is to provide an efficient, high-quality audit. Visit our dedicated 401(k) audit website to learn more about the new world of 401(k) plan auditing.