Employee Benefit Plan Audits
Audits of 401(k) and other retirement plans that file Form 5500, completed on schedule and coordinated with your plan administrator.
What's included
- Full-scope and ERISA Section 103(a)(3)(C) auditsIncluding audits that rely on certified investment information from a qualified institution.
- Coordination with your providersWe work directly with your recordkeeper, third-party administrator, and payroll provider.
- Operational findingsPractical feedback on issues like late deposits, eligibility, and compensation definitions.
Which plans need one
Plans generally need an audit when they have 100 or more participants with account balances at the start of the plan year. Plans between 80 and 120 may be able to keep their prior-year filing status. We'll confirm whether your plan needs one.
How it works
- Plan reviewPlan documents, prior Form 5500, and service provider reports.
- Fixed fee and timelinePlanned around your Form 5500 deadline.
- TestingContributions, distributions, participant data, and investments.
- Report for your Form 5500Audit report delivered to your plan administrator for filing.
Common questions
When is the audit due?
The audit report is filed with Form 5500, which is due seven months after the plan year ends (July 31 for calendar-year plans). An extension on Form 5558 adds two and a half months, to October 15 for calendar-year plans.
Our plan just crossed 100 participants. What now?
Contact us early in the year. First-year plan audits need more setup, and starting early avoids a rush near the deadline.
Not sure which service you need?
Tell us who's asking for the report and why. We'll tell you what fits and what it will cost.