401(k) Audits

Our standard, 6-phase workstream process is comprehensive. Our audit team is detailed and experienced in guiding our clients through every complexity within a 401(k) audit including helping to collect and organize the multiple documents required including: 

• Bank statements showing plan deferrals and company contributions made to the Trust
• Information questionnaires
• Current year census
• Plan document, adoption agreement, and all amendments
• IRS determination letter or opinion letter
• Type ll SOC l Report, formerly SAS 70 report
• Summary plan description
• List of all parties in interest.
• Discrimination test results and detailed schedules
• Form 5500 with all supporting schedules
• Distribution forms for selected distributions during the Plan year
• Loan documents for selected participant loans
• A schedule of deposits to the Plan on a pay period basic
• Forms W-2 or other annual payroll registers and reports
• Form 1099 for distributions
• Certification report from the Plan custodian
• Participant statements and Plan Trust reports including detailed schedules 

View the detailed roadmap of our 6-phase audit process, or see it in action below:

Use our 401(k) Audit Quoter to determine pricing.

Our pricing policy is fixed. Your quote is not an estimate.

• We use specific criteria to itemize a set price.
• The quote you receive is guaranteed, promising no hidden costs or miscellaneous fees. 
• The fee structure for ERISA Section 103(a)(3)(C) audits range as low as $12,600 for plans that fall below 500 participants to as high as $14,400 for plans that fall between the range of 1,000 and 1,500 participants.
• Plans with greater than 1,500 participants are determined on a case-by-case basis.  

The complexity of 401(k) plan audits can be overwhelming for first time clients so we’ve created a thorough 401(k) audit guide to explain every aspect of the process. The guide includes:

• A complete listing of our offerings
• A detailed breakdown of our 401(k) audit process
• A comprehensive list of all documents needed to perform your 401(k) audit
• A pricing breakdown with notable exceptions

Download the guide.