401(k) Plan Audits
When a 401(k) plan has over 100 participants at the beginning of a plan year, it is required to file Schedule H to Form 5500 and have the plan financial statements audited by a qualified independent public accountant. Recently, standards and reporting requirements for 401(k) plan audits have grown increasingly complex and a great deal of specialization is required to maintain compliance with regulations.
At Miller, Kaplan, Arase & Co., our approach to 401(k) plan audits is based on decades of experience. For over forty years, our largest area concentration has been auditing and serving 401(k) and other employee benefit plans.
Miller Kaplan 401(k) plan audit engagement teams offers:
- Personal, responsive service to plan sponsors,
- Knowledgeable 401(k) benefit plan auditors,
- Efficient, cost-effective 401(k) plan audits, and
- Special efforts to provide consistency in staffing from year to year so that your engagement team is always familiar with your plan.
Our typical audit procedures are designed to identify potential compliance pitfalls in addition to opportunities for enhancing procedures and controls. It is our practice to communicate these matters promptly and provide workable recommendations for improved efficiency.
For more information about our 401(k) plan audits, contact us online or call us at (818) 769-2010.