Employee Benefit Plan Audit
Do You Need a Retirement
or Benefit Plan Audit?
If your employee benefit plan has 100 or more eligible participants on the first day of the plan year, federal law generally requires an annual audit under ERISA (the Employee Retirement Income Security Act).
Not sure if you qualify? We can help you assess, especially if you’re approaching the threshold or unsure how “eligible” is defined.
What You Might Not Know About 401(k) Audits
It's About People
Audits protect employees by ensuring contributions are handled properly and invested on time—real retirement savings are on the line.
LATE CONTRIBUTIONS = BIG PROBLEMS
Even minor delays in funding employee deferrals can trigger penalties. A solid audit process helps catch these issues early.
The 80–120 Rule Is Tricky
If your plan has between 80 and 120 participants, you may qualify for an exception—but it’s easy to get it wrong. Expert guidance matters.
Audits Expose Hidden Gaps
From outdated plan documents to missing controls, even well-run plans have blind spots. A good audit helps you fix them before they become liabilities.
You’re Personally on the Hook
Plan sponsors carry fiduciary responsibility. A clean audit isn’t just smart—it protects you and your employees.
M&A Can Change the Rules
Mergers or plan roll-ins often trigger new audit needs. Getting ahead of it avoids last-minute surprises.
It’s Not Just for Big Companies Anymore
Growing businesses are hitting audit thresholds faster than ever. If you’re nearing 100 eligible participants, it’s time to prepare.
Smart, Streamlined,
and Built Around You
We’ve led hundreds of plan audits, and we know where things get bogged down. Our lean approach cuts the clutter, asks the right questions up front, and keeps communication clear so your team isn’t chasing paperwork for weeks. The result? An audit experience that’s smooth, focused, and surprisingly low lift.
Pain Point Elimination
- Full audits of retirement and benefit plans
- Internal control and compliance reviews
- Form 5500 preparation
- Financial statement drafting
- Ongoing guidance and issue spotting
- Trusted referrals for related plan services
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