Offering a 401(k) plan helps create an attractive benefits package for keeping employees long term. Most employers with over 100 employees participating in the retirement plan will need to complete a 401(k) audit. As the owner of the company or plan administrator, preparing for the audit is crucial for a successful process. Tips for a […]
401k audit
Audit Requirements for Employee Benefit Plans
As your small business grows so do your responsibilities, one of which is the employee benefit plan audit. Once your benefit plan reaches 100 eligible participants, it will need an audit as stipulated in the Employee Retirement Income Security Act of 1974 (ERISA). ERISA a federal law that protects the money American employees set aside […]