"What's a Plan Audit?” – Plan Audit Series Video 1

Is your company-sponsored retirement plan subject to the DOL’s annual financial statement audit requirement?   

The two primary factors that dictate an audit is required are: 

1. the number of participants, and
2. the amount of non-qualifying plan assets. 

This video will help you gain an understanding of these issues as well as how to effectively manage your plan in the event of an audit.

Watch “What’s a Plan Audit?” to gain valuable insight to:

• What is a plan audit?
• When it is required?
• Advice when selecting an auditor

The DOL is tasked with looking out for the best interest of retirement plan participants and one such way they do so is via the plan audit requirement. 

This video will help you expand your understanding of what the auditor is looking for and steps you can take to ensure your audit goes smoothly.  

“Managing a Plan Audit” will cover: 

• Why auditors have to audit more than financial statements
• Why audit testing is meticulous
• Advice to make their audit go more smoothly