WHEN YOU NEED A RETIREMENT PLAN AUDIT

This is the time of year that companies are finishing up their annual retirement plan audits. The filing of IRS Form 5500 is due on July 31 for plans with calendar year-ends. In general, any retirement plan exceeding $250,000 in assets must file a 5500.  But how do you know when you are ready for a retirement plan audit? With some exceptions, all retirement plans with … [Read more...]

CHOOSING AN AUDITOR FOR YOUR RETIREMENT PLAN

In general, employee benefit plans, or pension plans, with 100 or more participants are required by law to have a yearly audit. These audits need to be performed by an independent, qualified CPA. There are a number of questions you should ask when considering an auditor, including inquiries about the CPA firm's experience, certification, and independence. The Department … [Read more...]