401(k) Audits

industry Experience

401(k) Audits

The regulations and rules governing 401(k) plans are consistently changing, making the process of auditing these plans complex. The 401(k) audit professionals at bgr CPAs stay up to date on regulatory and legislative changes made by the Internal Revenue Service and the Department of Labor in order to provide our clients with a thorough and accurate audit of their 401(k) plans.

Many accounting firms perform 401(k) audits for their clients on an annual basis, but frequently fail to perform all of the necessary compliance testing or advise their clients about compliance issues.

Happy senior couple planning for retirement

At bgr CPAs, our audit professionals understand the technical requirements of 401(k) audits and the regulatory priorities of the IRS and DOL.

Under the bgr CPAs’ 401(k) audit engagement, an auditor will take note of procedures, practices, and other matters that raise potential problems or could be improved upon. Components that will be assessed during an audit include:

  • Plan and operational compliance
  • Fiduciary responsibility
  • Internal controls
  • Financial reporting
  • Best practices

Our professionals guide clients through the entire process of the employee benefit plan audit preparation, performance and the remedial measures necessary to ensure that your 401(k) plan is compliant with federal regulation.

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Our team of experienced and skilled professionals has extensive knowledge of the ever-changing laws and regulations within various industries, and has provided our valued clients with accurate, informed insights and business guidance for more than 70 years.