Archive for the Audit Category

Is Your Company’s 401(k) Plan in Compliance?

401(k) Plan Audit preparedness

The fast pace of business sometimes takes eyes off our employee’s benefits. Make sure that your organization’s 401(k) plan is in compliance. Here’s a quick primer on the subject. When are 401(k) plan audits required? Federal law requires the annual audit of a defined benefit or defined contribution plan, such as a 401(k) plan, once the plan’s total number of eligible participants reaches 100. Who is considered an eligible participant in your 401(k) plan? An employee is considered a participant

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