ABOUT OUR PROCESS
What an easy process! To be honest, we weren't sure what we could be getting into by finding the firm through an Internet search, but the team could not have been any better.
Ready to sign up for a better 401(k) audit? Drop us a line for a free phone consultation.
Request 401(k) Audit Consultation
THE AUDIT PROCESS
ENGAGEMENT - 2 Days
We'll setup your company profile in our online platform so you can easily communicate with us and securely upload an initial request list of documents. You'll electronically sign an engagement letter with us as well.
Annual Transaction Reporting
VERIFICATION - 2 Days
Data is pulled out of the documents that you provided and testing begins by our audit team to reconcile and verify information from all sources.
SELECTION - 1 Day
We select employees and transactions for testing samples and provide a final list of requests to complete the audit.
TESTING - 4 Days
We perform specific testing for aspects of payroll, employee data, and specific areas of 401(k) plan operations, including contributions, loans, and distributions. After all tests are passed, we provide a draft of the financial statements for your review.
SUCCESS - 1 Day
Once the draft is approved and we receive the signed management representation letter, the financial statements are issued and the audit is complete.