ABOUT OUR PROCESS

We redesigned our 401(k) audit process in response to the overwhelming burden of 401(k) compliance placed on business owners. Most of our clients don’t have the sophistication built into their human resource departments to handle ERISA complexity, or the free time to respond to a long list of audit requests.

 

As auditors of 401(k) plans, we used to exacerbate the problem by constantly interrupting them and taking their focus away from their daily workflow. The only thing they got in return was a large audit bill. We knew there had to be a better way, so we created it.

client TESTIMONIAL

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.

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"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. Compared with what we have experienced in past 401(k) audits, PriceKubecka did an unbelievably thorough and impressive job while saving us thousands of dollars! We look forward to working with them in the future."

-Nancy Procter, MEC, Labs Institute

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

01

STEP

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 for 401(k) Audit plan, plan document, plan requirement, 401k, employee benefit plan

Payroll Documents

Plan Documents

Annual Transaction Reporting

VERIFICATION - 2 Days

02

STEP

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

03

STEP

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.

Passed

04

STEP

SUCCESS - 1 Day

05

STEP

Once the draft is approved and we receive the signed management representation letter, the financial statements are issued and the audit is complete.

Ready to sign up for a better 401(k) audit?

Drop us a line for a free phone consultation.

Request 401(k) Audit Consultation »

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MEC Labs Institute Logo