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Get the Latest News and Information about 401(k) Audits
Don’t Let the Final 401(k) Audit Deadline Sneak Up on You
The October 15 401(k) audit plan deadline is approaching. Here’s what to do to ensure compliance and avoid IRS penalties.
It’s not too late to Elevate Your 401(k) Audit Experience
In 2023, the Employee Benefits Security Administration...
There is still time to prepare for your first 401(k) audit
Act now and follow PriceKubecka's step-by-step guide to...
When is My Company Required to Perform a 401k Audit?
An annual 401(k) audit is an essential task for most large and mid-sized businesses. But not every company is obligated to conduct an annual audit. Understand the requirements and guidelines of a 401k audit to ensure compliance with IRS regulations.
4 Things To Look For When Selecting A 401k Auditor
If your business has a 401(k) plan with 100 or more...
Correcting Eligible Compensation Errors in Your 401k Plan
In 2023, PriceKubecka performed over 400 401(k) audits....
Common 401k Plan Errors and how to Avoid Them – Late Deposits
As it relates to large 401(k) plans (100+ active participants), the Department of Labor and IRS are strict about how long it should take your company to deposit an employee’s withholding into their 401(k) account. PriceKubecka performed over 400 audits in 2023 and the most common error we saw was a failure to remit deposits in a timely manner.
If you could improve your 401k plan audit in one way, which would it be?
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Your Company Needs a 401(k) Audit – What Now?
The first time your 401(k) plan is audited can be difficult, confusing, and time-consuming. However, this quick guide should relieve some of the stress. You may feel like the 401(k) audit is being forced on you, and you’d be right. The Department of Labor (DOL) requires that a plan be audited when it has more…
Five Reasons Your HR Department Should Start Your 401(k) Audit Now
The coronavirus pandemic may have changed the course of history, but it hasn’t stopped the federal government from enforcing certain requirements designed to protect employee interests. We understand that HR departments already have a ton of their plate managing layoffs, furloughs, re-hires, and everything in between, but you don’t want this public health crisis to cost you more than it already has.
What Your 401(k) Audit Will Cost You
The 401(k) audit is required by law for any business that has over 100 eligible employees. The federal government did not postpone the filing deadline as part of its COVID relief efforts, and so, this is one requirement that you cannot skirt.
When Is A 401(k) Audit Required?
An annual 401(k) audit is an essential task for large and mid-sized businesses. Not every company is obligated to conduct an annual audit, but the United States government has set strict rules about which businesses do and don’t need one. You should understand what the 401(k) audit requirements are so that you can follow the proper guidelines for your business.
401k Audit Deadline: Consequences For Being Late
A 401(k) audit is just one of many recurring tasks you have to think about as a business owner, and it’s easy to let it slip your mind if you’re worried about all of your other obligations. The consequences of missing the deadline can be severe, though, so it’s important that you submit all the necessary documentation on time.
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Start Your 401(k) Audit Today!
Don’t wait for the deadline.