Better 401(k) Audit
Affordable Low Cost
Our 401(k) audits capitalize on technology to deliver a better audit at more affordable prices and in a faster time frame than our competitors. We leave more time for you to focus on your business’s critical day-to-day tasks by performing the audit remotely. Find out how you can get a better audit at a cost that is cheaper than the national average.
Our 401(k) Audit Process
30-Minute Audit Kick Off
In just 30 minutes, your audit will begin. All you have to do is:
- Email us the signed engagement letter
- Send the signed auditor access form to your Record Keeper
- Hold a quick web meeting with us to pull payroll data in our specialized format
After your part is done, we will gather all of the audit data we need from your Record Keeper so you don’t have to respond to a long list of audit requests.
60-Minute Plan Analysis
PriceKubecka tailors each audit to your specific plan. To do so, we need 60 minutes of your time to understand the specifics of your plan and to document your control environment. After that, our technology starts the audit and runs in the background.
Completing Your Audit
Our focus is on IRS and ERISA compliance. When potential issues are identified or there is missing information, our auditors will work closely with you to determine the proper course of action and resolve issues quickly. The time it takes for you to support us in this critical area is usually between 1 to 2 hours during the course of the 401(k) audit and financial statements are quickly produced for your approval.
The Importance of Choosing a Qualified 401(k) Auditor
PriceKubecka knows the value employees place on benefit plans and wants to help you assess your compliance with regulations. The U.S. Department of Labor (DOL) has increased its scrutiny of plans sponsored by public and private companies of all sizes and requires an annual 401(k) limited scope audit (or Form 5500 audit) for companies with over 100 employees. Businesses that fail to manage their employee benefit plans in accordance with IRS and ERISA requirements are opening themselves up to potential fines and penalties that can amount to thousands of dollars per day. For these reasons, the selection of an experienced and reliable CPA auditor is critical.
PriceKubecka is a member of the American Institute of Certified Public Accountants’ Employee Benefits Plan Audit Quality Center, a firm-based voluntary membership center for firms that audit employee benefit plans. The Center requires all member firms to maintain certain training and education standards, which ensures that all personnel are knowledgeable in the unique aspects of employee benefit plans.
Ken Blackard, CFO
Koetter Fire Protection
We’ve used PriceKubecka, PLLC to perform our 401(k) audit for the past 7 years and have always experienced superior customer service. PK’s staff is extremely knowledgeable, consistently responsive and best of all, they’re fun to work with. Most importantly, their technology makes the audit process easy.