Answer all your 401(k) audit questions.
Questions About 401(k) Audits?
It is common for clients to have questions about the 401(k) audit process. PriceKubecka has performed hundreds of audits over the past 25 years. Here are the answers to the most frequently asked questions.
- Why do I have to complete a 401(k) audit each year?
- How is eligibility determined?
- What will be required from my auditor?
The rules change often. Whether this is your company’s first 401(k) audit or one of many completed over the years, this guide tells you all you need to know about the 401(k) audit.
Fast and Affordable 401(k) Audits
Starting at $7,000
Complete the form below to receive your guide to the most frequently asked questions about the annual 401(k) audit.
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.
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.