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401(k) Audit Basics, Part 2 - Participant Data and Contributions Testing

Overview

Participant data and contributions testing (bold)

Employee benefit plan audits are quite different from corporate audits and require an understanding of the unique audit areas specific to plans.

Part 2 of the 401(k) audit basics series addresses participant data and contribution testing, including:

  • What participant data needs to be tested and why
  • The different ways a participant can enroll in a plan
  • The various types of contributions received by a 401(k) plan
  • Parties in interest and prohibited transactions
  • Common issues and errors seen in these areas

    Prerequisites

    None

    Objectives

    • Identify what participant data needs to be tested and why.
    • Recall the different ways a participant can enroll in a plan.
    • Distinguish the various types of contributions received by a 401(k) plan.
    • Recognize parties in interest and prohibited transactions.
    • Distinguish unique issues that should be considered when planning 401(k) plan audits.

    Highlights

  • Participant data testing
  • 401(k) plan contribution types
  • Parties in interest and prohibited transactions

    Register Now

    Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.

    • Event Code:

    4760087

    2 CPE Credits
    Auditing: 2 Credits

    Registration

    Member Price:
    $125
    Non-member Price:
    $149

    Registration is open through 05/01.

    Thursday, May 1st

    1:00pm to 3:00pm

    Add to Calendar

    Instructor

    Marilee Lau

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