401(k) and 403(b) Audits

Very few CPA firms have the training and experience needed to perform quality 401(k) and 403(b) audits.  This highly specialized area of employee benefit plan audits requires a dedicated team of professionals with devoted resources and experience.

Morey, Nee, Buck & Oswald professionals have the experience, specific training, and resources necessary to effectively audit 401(k) and 403(b) plans under the regulations outlined in Employee Retirement Income Security Act (ERISA) and the Internal Revenue Service (IRS).

By engaging our firm for your employee benefit plan audit, you will receive:

• A reliable audit partner who will help make the complex ERISA auditing and filing process efficient and cost effective

• Peace of mind knowing that your 401(k) and 403(b) plans have undergone a complete and accurate audit that complies with all ERISA and IRS regulations and Generally Accepted Auditing Standards (GAAS)

• Timely completion and filing of all reports, forms, and disclosure documents

• Effective coordination with plan sponsors, trustees, attorneys, actuaries, and administrators to ensure compliance 

• A trained, experienced, and independent team of experts that understands the unique nature and intricacies involved with 401(k) audits and 403(b) audits

Note: The Department of Labor issued new regulations for 403(b) plans.  Starting in 2009, most 403(b) plans will be required to file a Form 5500 with the government.  Large 403(b) plans, those with over 100 employees will also be required to include an audited financial statement with this filing.