The Department of Labor generally requires an annual audit for retirement plans, including a 401(k), when the plan reaches 100 eligible participants. Getting the paperwork organized for a 401(k) audit can be time consuming and complicated. If you are due for a 401(k) audit, or if your organization is required for the first time to have a 401(k) audit, Downey & Company can assist you in making your audit process seamless.
Why Do You Need a 401(k) Audit?
According to federal law, a business that maintains an employee benefit plan consisting of 100 or more participating employees is required to have an annual audit by a qualified public accountant.
If you have never had a 401(k) audit done, then the initial process will likely overwhelm you. Our 401(k) audit professionals will help you to get through your audit in the quickest time possible.
How Will Downey & Company Help You With Your 401(k) Audit?
Serving businesses throughout the United States, our team of experienced 401(k) specialists will provide you with cost–effective 401(k) audit services. Our team will typically have your audit completed within a few weeks, as opposed to several months (a typical time frame for many other firms).
-
Specialization – We specialize in 401(k) audits and our team possesses the knowledge and expertise to perform your audit properly and efficiently.
-
Time Saved – We do not start and stop your audit process, as many other firms might. Once started, we do not stop your audit until it is completed.
-
Experienced Personnel – Our professional staff has many years of experience performing 401(k) audits for a wide variety of businesses located throughout the U.S.
-
Audit Quality – Downey & Company is a member of the American Institute of Certified Public Accountants 401(k) Audit Plan Quality Center. This demonstrates our firm’s commitment to audit quality in the critical area of employee benefit plans.
Downey & Company performs 401(k) audits throughout the United States. We can help companies that are late in filing their audit.
For more information, please see our list of 401(k) specific articles by clicking here.
