Archives for December 2025

What Employers Need to Know If your organization offers a 401(k) plan, you may be required to undergo an annual audit under federal ERISA rules. Plans with 100 or more participants generally must include an independent audit with their Form 5500. Even smaller plans may choose an audit to catch issues early.  We want you to be prepared as best you can for your organization. A 401k audit examines eligibility, contributions, distributions, participant data, internal controls, and overall plan operations. The goal is to ensure that the plan complies with ERISA and Department of Labor (DOL) requirements. To make your audit smoother: Organize plan documents early, plan documents, amendments, trust statements, and payroll files. Verify contributions are remitted on time—late deposits are a common issue. Ensure participant data is accurate, hire dates, hours, compensation, and eligibility. Review service provider reports, record keepers and custodians provide key … [Read more...] about How to Prepare for Your 401k Audit