At 401(k) Plan Audit CPA, we provide independent 401(k) audits that meet Department of Labor (DOL) and IRS requirements. Our experienced CPAs specialize in employee benefit plan audits, giving plan sponsors the compliance, accuracy, and peace of mind they need.
401K Audits
Independent 401(k) Audit Services
Why a 401(k) Audit is Required
The Department of Labor requires most retirement plans with 100 or more eligible participants to undergo an annual independent audit.
A 401(k) audit helps to:
- Ensure compliance with DOL and IRS regulations.
- Protect plan participants and their retirement savings.
- Reduce fiduciary risk for plan sponsors.
- Identify errors or weaknesses in plan operations before they become costly issues.
Failing to complete an audit when required can lead to serious penalties and additional scrutiny from regulators.
Our 401(k) Audit Process
We take a streamlined, step-by-step approach to make audits as efficient as possible:
Planning & Document Gathering
We guide you in collecting required plan documents, records, and financial data.
Testing & Review
Our team performs independent testing of contributions, distributions, participant data, and plan operations.
Compliance Checks
We verify adherence to DOL, IRS, and ERISA requirements.
Audit Report Preparation
A clear, accurate report ready for submission with your Form 5500 filing.
Ongoing Support
Recommendations to improve compliance and plan administration.
The Benefits of Working With Us
Specialized 401(k) Plan Expertise
Unlike general accounting firms, we focus on benefit plans.
Risk Reduction
We identify compliance gaps before they become costly issues.
Time & Cost Savings
Our streamlined process minimizes disruption for HR and finance teams.
Trusted Advisors
We don’t just audit—we guide and consult for long-term success.
Nationwide Service
Supporting businesses of all sizes and industries.
Industries We Serve
We work with a diverse range of high-net-worth individuals and businesses across multiple industries, including:
Healthcare Organizations
Healthcare providers often face complex payroll structures, multiple benefit plans, and strict compliance requirements.
Technology Companies
Tech firms with fast-growing workforces often struggle with eligibility tracking and timely filings.
Manufacturing & Industrial Firms
Manufacturing companies often manage high employee turnover and complex contribution structures.
Professional Services Firms
Law firms, accounting firms, marketing agencies, and other service providers need reliable compliance support to avoid client-facing disruptions.
Frequently Asked Questions (401k Plan Audit FAQ)
Who needs a 401(k) plan audit?
Any plan with 100 or more eligible participants must generally undergo an annual independent audit.
What is Form 5500 and why is it important?
Form 5500 is a required filing that details your plan’s financial condition, operations, and investments. It’s key to maintaining compliance with DOL and IRS rules.
What are the penalties for late or incorrect Form 5500 filing?
Penalties can exceed $250 per day and add up quickly. Professional preparation helps you stay on track.
How do I choose the right employee benefit plan auditor?
Look for a CPA firm that specializes in employee benefit plan audits, has industry experience, and maintains strong communication throughout the process.
Can you help with smaller plans not yet requiring audits?
Yes—we provide 401(k) consulting to help smaller plans stay compliant and prepared as they grow.
Schedule Your 401(k) Audit Consultation Today
Don’t leave compliance to chance. At 401(k) Plan Audit CPA, we specialize in 401(k) audits, Form 5500 preparation, and employee benefit plan consulting. Whether you’re preparing for your first audit or managing a large retirement plan, our CPAs provide the expertise and peace of mind you need.
