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

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2.00 Credits

Member Price $125.00

Non-Member Price $149.00

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

    Highlights

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

    Prerequisites

    None

    Designed For

    Auditors new to employee benefit plan auditing

    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.

    • Non-Member Price $149.00

    Member Price $125.00

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