At Wilson & Associates CPA, we understand the critical importance of ensuring your employees’ retirement plans are both compliant and beneficial. Our 401(k) Plan Audit Service is designed to provide you with peace of mind, knowing that your 401(k) plans are accurately reported and in full compliance with the Department of Labor (DOL) and Internal Revenue Service (IRS) regulations.
401K Plan Audit Service in San Diego County
Secure Your Future with Expert 401(k) Plan Audits
Why Choose Wilson & Associates CPA?
Experienced Professionals
Our team of certified public accountants has extensive experience in auditing 401(k) plans, ensuring a thorough and precise audit process.
Comprehensive Services
We cover all aspects of the audit, from initial risk assessment to final reporting, providing a complete and transparent view of your 401(k) plan’s health
Regulatory Compliance
We stay up-to-date with the latest DOL and IRS regulations to ensure your plan meets all legal requirements and avoids potential penalties.
Tailored Solutions
Every business is unique. We tailor our audit approach to meet the specific needs of your company and your 401(k) plan.
Our 401(k) Plan Audit Process
Pre-Audit Planning
- Initial Consultation: We begin with a comprehensive consultation to understand your specific needs and gather essential information about your 401(k) plan.
- Document Review: We review plan documents, prior audit reports, and relevant financial statements to prepare for the audit.
Fieldwork and Testing
- Participant Testing: We verify participant data, including eligibility, contributions, distributions, and account balances.
- Plan Operations: We assess the plan’s operations to ensure compliance with plan documents and regulatory requirements.
- Financial Statement Audit: We conduct a detailed audit of the plan’s financial statements, focusing on investments, contributions, and benefit payments.
Reporting and Compliance
- Audit Report: We prepare a comprehensive audit report outlining our findings and recommendations.
- Management Letter: We provide a management letter highlighting any issues identified during the audit and suggesting corrective actions.
- Compliance Assistance: We assist in addressing any compliance issues to ensure your plan meets all regulatory requirements.
Benefits of Our 401(k) Plan Audit Service
- Enhanced Plan Integrity: Regular audits help maintain the integrity of your 401(k) plan, ensuring accurate reporting and compliance with regulations.
- Increased Employee Confidence: A well-audited plan reassures employees that their retirement funds are being managed properly.
- Risk Mitigation: Identifying and addressing compliance issues early can prevent costly penalties and protect your organization’s reputation.
- Expert Guidance: Our experienced auditors provide valuable insights and recommendations to improve your plan’s administration and compliance.
Contact Us
Ensure the health and compliance of your 401(k) plan with Wilson & Associates CPA. Contact us today to schedule your 401(k) plan audit and secure the future for your employees and your business.
