CPE & Events Catalog
401(k) Audit Basics, Part 2 - Participant Data and Contributions Testing
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
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:
Learning 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.
Highlights
· 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.
Event Level: Basic
Field of Study: Auditing
Who Should Attend
Auditors new to employee benefit plan auditing
Required Knowledge
None
