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Qualified Retirement Plan Audit

Benefit:

  • Meets Department of Labor and Internal Revenue Service regulatory requirements under ERISA
  • Provides assurance that the retirement plan is handling employee contributions, enrollments, distributions and loans in compliance with plan guidelines and employees' instructions

Who's most likely to benefit:

  • Organizations whose retirement plan has 120 or more eligible participants

Description:

An AGH audit team samples and tests various transactions within the retirement plan's year, including comparing requested versus actual participant elections, loans outstanding, plan distributions, and appropriate exclusion from the plan. AGH's audit report is issued to be included as part of the organization's Form 5500 Filing with the Department of Labor.