Straight To
Your Inbox

Stay Updated

Alerts, insights,
and updates straight to your inbox.

Click to get started

Qualified Retirement Plan Audit


  • Meets Department of Labor (DOL) 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 100 or more eligible participants


The DOL has made high-quality plan audits a priority and has issued guidance as to what qualifications a CPA firm should have to audit retirement plans. Additionally, the DOL has staffed up and increased its emphasis on enforcement and conducting its own audits.

AGH understands that the process of auditing an employee benefit plan has many unique aspects that differentiates it from a financial-statement audit – and we have developed and trained a specialized team that focuses on these types of audits. Rather than treat plan audits as “fill-in” work for audit staff between other jobs, AGH has designated an employee benefit plan audit team leader, manager, and selected audit staff for additional professional education related to ERISA and DOL requirements.

A recent study of CPA firm audits of employee benefit plans linked higher audit quality to these specific characteristics of an auditing firm. Here’s how AGH stacks up against the DOL criteria:

DOL survey suggests AGH provides
Choose a firm with a significant employee benefit plan audit practice, not a firm that handles only one or two plans per year. AGH audits more than 60 employee benefit plans annually. (In the DOL’s survey, only 7% of the CPA firms audited more than 25 plans per year.)
Firms that are members of the AICPA Employee Benefit Plan Audit Quality Center had higher-quality audits. AGH is one of fewer than 30 firms in the entire state of Kansas that are members of the AICPA’s Employee Benefit Plan Audit Quality Center.