Category Archives: 401k Plan Audit

LSL CPAs and Business Advisors are 401K Plan Audit experts. Maria Arriola CPS MST has 27+ years of experience with 401k plan audits. There is a difference. Don’t settle for a flat rate audit that has to cut corners in order to remain profitable.

401(k) plan audit
6 Reasons Why a 401(k) Plan Audit is Always Worthwhile

You might not have been due for a Department of Labor 401(k) audit in 2024—or...

20
Nov
401k data breach
How Should a 401(k) Plan Sponsor Respond to a Data Breach?

Data breaches are a growing concern in today’s digital age, and even 401(k) plans are...

11
Sep
New 401k Plan Audit Rules 2024
New 401k Plan Audit Rules for 2024

The DOL Department of Labor has made some noteworthy changes to the financial statement audit requirement...

04
Apr
New 401k Plan Audit Rules for 2023

The DOL has made some changes to the financial statement audit requirement for retirement plans....

26
Apr
Tax deadlines extended
You’re Now Eligible for a 401(k) Audit: Five Documents You Need

Don’t wait until the last minute! Accountants really do like to make people’s lives easier....

13
Feb
ERISA Section 103(a)(3)(C) Replaces the 401(k) Plan Limited Scope Audit – Your Questions Answered

The only thing constant is change. And now, the ERISA (Employee Retirement Income Security Act...

14
Jul
do you need a 401k plan audit?
80/120 Rule: Which 401(k) Plans Are Required to Have an Audit?

We hope you’re aware that the “full-scope audit” for the 401(k) plan requirement for more...

20
Jun
401k contribution limits
Retirement Plan Contribution Limits for 2022: 401(k) Limit Increases to $20,500

About this time every year, the IRS publishes the Retirement Plan Contribution Limits for 2022...

23
Nov
monitoring 401(k) plans
Benefits of Monitoring 401(k) Plan Each Quarter

Large and Small 401(k) Plans and a Handy Checklist! Administering a retirement plan carries a...

10
Sep
Defined Contribution Plans
The IRS Has Announced the Deadline for Reinstatement of Defined Contribution Plans

Lots to Know. Lots to Do. You have until July 31, 2022, to restate pre-approved...

15
Mar
Does Your 401(k) Plan Need an Audit? A Closer Look at the 80-120 Rule

Generally speaking, 401(k) plans with fewer than 100 participants at the beginning of the plan...

19
Aug
The High Cost of 401(k) Plan Errors

Is YOUR Auditor Finding Them Before the DOL? The DOL (Department of Labor) works to...

14
Jul
How to Select the Right 401(k) Plan Auditor for Your Company … and why you need one

What is the purpose of a 401(k) plan? A 401(k) plan is designed to guard...

20
Feb
What are My Tax Consequences if I Take a Hardship Distribution from My 401(k) Plan?
August 16, 2018

Need to take a hardship distribution? In the Bipartisan Budget Act (“Act”) passed in February...

IRS Announces 2018 Retirement Plan Contribution Limits
November 7, 2017

On October 19th the Internal Revenue Service (IRS) announced IRS 2018 Adjusted Retirement plan contribution limits...