What plan sponsors need to know about the new 403(b) audit requirement.
Amper’s years of experience in auditing Employee Benefit Plans makes us well positioned to assist 403(b) plan sponsors in navigating through the new 403(b) audit requirement.
Amper's guide to 403(b) Plan Audits includes
Audit required beginning with the 2009 plan year end for ERISA 403(b) plans.
Audit generally required for plans in excess of 100 participants.
Certain comparative numbers are required by the DOL.
Close attention must be paid to the completeness of the opening balance of plan assets.
Amper has been helping plan sponsors of Employee Benefit Plans meet their fiduciary responsibilities since the early 1990’s.
Employee Benefit Plan audits have increasingly become the subject of scrutiny by the Department of Labor ("DOL"). The auditing of these plans is a very specialized and unique service and Amper Politziner & Mattia, LLP is a leader in this area. The guidance and knowledge we provide is critical to the Plan Sponsors, given the incredible amount of fiduciary responsibility involved. We have been commended by clients for our superior service and hands-on partner involvement, as compared to our regional, national and international firm competitors.
Our audit best practices include:
Providing a comprehensive list of schedules required.
Providing a timeline from inception to completion.
Documented, streamlined audit approach.
Continuing professional education specific to benefit plans.
Amper annually audits over 300 plans of publicly held and privately held Plan Sponsors in a wide variety of industries.
As a result of our years of experience and vast exposure to the unique aspects of employee benefit plan auditing, Amper offers more than just an audit report and allows the firm to offer assistance with fiduciary responsibilities, plan qualification and reporting alternatives. Please feel free to direct all questions to Diane Wasser at 908.218.5002.
