This is Part III of the Employee Benefit Plan (EBP) Fundamentals program. The program provides a foundational understanding of employee benefit plans subject to audit under ERISA, helping you prepare to navigate the complexities of 401(k) plans.
Learning Objectives
- Learning Outcomes
- Identify the accounting records you will use in your plan audits and the parties who maintain them
- Recognize the various sources and types of contributions in 401(k) plans
- Distinguish between contributions receivable, other receivables, and notes receivable from participants, and recall how potential credit losses impact 401(k) retirement plans
