This is Part V 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
- Recall the types of SOC 1 reports used in 401(k) plan audits and why they are important
- Recognize the rules regarding ERISA section 103(a)(3)(C) audits and how they affect audit procedures and the auditor’s report
- Recall the purpose of the Form 5500 and how it relates to the audited 401(k) plan financial statements
