This is Part VII 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. Part VII of the Employee Benefit Plan (EBP) Fundamentals program is made up of three modules which explore the plan audit and procedures including: - SOC 1 reports - ERISA section 103(a)(3)(C) - Form 5500 Key Topics - SOC 1 reports in the plan audit - Legal and regulatory framework governing ERISA section 103(a)(3)(C) audits - Form 5500 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 Who Will Benefit Auditors who want a foundational understanding of Employee Benefit Plans (EBP) subject to audit under the Employee Retirement Income Security Act (ERISA), and how they differ from commercial entities they audit.