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  Retirement Plan Audits
 

At Kentner Sellers, we provide Audit Services to companies that maintain retirement plans such as 401(k) plans and Pension and Profit Sharing plans, and whose plans require an audit.  In addition, we provide audit services to not-for-profit organizations whose 403(b) plans require an audit.

In addition to providing the required audit services in a cost-effective manner, our goal is to help our clients understand their respective plans and the related filing and compliance requirements. With constant changes in the rules and requirements mandated by the Internal Revenue Service and Department of Labor, we, along with attorneys, third party administrators and investment advisors, help our clients maintain plan compliance.

As part of our audits, we offer recommendations to assist our clients and plan administrators look for ways to improve plan administration and operation. Areas of focus include:

  • Accurate census data

  • Eligibility requirements

  • Hardship withdrawals

  • Plan participant loans

  • 401(k) provisions

  • Investment performance

  • Timely deposits of plan contributions

  • Fiduciary responsibilities, and

  • Plan distributions

Our Employee Benefit Plan Audit Group is led by Mark Smith and Jon Stangel.

Why should your company use Kentner Sellers for its retirement plan audit? At Kentner Sellers, you will get experienced auditors who understand the intricacies of your plan. You should not have to train new, inexperienced staff each year for your audit. With Kentner Sellers, you won’t have too!

The ERISA Fiduciary Advisor from the U.S. Department of Labor's Employee Benefits Security Administration provides an ERISA overview, including the most common compliance mistakes EBSA finds in its investigations, and provides links to additional information as well as tools to assist plan officials, according to the release.

 

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