Get 3 Free Quotes

Get 401k Audit Help With Ageras

We'll find the best 401k audit help you need.

A 401k audit ensures that your company’s 401k plan complies with the requirements set in the plan and with regulations set by the Department of Labor and the IRS. Audits in general are there to ensure that your business is following the rules and regulations. Following the rules and regulations would ultimately keep your business financial reports and documents well organized. During the audit, your financial statements are also evaluated to guarantee the information you have provided is accurate. 


If you offer 401k to your employees, whether you are a small, medium, or large company, you should take advantage of a 401k audit. Audits enable business owners to effectively identify and correct problems in their workflows, allowing them to identify and fix pain points in operations. An audit provides directors and management insight into the business processes and controls. The importance of the audit lies in finding any non-compliant parts of your plan, so you can make corrections for the financial safety of your company and employees. An independent CPA or auditor performs 401k audits so that the results are unbiased and objective.


Since 2012, Ageras has helped business owners find the perfect nonprofit auditor for their specific needs. Consulting with an independent CPA or auditor that specializes in nonprofit audits is a great way to alleviate the stress when it comes to audits.
 

Get 3 Free Quotes
Get 3 Free Quotes

How Ageras works:

1
Fill out the form with as much information as possible so we can match you with professionals who can help perform your 401k audit.
2
Within 48 hours, you'll receive three non-binding quotes from three auditors.
3
Compare and choose the best. Using Ageras is 100% free and non-binding. Using our quotes is completely up to you.

Navigation

  1. What is a 401k audit?
  2. How Do I Prepare for a 401k Audit?
  3. How much does a 401k audit cost?
  4. What happens during a 401k audit?
  5. 401k Auditors Near You
  6. Contact us
  7. Do you have the best tax professional for your 401k audit?
  8. Get 3 free quotes for one of our services

What is a 401k audit?

Review of Financial Reporting

Ensure the financial information on Form 5500 and plan financial statements is accurate, including required disclosures. Larger businesses with a large plan during an audit will be required to submit Schedule H. Schedule H requires more information on the business.

Ensure that you are in Compliance

A 401k audit is required for companies with employee retirement plans to stay in compliance with the Employee Retirement Income Security Act (ERISA). A 401k audit will uncover any parts of the plan that are not in compliance and allow you to take action to fix any mistakes, thereby minimizing risk to your employees and your company.

Resolve the problem

During a 401k audit, after a qualified CPA or auditor has gone over all the mandatory documents. They will give you a detailed report of changes they recommend for your business. From here the next step is to implement the recommended changes.

Get 3 Free Quotes

How Do I Prepare for a 401k audit?

Once you decide to go through with a 401k audit, your CPA or auditor you have chosen to work with will request all the needed documents. The best practice is to ensure that all documents are up to date and accurate. This will guarantee a successful audit. 

  1. A copy of the executed plan documents (including any amendments)

  2. Census data for the current year

  3. Discrimination tests

  4. Form 5500 from the previous year

  5. Reports on trust and participant statements

  6. Financial statements of plan sponsors

  7. Annual payroll records or Form W2s

  8. Certification report for the plan custodian

  9. All loan documents for participants

How much does a 401k audit cost?

To determine the cost of a 401k audit, several factors must be taken into account—the revenue size of the company and how extensive its financial documents will ultimately determine the price. On average, a business revenue below $50 million costs about $8,000-$12,000. Depending on your geographical location, the size of your business, and the extent of the audit, pricing will vary.


Getting a consultation from a CPA or an auditor will help you get an exact estimate of a 401K audit. You can get a FREE quote for your next 401k audit through Ageras. We have professional CPAs and auditors in our network who are qualified to conduct your following 401K audit needs. If you need someone specific in your niche, we have the perfect tax professional for your case. 
 

What happens during a 401k audit?

Audits don't have to be painful, but if you don't get the right help, they can become time-consuming and costly. To get the best value from your business 401k audit, you must be transparent with your chosen CPA or auditor. Before conducting a 401k audit, the best practice is to prepare your company. It is recommended that businesses should focus on gathering updated financial reports and documents. 

Get 3 Free Quotes

Review

Before getting started, auditors will evaluate each process that the business follows and its financial statements. This will ensure that your business is completely compliant according to the Generally Accepted Accounting Principle (GAAP).

Observe

An auditor observes and learns about your business's internal processes in an audit. Taking detailed notes, interviewing employees, and reviewing financial information are all part of this process.

Report

The results of the audit will be reported to either management or the third party that originally requested it, such as shareholders. You will use this auditor's report in follow-up to ensure that you are following the recommendations provided by the auditor.

401k Auditors Near You

Ageras' vast 401k auditor network helps us find the right help for businesses in every industry, every size, and part of the country. We know CPAs and Auditors all across the United States, from big cities to small towns. We can find a CPA or audit firm near you or a professional that works remotely.

Auditors in New York, NY

Find an auditor

Auditors in Los Angeles, CA

Find an auditor

Auditors in Chicago, IL

Find an auditor

Auditors in Houston, TX

Find an auditor

Auditors in Philadelphia, PA

Find an auditor

Auditors in Phoenix, AZ

Find an auditor

Financial Advisors in Jacksonville, Florida

Find an auditor

Financial Advisors in Columbus, Ohio

Find an auditor

Financial Advisors in Seattle, Washington

Find an auditor

Do you have the best tax professional for your 401K audit?

We know the best professionals in every industry, at every budget.

At Ageras, we know the best professionals in every industry, at every budget. There are more tax professionals in our network than just accountants and bookkeepers. To conduct a 401K audit, you would need to consult with a professional familiar with a 401K audit like a CPA or an auditor. 
A CPA or auditor who has a specialty in your business is a valuable and worthy resource and investment to make sure your finances are properly optimized. An experienced CPA or auditor can assist you in understanding each step of your 401K audit, keeping your paperwork organized, and staying within the due date.
Finding an expert through Ageras is quick and easy. Tell us about you, your business, and the specific niche you need help with for your 401K audit. We will help find the best expert at the best price in just three simple steps.
 

Looking for a service that isn't listed above?

Let us know how we can help you