We Specialize in 401(k) Audits.
401(k) plans are governed by ever-changing rules and regulations issued by the IRS, DOL, ERISA, and the Social Security Administration. These audits are complex. We will "guide you through" rather than "stumble through" the process. We offer the following:
- Help you determine if you qualify for a 401(k) Audit
- Experience with the rules and regulations of 401(k) plans.
- Experience in working with your third party administrator.
- The same audit team from year to year.
- Quick turnaround to enable you to timely file form 5500.
We Perform the Audit at OUR Location, Not Yours, Using YOUR time efficiently.
Our audits are performed off-site in our office. We don't believe in your paying for our "Face Time". Furthermore, this allows for very little interruptions with you and your staff.
Starting the audit too early and/or without the proper documents generally results in rescheduling, audit delays, and unnecessary costs. We recommend that the following Document List be available at the start of the engagement. The turnaround time from the start of the audit to issuance of your report can be completed in as little as 3 weeks provided we receive the audit information on a timely basis.
Our Pricing Structure is a Low Flat Fee (Not an Estimate)
| |
|
|
|
|
Plan Size
(Participants)
|
(Fixed Fee)
|
(Discounted Fee)*
|
What the National
Firms are Charging
(Estimate)
|
| 100-299 |
$6,500 |
$5,850 |
$10,000+ |
| 300-499 |
$7,500 |
$6,750 |
$12,500+ |
| 500-749 |
$8,500 |
$7,650 |
$15,000+ |
| 750-1,500 |
$9,500 |
$8,550 |
$20,000+ |
| 1,500+ |
Call for Pricing |
Call for Pricing |
$25,000+ |
*To Qualify for Discounted Pricing, the audit fee is required to be paid in full anytime prior to the commencement of the audit.
**A 10% refundable security deposit is required upon the signing of the engagement letter
For instance, if your company had 175 plan participants, a December 31st fiscal year end, and you wanted to take advantage of the the Discounted Fee pricing according to the chart above, you would qualify for the Discounted fee of $5,850. You would be required to put down a $585 ($5,850 x 10%) Refundable deposit upon signing the engagement letter. The remaining balance of $5,265 ($5,850 - $585) would be due prior to the audit commencing (i.e., from now until approximately June of next year). That's it! No additional Fees! No hidden Charges!