Best Practices for Reviewing Your Retirement Plan Financial Statements

Two Women Reviewing Financials
  • 1/25/2018
  • Webinar
  • Hosting Speaking

The Employee Retirement Income Security Act of 1974 (ERISA) requires annual audits of financial statements for large plans, or those plans with more than 100 eligible participants, measured on first day of the plan year. At the conclusion of the annual audit, plan sponsors are required to review the plan’s financial statements and sign a representation letter.

Because retirement plan financial statements have unique reporting and disclosure requirements, it can be confusing as to what the best process is to conduct the review and what resources (such as plan reports, plan documents, and disclosure checklists) can be utilized in the review process.

This webinar shared the key compliance and reporting requirements auditors examine as part of the audit process. We explained how your plan’s management can best fulfill fiduciary requirements, discussed how to properly review your plan’s financial statements prior to filing the annual Form 5500, and determined whether you should bring in a third party to assist with the review.

Session Handouts

* Disclosure Checklist from Practitioners Publishing Company (PPC)
* Importance of Hiring a Quality Auditor and Employee Benefit Plans Financial Statement Audits from AICPA

Speakers:

Event materials

For more information:

  • Reshma McHale
  • Marketing Associate
  • CLA Milwaukee Innovation Drive