401(k) Audit Basics, Part 2 - Participant Data and Contributions Testing

Course Details

Date

Thursday, May 1, 2025

11:00am – 1:00pm (Registration: 3:02pm)

Location

Online

Field of Study

Accounting & Audit

CPE Credit

2 hours CPE credit

Level of Knowledge

Beginning

Vendor

AICPA

Prerequisites

None

Description

Participant data and contributions testing (bold)

Employee benefit plan audits are quite different from corporate audits and require an understanding of the unique audit areas specific to plans.

Part 2 of the 401(k) audit basics series addresses participant data and contribution testing, including:

  • What participant data needs to be tested and why
  • The different ways a participant can enroll in a plan
  • The various types of contributions received by a 401(k) plan
  • Parties in interest and prohibited transactions
  • Common issues and errors seen in these areas

    Highlights

  • Participant data testing
  • 401(k) plan contribution types
  • Parties in interest and prohibited transactions

    Objectives

    • Identify what participant data needs to be tested and why.
    • Recall the different ways a participant can enroll in a plan.
    • Distinguish the various types of contributions received by a 401(k) plan.
    • Recognize parties in interest and prohibited transactions.
    • Distinguish unique issues that should be considered when planning 401(k) plan audits.

    Designed For

    Auditors new to employee benefit plan auditing

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    Course Pricing

    WYOCPA Member Fee
    $125.00

    Non-Member Fee
    $149.00

    Your Price
    $149.00

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