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401(k) audits

Your Responsibility

"Generally, Federal law requires employee benefit plans with 100 or more participants to have an audit as part of their obligation to file an annual return/report (Form 5500 Series). If your employee benefit plan is required to have an audit, one of the most important duties of the plan administrator is to hire an independent qualified public accountant. The sponsor of the plan is the plan administrator under the law unless another individual or entity is specifically designated to assume this responsibility." (U.S. Dept. of Labor)

Your Duty

We understand that employers sponsor 401(k) retirement plans for a number of reasons including enhanced recruitment, employee retention, and most importantly, because it is the right thing to do for your extended corporate family.

As the sponsor it is your duty to manage your company's plan in a manner that ensures not only compliance with all applicable laws, but also in a way that supports its growth and minimizes its related administrative expense - including the cost of a mandatory annual audit.

Our Solutions

Our firm takes the view that an excess dollar spent on an audit in fact represents a dollar that the plan, or sponsor, is deprived of. As such, we have tailored our approach to providing 401(k) audit services by:

  • Performing "Limited Scope" audits (as permitted under Reg. 2520.103-8)

  • Providing cost-effective fixed-fee terms that typically do not escalate during or after the engagement

  • Training - our team members receive ongoing training specific to 401(k) audits

  • Developing a workflow plan on the front-end of the engagement that is feasible to all parties

  • Performing our work in a manner that reduces prolonged distractions to client personnel

  • Minimizing our audit team's physical time onsite by obtaining relevant information and performing testing from our offices

Selecting an Auditor

We strongly urge all sponsors and third-party administrators to take a moment to visit the U.S. Department of Labor's website to review their recommendations regarding selecting an auditor. The information provided via the following link can be invaluable in your decision-making process:

If our employee benefit audit services are of interest to your plan, please contact us to schedule a non-binding consultation.

"I just wanted to let you know that I am extremely pleased with the work provided by Robertson & Robertson. We used their services to perform an annual audit, which really opened our eyes to our operations. They were able to objectively help us identify issues within our accounting information system that resulted in a very positive impact to our "bottom line", which is valuable for any company in any industry. Robertson & Robertson is a trustworthy and professional accounting firm that I would recommend to any company looking to become more profitable and knowledgeable about their operations".

Javed Meghani
Chairman & CEO, Mega Energy

"2010 was the first year US Imaging, Inc. used Robertson & Robertson, PLLC to prepare the 401(k) audit for our plan's Form 5500. Ben Robertson and Carisma Robertson were extremely professional, yet personable to work with. They were certainly knowledgeable and I would recommend them without hesitation."

Martha Law
CFO, US Imaging, Inc.

"Robertson & Robertson have managed to combine the expertise you would expect from a 'Big Four' firm while still retaining the personal touch. From day one they showed a genuine interest and quickly grasped the issues particular to our business. They have given valuable guidance to our financial team. Our audits have been carried out efficiently and diligently with the minimum of disturbance to the accounting functions. Above all, I have appreciated their objective feedback and support. I highly recommend doing business with them as they will bring about great benefits".

Richard Wakim
President, Brilliant Energy

"In 2011, we engaged Robertson & Robertson, P.L.L.C., to perform our 2010 annual SAS 70 (Type II) audit, and found them to be thorough, professional and consistent with the guidelines established for this particular type of audit. Their firm proved to be infinitely approachable when questions or concerns arose, and were quick to respond to our queries. In all, their knowledge and expertise helped our company to improve our processes, focus on objectives needing to be fine-tuned and left us in an excellent position for the upcoming transition to the SSAE 16 audit."

Mike Pettey
President, Alliance Benefit Group of Houston

"Working with Robertson & Robertson is a very pleasant experience. Their staff is very knowledgeable and up to date on the latest laws and requirements. They are thorough yet considerate of your time. They create a comfortable enough atmosphere to make our review relatively painless. We will be working with them again next year."

Lori Biehle
Vice President, Phoenix Millwork, LLC

"Thorough and professional - those two words summarize my impression of the CPA services provided by Ben Robertson of Robertson & Robertson. From the initial engagement interview, to the final financial review report, to conscientious follow-up, Robertson & Robertson made sure all the "i's" were dotted and all the "t's" were crossed and that JES Tech had everything we needed to fulfill our reporting obligations. Thanks Robertson & Robertson!"

Keith Sabin
Vice President, JES Tech