Retirement Plans Community Topics
IRS Resources
Top Ten Tips to Prepare for an Efficient Audit |
|
Below are tips to assist you in preparing for an examination of the return for your plan and trust. Underlined text embedded in each one of the ten tips below will link you to detailed information on that tip.
-
-
Plan documents, including amendments, summary plan description, etc. (include all prior versions requested)
-
Opinion letters/determination letters
-
Requested records efficiently organized
-
Agreements with service providers
-
-
-
-
Administrative forms (e.g., salary deferrals, payment elections, spousal consents)
-
Loan and hardship documentation
-
Be prepared to provide all applicable test results (e.g., coverage, ADP/ACP, discrimination, top-heavy)
-
-
Practices and procedures
-
Internal controls
-
-
-
-
|
|
|