It seems like the retirement plan audit season kicks off a bit earlier each year. Thanks to big improvements in recordkeeping technology and increased emphasis on regulatory compliance, service providers have “audit packages” available for us earlier and earlier as the years go by.
Here at Pension Assurance LLP, the team is in full swing pulling audit packages from service providers’ online systems and requesting audit documents from clients, record keepers, and third-party administrators.
One of the more satisfying things about the work we do here at Pension Assurance is seeing the timeliness of plan audits improve so dramatically. Here, it is not uncommon for us to see audits that used to be filed near the extended filing deadline every year completed before the first regulatory deadline (July 31 for calendar year plans).
That’s the power of singular focus. We’ll get moving on your audit as soon as you’re ready and reports are available!