This session is part of the fundamental case study and will cover audit completion and financial reporting for a defined contribution plan, focusing on the fundamental track case study, including required communications to management and those charged with governance.

What does an ERISA prohibited transaction look like?  Learn what ERISA prohibits, which parties to watch; also, identify which transactions are not problematic at all (especially in a 401(k) context).   Finally, ROBS -- the rollover business start-ups. . . why they are a great source of financing for companies and don't implicate prohibited transactions.

Plan Design will drive the types compliance testing needed. This session will review the types of compliance testing and the steps needed to properly execute testing. In the event of compliance testing failures, alternative testing will be reviewed. Correction methods will be reviewed in case compliance testing failures are not timely identified and addressed.

What you need to know NOW about SAS No. 136, Forming an Opinion and Reporting on Employee Benefit Plans Subject to ERISA. This session will help you gain an understanding of SAS No. 136 and will discuss what you can do now to get ready for the new performance requirements, including engagement acceptance considerations, discussion about the risk assessment and response relating to relevant plan provisions and reportable findings, and required procedures relating to the ERISA section 103(a)(3)(C) audit.