Description

This session will focus on the distribution process of a defined contribution plan.

Attendees will:

• Identify the various types of distributions

• Recall how to design audit procedures to cover the identified assertions

• Identify testing procedures, including sampling, over the various types of distributions (retirements, rollovers, hardships, loans, etc.) as well as the different forms of payment (lump sum, annuities)

• Recall that testing will include vesting considerations

• Recall the testing and financial reporting for participant loans

Speaker(s):

• Mark A. Blackburn, CPA, CGMA, Partner, LBMC,PC
• Travis Jack, Managing Member, Metz & Associates PLLC