Do you know if your company’s retirement plan (aka employee benefit plan) needs an audit in 2021? Are you familiar with your plan’s audit requirements and corresponding deadlines? If not, this is a great place to start. We’ve created the following quiz to help you answer the question, ‘Does my retirement plan require an audit?’
If you’re craving more information about ERISA’s audit requirement, due dates, and who should perform the audit, read our blog post, “This Is When You Need To Have An Employee Benefit Plan Audit.”
Take The Quiz – Find Out If Your Retirement Plan Requires An Audit
- Plan year: a 12-month period. Your plan year could be a calendar year, January 1 – December 31. Or, it could be an alternative period such as July 1 to June 30.
- Eligible participant: an employee who meets plan eligibility requirements at the beginning of the plan year, including those who opt-out or employees who have left the company but still have plan balances
Have questions about your quiz results and your retirement plan audit requirements? Let’s talk!