401(k) Audits - Truth vs. Myth

Introduction The 401(k) Fridays podcast offers companies of all sizes free strategic, educational and actionable content to improve  their retirement plans.  My name is Rick Unser and I am your host.  All episodes leverage my nearly two decades of experience working with employers to bring you candid interviews with industry experts, new best practices and valuable perspectives on current events. Episode Summary The main focus of our conversation is determining if some common employer beliefs about retirement plan audits are truth or myth. John also pulls from his experience to offer some tips to employers who are preparing for their first audit and best practices for some grizzled veterans to help their audit run smoothly. Guest Bio My guest today is John Russon, a retirement plan auditor and founder of Pension Assurance, a single purpose audit firm that specializes in auditing qualified retirement plans.  In 2005, after spending several years working at both “Big Four” and local CPA firms, John launched a small, independent practice dedicated to the audit of retirement plans. This fledgling practice was merged with a local CPA firm in 2006. Over the next seven years, the practice grew substantially. In 2007, the practice performed he formed Pension Assurance.  As of early 2016, John and his firm audit over 170 retirement plans.  According to the recent Department of Labor study, this puts them in the top 2% of firms that audit retirement plans.  This also gives them great perspective on what is happening in the marketplace. Show Links Retirement Plan Auditor Sample RFP Questions DOL Study on Retirement Plan Auditors For my information please visit www.401kfridays.com