Full and Limited Scope 401(k) Audits
Newburg | CPA provides DOL‑required 401(k) retirement plan audits for organizations that meet ERISA audit requirements, including plans subject to the 100‑participant rule and other large plan audit thresholds. We perform both full‑scope 401(k) audits and limited‑scope audits under ERISA Section 103(a)(3)(C), based on your plan’s structure and investment certifications.
As a boutique CPA firm specializing in 401(k) and employee benefit plan audits, Newburg | CPA combines a hands‑on, local service model with the technical depth and resources typically associated with larger firms. Our size allows us to be highly responsive and relationship-driven. Our national reach ensures your audit is conducted in strict accordance with ERISA, the Department of Labor (DOL), and Form 5500 audit requirements.
Our team works closely with plan sponsors, third‑party administrators, payroll providers, and trustees. We support a smooth audit process with minimal disruption to your finance and HR teams. If your plan requires an independent audit opinion, Newburg | CPA provides knowledgeable audit specialists with deep employee benefit plan experience to help you meet ERISA requirements with confidence.
Why Choose a Specialized 401(k) Audit CPA Firm?
401(k) retirement plan audits are not general financial statement audits, rather they are highly regulated employee benefit plan audits governed by ERISA and enforced by the U.S. Department of Labor. Partnering with a specialized 401(k) audit CPA firm like Newburg | CPA helps reduce fiduciary risk and means your audit is performed in accordance with current DOL standards and best practices.
Newburg | CPA is a proud member of the AICPA Employee Benefit Plan Audit Quality Center (EBPAQC), reflecting our ongoing commitment to audit quality, continuing education, and technical excellence in retirement plan compliance. We are also a BDO Alliance firm, giving our clients access to national‑level resources, thought leadership, and technical support while still benefiting from the personalized service of a boutique firm.
Our team regularly supports CFOs, controllers, and HR leaders who are seeking a trusted, outsourced 401(k) audit partner that combines approachability with deep ERISA knowledge.
Clients choose Newburg | CPA because we help them:
- Meet ERISA audit requirements with confidence.
- Reduce fiduciary and compliance risk.
- Mitigate costly Form 5500 penalties.
- Address IRS and DOL compliance with clarity.
- Receive a reliable, independent audit opinion.
What Do Our 401(k) Audit Services Include?
Newburg | CPA’s employee benefit plan audit services are matched to the size and needs of your plan and include:
- Full‑scope 401(k) audits for plans without certified investment information.
- Limited‑scope 401(k) audits (ERISA 103(a)(3)(C)) relying on qualified investment certifications.
- Plan contribution testing to confirm timely and accurate remittance.
- Participant data testing for eligibility, deferrals, matches, and distributions.
- Plan compliance testing under ERISA and plan document provisions.
- Preparation of audit‑ready Form 5500 financial statements and disclosures.
Each engagement is led by professionals with deep experience in retirement plan compliance and employee benefit plan audit standards.
Audit Process and Reporting Standards:
Newburg | CPA’s 401(k) audit process is designed to help plan sponsors meet DOL compliance and Form 5500 audit requirements while minimizing internal workload. We coordinate closely with your internal team and external service providers to promote timely information flow, clear expectations, and a predictable audit timeline.
Because employee benefit plan audits are a core focus of our practice, we proactively address common audit risks, including late contributions, incomplete participant data, and plan document inconsistencies before they become larger issues. Our approach emphasizes accuracy, transparency, and regulatory readiness.
Our goal is to help plan sponsors:
- Maintain IRS and ERISA compliance.
- Reduce fiduciary exposure.
- Address Form 5500 filing delays and penalties.
- Provide clear, reliable reporting to plan participants.
Serving Retirement Plan Sponsors Locally and Regionally
Newburg | CPA supports retirement plan sponsors seeking a 401(k) audit in Massachusetts and throughout New England, offering a local, relationship‑driven experience backed by national‑level knowledge. As a boutique 401(k) audit firm and BDO Alliance member, we deliver the best of both worlds: personal attention, responsiveness, and deep ERISA knowledge, supported by the resources of a national network.
If you are looking for a local 401(k) audit CPA firm with national reach, Newburg | CPA is well-positioned to support your organization.
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