Identify key regulatory changes by the Department of Labor (DOL), including updated participant thresholds and the 80

120 rule, that determine when a retirement plan audit is required.

Recognize common audit deficiencies, such as inaccurate contributions, vesting errors, and forfeiture mismanagement, and develop proactive strategies to address them.

Understand best practices for preparing for an audit, including reconciling census data, maintaining accurate documentation, and ensuring compliance with plan provisions.

Determine criteria for selecting a qualified auditor, emphasizing expertise, audit quality, and alignment with the specific needs of the retirement plan.