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What Documentation does a CPA firm need to conduct a 401(K)-plan audit?

The plan document, adoption agreement and amendments, current-year census and payroll data, trust or custodial statements, contribution records, participant account information, and prior-year Form 5500 filings.

Additional documentation may include employee records, distribution and loan  applications, compliance testing, forfeiture activity, investment information, service-provider reports, plan committee minutes and evidence supporting the plan’s internal controls.

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