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Defined contribution plans

About this topic

Based on the AICPA Competency Framework: Employee Benefit Plan Auditing, these learning resources are designed to enhance CPAs’ knowledge and skills necessary to perform high-quality employee benefit plan audit engagements. Use these resources to build competencies around auditing employee benefit plans and set yourself apart in the market so that clients and employers feel confident in your work and ability to conduct these audits.

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Summary of Key Plan Document Provisions Relevant to a Defined Contribution Retirement Plan Audit

This tool will help in understanding the plan entity and in designing substantive audit tests in various audit areas.

Tool Defined contribution plans Intermediate

Employee Benefit Plan Audit Quality and Firm Best Practices

This archived webinar presents an overview of the most common deficiencies identified by the DOL and provide a discussion of best practices for your firm's EBP audit...

Webcast Defined contribution plans Foundational

Firm Preparedness Checklist for Employee Benefit Plan Audits

This checklist is a non-authoritative practice aid to assist member firm designated ERISA audit partners in assessing their firm's preparedness for the ERISA audit...

Tool Defined contribution plans Intermediate

New Employee Benefit Plan Audit Risk Areas Disclosures of Offsetting Assets and Liabilities

This report discusses audit risk areas relating to disclosures of offseetting assets and liabilities with a special emphasis on plan fees.

Report Financial reporting Intermediate

403(b) Plans

This primer provides general information about 403(b) plans, including a description of the nature and characteristics of these plans.

Report Defined contribution plans Foundational

Employee Benefit Plans - Parties in Interest and Prohibited Transactions

This document provides general information about employee benefit plan parties in interest and prohibited transactions under ERISA.

Report Prohibited transactions/tax considerations Foundational

Tax and Compliance Issues for 401(k) Plans

​This document provides a general understanding of the tax and compliance requirements for 401(k) plans that are subject to the reporting requirements under the ERISA.

Report Prohibited transactions/tax considerations Foundational

Employee Benefit Plan Audits Developing Reports Using the Clarity Standards

This report discusses unique considerations for the proper development of audit reports issued on EBP financial statements.

Report Financial reporting Intermediate

Stable Value Funds and Investment Contracts

This document provides information about the nature and characteristics of stable value investments, the risks associated with such investments, and references to the...

Report Plan investments & fair value Foundational

Applying Accounting Rules for Measuring and Reporting Fair Value of Plan Investments

This document will help plan sponsors and administrators comply with the requirements of FASB ASC 820.

Report Plan investments & fair value Intermediate

Insurance Company Products Offered to Employee Benefit Plans

​This primer provides an overview of various types of products offered by insurance companies.

Report Plan investments & fair value Foundational

Plan Investments in Bank Collective Investment Funds

This document includes discussion of the unique characteristics and structure of collective investment funds.

Report Plan investments & fair value Foundational