Ensure Your 401(k) Plan Stays Fully Compliant with Expert Audit Services
If your business has 100 or more eligible participants, federal regulations require an independent 401(k) audit. Manay CPA delivers seamless, third-party audit services backed by 20+ years of experience, CPA licensing, and a proven track record serving 7,000+ clients across all 50 states. Stay compliant, protect your employees, and avoid costly penalties.
Our mission
Trusted by America's leading businesses since 2001. As a U.S. Chamber Top 100 Small Business and Inc. 5000 #1593 firm, we deliver accurate, efficient, and fully compliant 401(k) audits that protect your business and your employees.
Services
What Does a 401(k) Audit Include?
A 401(k) audit is an independent review of your company's retirement plan, required by the Department of Labor (DOL) for plans with 100 or more eligible participants at the beginning of the plan year. The audit ensures that your plan is managed properly, contributions are accurate, and employee benefits are protected.
Why Choose Manay CPA for Your 401(k) Audit
Manay CPA is a trusted partner for employee benefit plan audits, serving businesses across all industries and all 50 U.S. states. Our expertise, technology, and commitment to compliance ensure your audit is accurate, efficient, and stress-free.
Trusted by America's Leading Businesses
In October 2024, we were named one of the Top 100 Small Businesses in the United States by the U.S. Chamber of Commerce—selected from over 14,000 applicants nationwide. This prestigious recognition honors our dedication to innovation, client satisfaction, and continuous growth. We are truly humbled and honored to be recognized as one of the Top 100 Small Businesses in America. This achievement reflects the passion and dedication of our incredible team. — Burcu Bree Manay, CPA, CEO & Managing Partner
FAQ
Frequently Asked Questions About 401(k) Audits.
When is a 401(k) audit required?
A 401(k) audit is required when your plan has 100 or more eligible participants at the beginning of the plan year. This includes all employees eligible to participate, regardless of whether they are enrolled.
What happens if I don't get a 401(k) audit?
Failure to obtain a required audit can result in DOL penalties, IRS fines, plan disqualification, and personal liability for plan fiduciaries. Penalties can reach $2,400 per day for late Form 5500 filings.
How long does a 401(k) audit take?
Most 401(k) audits take 4-8 weeks depending on plan complexity, participant count, and document availability. Manay CPA’s technology-driven process ensures efficient turnaround times.
What documents do I need for a 401(k) audit?
You’ll need plan documents, trust agreements, Form 5500 filings, financial statements, payroll records, participant census data, contribution records, distribution records, and loan documentation.
Can Manay CPA audit plans in all 50 states?
Yes. Manay CPA is licensed to provide audit services in all 50 U.S. states and serves clients nationwide.
What if the audit finds issues with my plan?
If compliance issues are identified, we provide clear recommendations and guidance for correcting them through the IRS Voluntary Correction Program (VCP) or DOL Self-Correction Program (SCP).