COMPLIANCE SOLUTIONS
Plan Documents Audit Support
Ensure compliance & confidence.
Our specialized plan document services ensure that your retirement and benefit plan documents, including summary plan descriptions (SPDs) and IRS pre-approved volume submitter plan documents, comply with applicable laws and regulations. Our benefit plan audit includes a detailed review and analysis to identify any discrepancies, errors, or areas of non-compliance.
Specifically, we can assist with:
- Documents review to ensure they are meeting legal requirements
- Review of plan amendments and restatements
- Legal and operational compliance checks
- Risk assessment – identifying potential exposures and mitigation strategies
- Internal controls evaluation of plan processes and procedures
- Plan governance reviews
- Ongoing maintenance, monitoring and adherence to changing compliance legislation
Audit support
Navigating auditing processes can be daunting due to the level of effort, potential complexity and time required. However, audits serve to protect participants’ interests and ensure plan compliance.
Daybright can help.
We assist with audit readiness by preparing the necessary documents and reports and providing vital liaison services between your company and regulatory bodies.