I received a short printed summary regarding comments made by Robert Doyle w/DoL. The comments related to audit requirements for plans with less than 100 participants. A possible exemption may exist for corporate trustee'd plans. I am looking for additional information.

Their is no exemption to my knowledge from the audit requirement in the case of corporate trustee providing certified statement of trust accounting for the period in question. This only allows the accountant to limit scope of the audit, and should result in lower fees for the service.

Well, I should read the message a little more carefully before responding. In general, a plan with less than 100 participants at the beginning of the plan year is exempt from the audit requirement per se.