Self-Audit Guidelines

[Guest AEA]

I imagine that there are threads on this board somewhere on this topic, but I can't seem to search them out. I am looking for a good set of self-audit guidlines for a DB plan to conduct an internal audit. Anyone know where some could be found?

I realize that the IRS has audit guidelines, but think they would be too much for most plan administrators. For some reason, I thought that someone (IRS, DOL, Corbel, ASPPA, etc.) had created something like this, but I can't seem to find them anywhere.

Thanks in advance!

[SoCalActuary]

We have developed, thru a cooperative effort, checklists for administering DB plans.

This serves as an internal audit, quality control, and training device.

The challenge is that each item in the checklist requires detailed knowledge of the subject matter.

If someone has not read 401(a)(26) as an example, then how do they know if the plan complies?

The checklists are a nice road map, and serve as a reminder of what issues to consider.

Then it is up to the qualified professionals to dig deeper.