Plan with 100+ employees IQPA audit requirement rules

[Basically]

Got a call from a CPA who asked if there is a rule that eliminates the IQPA audit rule for a plan that has more than 100 participants.  He said this plan is a SH plan. I told him I didn't think there is any relief.  Am I mistaken?  Anything?

[Lou S.]

None that I'm aware of.

The only recent change I recall to the audit rules is now you need more than 100 participants WITH ACCOUNT BALANCES and not just 100 eligible.  Assuming none of the 80-120 rules comes into play.

[RatherBeGolfing]

On 1/10/2024 at 4:51 PM, Lou S. said:

None that I'm aware of.

The only recent change I recall to the audit rules is now you need more than 100 participants WITH ACCOUNT BALANCES and not just 100 eligible.  Assuming none of the 80-120 rules comes into play.

This is correct.  Starting 2023, it changes from eligible participants to participants with an account balance to determine the count for the audit trigger.  Other than that, no changes.