Pension Plan Auditing

Department of Labor rules and regulations under the Employee Retirement Income Security Act of 1974 require that all retirement plans, with greater than 120 participants at the beginning of the plan year, have an independent audit of the plan. We audit the statement of net assets available for benefits of our clients' 401(k) savings plan as of the plan's year end and the related statements of changes in net assets available for benefits for the year then ended.

These financial statements are required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under ERISA to be filed with Form 5500. Our audits are conducted in accordance with generally accepted auditing standards except that, as permitted by Regulation 2520.103-8 of the DOL's Rules and Regulations for Reporting and Disclosure under ERISA.