Is your 401(k) plan documentation file ready for an audit?
As a retirement plan sponsor, a fiduciary
audit file checklist will help you to compile documents to keep your fiduciary
audit file up-to-date and assist with periodic reviews of your plan.
These documents should be readily at hand in the event that a DOL auditor shows up. This becomes easier if the advisor maintains an online filing cabinet for these and other plan documents that are also accessible to the plan sponsor.