Episode 10 - Filing Form 5500

The 401(k) Audit CPA Success Show (Episode 10): “The audit is driven by the number of eligible participants in the beginning of the year. If that number is over 100, then you will need an audit.” - Kim Moore

In this episode, Jamie Nau sits down with Kim Moore, the Summit CPA audit director, to talk about the Form 5500. The Form 5500 is going to be due soon. It’s a tax form that provides information to the IRS and the Department of Labor about your 401k plan. Listen to learn everything you need to know about the procedures and requirements of filing it.

The finer details of this episode:

• Due dates for the 5500 and the extension period
• Who can file the 5500 on your company’s behalf
• The process of filing your 5500
• The point at which you will need an audit
• Important details to review on the 5500
• The auditor’s responsibility with the 5500
• What to do if you can’t make the deadline

Episode resources