Although this is not a complete  list of the items you may need if audited, having these items handy will be quite helpful. Please consult your ERISA attorney if you are ever audited.

Copies of current year and past years' plan documents and contracts.

Also include Form 5500's and other annual disclosures.

Copies of fiduciary liability insurance and fidelity bond.

 

Payroll records for current year and past years' showing employee and employer contributions. Include 401(k) Plan statements confirming receipt of contributions.

 

Schedule of all investments and plan assets for current and past year.

 

Copies of minutes of plan trustee/plan committee meetings.

Include client education meetings. 

Cornerstone Wealth Advisors, Inc. helps clients create and maintain a 401(k) compliance folder.

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Securities offered through Gradient Securities, LLC (Arden Hills, MN 866-991-1539).   Member FINRA/SIPC.  Investment advisory services offered through Cornerstone Wealth Advisors, Inc., a California and Texas Registered Investment Advisor. Gradient Securities, LLC and its representatives do not render tax, legal, or accounting advice.  Insurance products and services are offered through Michael Sellman, Independent Agent.  California Insurance License number 0G40881.  Cornerstone Wealth Advisors, Inc. is not affiliated with Gradient Securities, LLC. Gradient Securities, LLC and Cornerstone Wealth Advisors, Inc. are not affiliated with the Social Security Administration or any government agency. The presence of this website shall in no way be construed or interpreted as a solicitation to sell any products or services to any residents of any state other than where legally permitted. Check the background of this investment professional on FINRA's BrokerCheck ».

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