ERISA section 103(a)(3)(C) audits plan advisory

This EBPAQC advisory provides the plan sponsor, administrator or trustee, with an understanding of ERISA Section 103(a)(3)(C) audits of employee benefit plans under ERISA. Generally, ERISA requires employee benefit plans with 100 or more participants to have an audit as part of their obligation to file an annual return/report (Form 5500 Series). If your employee benefit plan is required to have an audit, in certain circumstances described in this advisory, you have the option to instruct the auditor not to