This Employee Benefit Plan Audit Quality Center (EBPAQC) advisory assists the plan sponsor, administrator or trustee in understanding the importance and benefits of establishing an effective monitoring program over service organizations that perform recordkeeping and reporting functions for your employee benefit plan. This advisory specifically addresses service organizations that perform recordkeeping and reporting services.
This advisory discusses:
ways to select and monitor outside service organizations that perform fiduciary duties for the plan
provides an understanding of financial information prepared by