EBP2433. Contributions and Participant Data: Part II

Learning Objectives:

• Identify the various contribution types that are typical in a defined contribution plan and review the annual limits.
• Identify the participant and employer contributions based on the fundamental track case study's plan provisions, considering eligibility and eligible compensation for each type of contribution.
• Recall the risk assessment of relevant assertions and the planned audit procedures of the case study.
• Indicate sampling and testing procedures utilizing examples from the case study for payroll, definition of compensation, participant eligibility, participant data, contributions, and the timely remittance of contributions.
• Recognize common errors found in testing of contributions, eligibility, and participant data.