Taking Command of Your 401(k) Plan’s Internal Controls 

It’s essential for 401(k) plans to have strong controls to prevent fraud, inaccuracies and remain in compliance with federal agencies. Layering a variety of controls into your 401(k) plan processes provides an extra layer of security, but they should be reviewed periodically to ensure they’re still effective. Five common controls can help keep your 401(k) plan in compliance, but are these controls being employed fully and correctly? Kim Moore, Director and 401(k) practice leader, and Karen Hill, audit and assurance manager, were joined by Kristin Cortez, an audit and assurance supervisor with the firm, to discuss best practices and share actionable tips to help manage your internal controls.