ERISA Section 103(a)(3)(C) audits of employee benefit plans primer

This Employee Benefit Plan Audit Quality Center (EBPAQC) primer provides a basic understanding of ERISA Section 103(a)(3)(C) audits of employee benefit plans.

This primer provides:

• A general description of the statutory and regulatory basis that permits the plan administrator to make the ERISA Section 103(a)(3)(C) audit election

• What constitutes a proper certification from a qualified institution

• Management’s responsibilities

• The ERISA Section 103(a)(3)(C) audit in the current environment

• The effect of the ERISA Section 103(a)(3)(C) audit election on the independent