OasisLMS

Part IV of the Employee Benefit Plan (EBP) Fundamentals program is made up of three modules which provide a deep dive into the intricacies of plan assets including:

• Accounting records
• Contributions
• Contributions receivable, other receivables, allowance for credit losses, and notes receivable from participants

Learning Outcomes

• Identify the accounting records you will use in your plan audits and the parties who maintain them
• Recognize the various sources and types of contributions in 401(k) plans
• Distinguish between contributions receivable, other receivables, and notes receivable from participants, and recall how potential credit losses impact 401(k) retirement plans

Key Topics

• Accounting records used in plan audits
• Rules governing contributions to 401(k) plans
• Rules governing contribution timings, limits, and loans

Who Will Benefit

Auditors who want a foundational understanding of Employee Benefit Plans (EBP) subject to audit under the Employee Retirement Income Security Act (ERISA), and how they differ from commercial entities they audit.