Ep #15: Navigating Retirement Plan Audits with Brad Bartells from MUN CPAs
Brad Bartells is a Partner at MUN CPAs with 20 plus years of experience auditing employee benefit plans.
3/30/2021 - 64 minutes
Episode Summary
A retirement plan audit tends to be pretty low on the "fun" scale for most plan sponsors. However, plan audits are both required for larger companies and play an important role in the successful management of a retirement plan.
Today Brad Bartells, Partner and Plan Auditor at MUN CPAs, will be joining the show to share his expertise on how plan sponsors can prepare for their plan audit and what advisors can do to assist them. Listen in as Brad breaks down what plan sponsors should look for in a plan auditor, how auditors can provide additional value to client relationships, a recently released new audit standard, cybersecurity issues, and DOL areas of focus for 2021.
What You'll Learn
- How plan sponsors can prepare for their audit and what advisors can do to assist them.
- DOL areas of focus in the 2021 exam cycle.
- New audit standards that were recently released and are going to be impacting plan sponsors over the next 12 months or so.
- What plan sponsors should look for in a plan auditor.
- How auditors can actually provide additional value to client relationships.
- Why cybersecurity should be at the top of your priority list.
Links to Resources
Ideas Worth Sharing
- “You need to know if your service providers are having issues that could jeopardize the assets and the data of your planned participants.” - Brad Bartells
- “We’re trying to help plan sponsors make their plans the solidest and the best they can be.” - Brad Bartells
- “Don’t click on those strange links and emails.” - Brad Bartells