Why Your Company Should Audit Its Retirement Plan Now

ARTICLE | January 05, 2026

No business owner wants to receive a surprise visit from federal auditors, especially when it comes to their company's retirement plan. Yet every year, the IRS and Department of Labor uncover the same compliance violations that could have been easily prevented with proactive self-auditing.

The stakes are higher than you might think. A simple oversight like depositing employee deferrals a few days late can trigger penalties, while more serious violations involving ERISA compliance or worker classification issues can result in substantial tax bills, interest charges, and legal complications that drain both time and resources from your business.

The good news? Most retirement plan compliance problems are preventable and correctable when caught early. By conducting regular internal audits and understanding the most common pitfalls that trip up employers, you can protect your company's financial interests while ensuring your employees' retirement security remains intact.

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