It’s that time of year when calendar year-end plans are beginning to conduct plan audits.
Each retirement plan with more than 100 eligible plan participants as of the first day of the plan year is required to have an independent audit.
Remember that PNC Retirement Solutions® can assist you with your plan’s audit:
As a part of our signature-ready Form 5500 package, you will receive your plan’s SAR so you can distribute it to participants. However, if you would like us to facilitate the mailing of the SAR to all eligible participants, we can do so. Simply contact your Account Manager for assistance with the distribution of your plan’s SAR, including an estimate for shipping and handling charges that may apply.
Remember that PNC Retirement Solutions does not provide legal, tax, or accounting advice, so you should review your plan’s Form 5500 with your appropriate advisors before filing it with the Department of Labor.
The PNC Financial Services Group, Inc. (“PNC”) uses the marketing names PNC Retirement Solutions® and Vested Interest® for defined contribution plan services and investment options provided through its subsidiary, PNC Bank, National Association (“PNC Bank”), which is a Member FDIC. PNC Bank also provides custody, escrow, and directed trustee services; FDIC-insured banking products and services; and lending of funds. Insurance products may be provided through PNC Insurance Services, LLC, a licensed insurance agency affiliate of PNC, or through licensed insurance agencies that are not affiliated with PNC; in either case a licensed insurance affiliate may receive compensation if you choose to purchase insurance through these programs. A decision to purchase insurance will not affect the cost or availability of other products or services from PNC or its affiliates. PNC does not provide legal, tax, or accounting advice unless, with respect to tax advice, PNC Bank has entered into a written tax services agreement. PNC does not provide services in any jurisdiction in which it is not authorized to conduct business.
“Vested Interest” and “PNC Retirement Solutions” are registered service marks of The PNC Financial Services Group, Inc.
Investments: Not FDIC Insured. No Bank Guarantee. May Lose Value.
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