Pension Plan Audit Checklist
Use this checklist to systematically review and document the compliance and operations of a pension plan.
Audit Date
*
 -
Month
 -
Day
Year
2 digit month, 2 digit day, 4 digit year
Date
Auditor Name
*
First Name
Last Name
Plan Sponsor/Company Name
*
Plan Type
*
Please Select
Defined Benefit
Defined Contribution
Hybrid
Other
Plan Documentation Review
*
Rows
Compliant
Not Compliant
Not Applicable
Plan document is up to date and signed
1
2
3
Summary Plan Description provided to participants
4
5
6
Amendments are properly documented
7
8
9
Contribution Compliance
*
Rows
Yes
No
N/A
Employer contributions made on time
10
11
12
Employee elective deferrals deposited promptly
13
14
15
Contribution calculations are accurate
16
17
18
Participant Eligibility & Enrollment
*
Rows
Yes
No
N/A
Eligibility requirements are clearly defined
19
20
21
Enrollment procedures are followed
22
23
24
Participant records are accurate
25
26
27
Investment Policy & Oversight
*
Rows
Yes
No
N/A
Investment policy statement is current
28
29
30
Investments reviewed regularly
31
32
33
Fees are reasonable and disclosed
34
35
36
Participant Communication
*
Rows
Yes
No
N/A
Required notices sent to participants
37
38
39
Annual statements provided
40
41
42
Communication records maintained
43
44
45
Overall Plan Compliance Rating
*
1
2
3
4
5
Comments or Findings
Submit Audit Checklist
Should be Empty: