Annual Audit Services

The vendor is required to provide financial audits for the books and records of the 457(b) plan for the years ending December 31, 2024, 2025, 2026, 2027, and 2028 and render an opinion on the financial statements of the 457(b) plan and other related items for those years to satisfy the 457(b) plan’s audit requirements under part 9005 of the rules and regulations of the state board.
- The selected proposer will also perform financial audits for the books and records of the 401(a) plan for the years ending December 31, 2025, 2026, 2027, and 2028 and render an opinion on the financial statements of the 401(a) plan and other related items for those years.
- The board will notify the proposer if it requires an audit for the 401(a) plan for the year ending December 31, 2024.
- Prepare a financial statement of the net assets available for plan benefits and the related statements of changes in fiduciary net assets available for plan benefits for the year then ended, which statements shall be prepared in accordance with generally accepted accounting standards; and
- Conduct an audit of the financial statements described in the paragraph above in accordance with auditing standards generally accepted in the states.
- On-site visits to the office of the county comptroller as necessary to perform the services.
- Testing of individual participant accounts to verify contributions, earnings, loans, distributions, and other activity.
- Verification of fees earned by the administrative service agency, trustee, and any other financial organization.
- Confirmation of all account balances as reported by the administrative service agency, trustee, and any other financial organization.
- Contract Period/Term: 5 years
- Questions/Inquires Deadline: April 23, 2025