This is the first of three courses in the series dedicated to helping new employee benefit plan auditors identify common audit areas and give specific examples of how to test each area. Participants will view step by step walkthroughs of how testing is carried out in real practice and learn why certain testing procedures are necessary.

In this course participants learn how to develop an audit strategy that is linked to risk, understand the importance of plan compensation and how to calculate it, common eligibility considerations, and how to reconcile key documents like the trust report, census and payroll reports. The detailed examples were designed to give participants knowledge and skills that can be implemented immediately and reduce the EBP learning curve.

Course Key Concepts: Audit, Limited, Scope, Employee, Benefit, Plan, EBP Audit, Disclaimer, DOL, Trust Report, Payroll, Eligibility, Compensation, Census.

Learning Objectives
  • Recognize the requirements of audit evidence and the linkage of risk to your audit testing.
  • Identify the process and purpose of testing plan compensation, eligibility, and entry into the plan.
  • Discover why reconciling the trust report, census and payroll reports are essential to the audit process.
  • Discover how to navigate the plan documents to identify how to properly test plan compensation and eligibility.
Last updated/reviewed: March 6, 2024
9 Reviews (26 ratings)


Member's Profile
The instructor provided very helpful information. He is very clear and easy to follow. The samples are practical.

Anonymous Author
Excellent way of explaining each portion of plan testing. Easy to understand and apply to the actual testing.

Member's Profile
clear speech. excellent presentation of the material. relevant examples. experienced author

Anonymous Author
Great course. Very easy to follow. Great examples from the professor.

Member's Profile
The instructor was clear and concise, and covered the material well.

Member's Profile
Real quick refresher. I look forward to taking the second part.

Anonymous Author
it is very well organized and clear to understand the points.

Member's Profile
liked the course looking forward to learning more about ebps

Anonymous Author
Very good overall review of EBP Audit key concepts.

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course. However it is recommended to take other EBP Audits courses by Corey Schmidt.
Introduction to Testing Employee Benefit Plan Audits - Part 2
Introduction to Testing Employee Benefit Plan Audits - Part 3

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
  Introduction to Testing Employee Benefit Plan Audits - Part 11:04
  Audit Evidence and Testing Strategy9:34
  Plan Compensation Vs. Gross Compensation6:53
  Eligibility and Plan Entry2:58
  Eligibility Testing4:41
  Reconciling Source Docs7:08
  Department of Labor6:30
  Conclusion 3:18
  Introduction to Testing Employee Benefit Plan Audits - Part 142:05
  Slides: Introduction to Testing Employee Benefit Plan Audits - Part 1PDF
  Introduction to Testing Employee Benefit Plan Audits - Part 1 Glossary/ IndexPDF