Specifications include, but are not limited to: 1.Identify the payroll registers and payroll cycles for the reporting unit (employer).2.Obtain an understanding of the employer’s payroll accounting systems and systems of reporting information to the Plan. The reporting often is done through “employer (payroll) transmission reports” or some similar vehicle. The term “Transmission report” is used in this document to refer to the reporting vehicle, although the actual report name may vary.3.Obtain the population of employer transmission reports submitted to the plan during the year. Determine if the population received is complete compared to your understanding of the employer’s payroll registers and cycles. Select a sample of employer transmission report to verify the mathematical accuracy of reports and whether the correct contribution rates were used.4.Obtain the employer’s reconciliation of employer transmission reports to the corresponding payroll registers during the year. Test the employer’s reconciliation by re-performing the reconciliation if performed over cumulative data or by selecting a sample if reconciled periodically throughout the year.5.Obtain an understanding of the employer’s process for enrolling new employees and reporting status changes to the plan other than those reported through the employer transmission reports –if applicable.
