This EBPAQC tool is intended to assist plan management in assessing whether the conditions for electing an ERISA Section 103(a)(3)(C) audit have been met.
The tool provides background information on the ERISA Section 103(a)(3)(C) audit election and obtaining a proper certification from a qualified institution and allows plan management to document its assessment of whether:
The investment information is prepared and certified by a qualified institution
Whether the certification is signed by an authorized representative
The qualified institution certified both