Akron, OH (PRWEB) January 29, 2014
Tegrit Group is pleased to announce that the control procedures and compliance for its Plan Administration Process have been verified under the terms of the Statement on Standards for Attestation Engagements No. 16 (SSAE 16) by independent auditing firm Bober Markey Fedorovich.
“We are pleased to again receive confirmation from external experts that our controls, policies and procedures continue to adhere to the industry demands set forth under SSAE 16”, said Mike Spickard, Tegrit Group’s CEO. “Only a handful of third-party administration firms submit themselves to the rigor of these high standards. Our clients and their auditors are assured of our commitment to the highest quality service and professional standards, and I am proud of the diligence of Tegrit’s hard-working associates who have created and implemented the many requisite procedures and policies”.
SSAE 16, developed by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA), replaces the Statement on Auditing Standards No. 70 (SAS 70), which was the standard used for reviewing service organization control processes for nearly two decades. Teghrit Group has received the SSAE 16 Report, SOC Type II assessment.
Bober Markey Fedorovich performed an independent audit and extensive testing of control activities and effectiveness at Tegrit Group's headquarters, with a full assessment of:
- Control Objectives and Related Controls
- Risk Assessment Process
- Information Systems Environment
- Plan Administration Process
- Information and Communication
- Human Resources Policies and Procedures
About Tegrit Group
Tegrit Group is a national leader in retirement plan consulting, plan administration and technology services for public and private plan sponsors. With over 130 associates, our team includes experts in the pension industry with decades of private and public sector experience focused on delivering tools and consulting that support the culture, needs and goals of a broad based spectrum of retirement plan services. Tegrit Group provides services to more than 2,000 employers.
Locations include: Cleveland, Columbus and Akron, Ohio, and Livonia, Michigan.
For more information: http://www.tegritgroup.com or call 1.877.7.Tegrit (1.877.783.4748).