This EBPAC tool assists plan sponsors and other stakeholders in the proposal and evaluation process to obtain quality audit services for employee benefit plans. This tool addresses each step of the proposal and evaluation process. The tool:
Describes the request for proposal (RFP) contents
Contains a checklist of items that should be considered in preparing an RFP
Discusses the proposal evaluation and auditor selection process
Provides information about how to find an auditor.
This should be used for reference purposes,