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Plan Level Information
Audit Information / SAS 70 Reports


Overview
In order to provide recordkeeping services to our Plan Sponsors and participants, ING management, together with their employees, has developed and continues to maintain a detailed system of workflow practices, which ensures that the highest standards of customer satisfaction are achieved. Within these workflows is a system of "checks and balances", referred to as internal controls. ING's independent auditors annually review and evaluate this system of internal controls to ascertain its operating effectiveness. This examination is referred to as the "SAS 70" examination.

ING's SAS 70 examination and resulting report concentrates on the retirement plans relating to ING's defined contribution business (i.e., 401(a), 401(k), 403(b), and 457 plans) offered by ING Life Insurance and Annuity Company and its insurance subsidiary.

Why do auditors request the SAS 70 reports?
The SAS 70 report helps our Plan Sponsors to fulfill annual audit requirements. In performing the annual audit of the Plan Sponsor's benefit plan, independent plan auditors are responsible for 1) assessing the degree of risk that ING's contract and plan administration functions have on the Plan Sponsor's benefit plan financial statements and 2) determining the adequacy of ING's internal control environment.

One way for the independent plan auditors to make their assessment and obtain assurance that ING has adequate internal controls is by obtaining the SAS 70 report. The SAS 70 report provides valuable control-related information to the plan auditors and assists them with fulfilling their audit requirements.

To obtain your copy of the SAS 70 report, click here.

Copies of the SAS 70 report obtained from this website are not to be used by individuals representing ING for the purposes of obtaining new business. Individuals who need a copy of the SAS 70 report for these purposes should contact Jane Smith at XXX-XXX-XXXX.

 
 

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