Financial Assurance Services for Employee Benefit Plans
Our CPAs are equipped to work with a variety of employee benefit plans:
- Defined Contribution Retirement Plans
- 401(k) Plans
- 403(b) Plans
- Defined Benefit Pension Plans
- Frozen and Terminated Pension Plans
We have successfully assisted clients in the following capacities:
- Plan design and implementation
- Assurance of plan compliance (ERISA, IRS and U.S. Department of Labor)
- Identifying and advisement of operational and fiduciary errors
- Preparation of IRS Form 5500
- Preparation of summary annual reports
Does your employee benefit plan need an audit?
Generally, federal law requires employee benefit plans with 100 or more participants as defined by ERISA to have audited financial statements attached to their Form 5500 filings. Smaller plans may also need to have an audit if they do not meet certain conditions exempting them from the audit requirement.
A quality audit will help protect the financial integrity of your employee benefit plan and ensure that the necessary funds will be available to pay retirement and other promised benefits to your employees. A quality audit will also will help you carry out your legal responsibility to file a complete an accurate annual return or report for your plan each year.
We truly enjoy our work, and we will strive to make the process enjoyable for you too. We are committed to understanding the specifics of your plan and how it affects your employees. Audits are tailored to your unique needs and goals and will include compliance testing (ERISA, IRS and DOL) that is both objective and accurate.
Our Employee Benefit Plan Audit Practice Leader, Zoe Davis, is a Certified Public Accountant and Certified Fraud Examiner with over 20 years of experience working with a variety of unique employee benefit plans. The firm is also a member of the Employee Benefit Plan Audit Quality Center. This program was established to help its members achieve the highest standards in performing quality employee benefit plan audits. Membership requires that Firms maintain a consistent level of quality with respect to audits of employee benefits plans and staff continuing education requirements.