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Our CPA firm offers comprehensive audit services for employee benefit plans. With a deep understanding of auditing standards and a commitment to excellence, we provide thorough audits that not only meet compliance requirements from the U.S. Department of Labor (DOL) but also offer insights into operational efficiencies and risk management.
Our team provides audit services with a commitment to client service, performing audits that are efficient, effective, and scalable.
Employee benefit plans can be categorized as large or small plans. Small plans generally do not require an audit. A large plan has more than 100 participants with balances as of the first day of the plan year. Generally, a large plan requires an audit, as mandated by the Employee Retirement Income Security Act (ERISA).
Defined contribution plans, defined benefit plans, and health plans are all subject to ERISA. The annual audit is attached to the Form 5500 (Annual Return/Report of Employee Benefit Plan) filing. The Form 5500 filing is due seven months after the plan year end. You can request a 2 ½ month extension.
Plan management has elected to exclude certain investment information that a qualified institution holds and certifies for the audit.
Plan management has elected to exclude certain investment information that a qualified institution holds and certifies for the audit.
Our team has significant benefit plan audit experience successfully working with the human resources teams of plan sponsors, third-party administrators, and other relevant stakeholders.
We optimize technology to execute our benefit plan audits efficiently while guiding the plan sponsor through its compliance with DOL, IRS, and ERISA requirements.
We are a trusted partner that seamlessly integrates with client teams to foster a collaborative environment.
We create scalable and sustainable processes, enabling long-term success.
Dedicated expertise
Our auditors bring a wealth of knowledge, executing audits efficiently to the highest standards of quality.
Long-term partnership
We see our services as a stepping stone to a long-lasting relationship, where we continue to offer guidance and support to help you manage and optimize your employee benefit plans.
Insights
As part of the audit process, notwithstanding the generally industry-agnostic nature of benefit plan audits, we take time to understand your business and industry, enabling us to provide relevant and strategic insights to the human resources teams of the respective plan’s sponsor.
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