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Employee Benefit Plan
Audits
We understand the complexities of pension plan
auditing and the importance of smooth interaction amongst the auditor,
employer, the custodian and the plan administrator.
We have experience in auditing 401 (k) plans, VEBA, and welfare benefit
plans. Our Audit Partners have over 30 years of combined experience in
auditing benefit plans. Our clients benefit from the personal in-depth
and quality service we provide. We have experience in dealing with and
resolving issues with the Internal Revenue Service (IRS) and the
Department of Labor (DOL). We have extensive experience in the
following areas:
- Agreed-upon procedures
- Auditing employee benefit plans
- Evaluating internal controls
- Financial statement disclosures
- Forensic accounting and auditing
- Fraud auditing
Since 401 (k) audits are required for the majority of retirement plans
in excess of one hundred active participants at the beginning of any
plan year, we are well versed in working with these plans as well as
all the supplemental schedules and specific reporting required by
ERISA, DOL and Accounting Principles Generally Accepted in the United
States of America (GAAP). We understand the qualification requirements
and are aware of issues with prohibited transactions, deemed
distributions and reporting failures:
- Contingent Benefits
- Hardship Distributions
- Loans
- Partnership Issues (CODA)
- Prohibited Transactions
- Section 415
- Top-Heavy Requirements
- Violations relating to Distributions
- Violations relating to Testing
For more information,
please contact
us online
or call us at 305.567.0150.
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