Benefit Plan Audits

Getting more from a compliance requirement

If your business or organization has more than 100 employees and provides an employee benefit plan (EBP), you may be required by the Department of Labor (DOL) to engage an entailed, independent CPA firm to perform an ERISA audit of that plan. The key objectives of an employee benefit plan audit are twofold:

  1. A determination must be made on whether the plan follows ERISA, DOL and IRS regulations and standards
  2. Ensure plan trustees are meeting their fiduciary responsibilities

In addition to meeting compliance and reporting requirements, EBP audits are an opportunity to discover material weaknesses in internal controls. EBP audits position you as an effective steward of the plan’s financial resources by identifying opportunities to streamline plan benefits, features and operations.

Kansas ERISA Audits

Among the types of employee benefit and retirement plans requiring annual audits or compliance reporting activities are:

  • 401(k) plans
  • 403(b) plans
  • Defined benefit pension plan
  • Employee Stock Ownership Plans (ESOPs)
  • Health and welfare benefit plans
  • Master trust arrangements
  • Profit-sharing plans
  • Union-represented plans



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Administrative & waste support services company – Hutchinson, KS


Industry Specializations for Benefit Plan Audits