Employee Benefit Plan and Retirement Plan Audits
Helping you get more from your benefit or retirement plan audit
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 is twofold. First, a determination must be made on whether the plan follows ERISA, DOL, and IRS regulations and standards. The second objective is to 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 a 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:
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Solutions
Contact Steven Peiffer, Senior Manager, using the fillable “Contact Us” form on this page for a confidential discussion of your audit needs, Form 5500, Form 990, and Form 990T filing questions, or to submit an RFP.
Industries
Adams Brown provides employee benefit plan and retirement plan audit services for companies or organizations in the following industries:
Testimonials
Recent Posts
Avoiding Common Mistakes in Your Employee Benefit Plan Audit
Act Now to Save Headaches – and Costs – Later By Holly Ives Common mistakes that many organizations make in administering their employee benefit plans (EBPs) can end up costing…
New Rules for ‘Limited Scope’ ERISA Audits Designed to Improve Quality
Rules Effective for Most Plans in 2022 By Meagan Wellbrock, CPA New rules governing ERISA plan audits will impose new responsibilities for certain matters on plan sponsors, particularly those who…
Employee Benefit Plan and Retirement Plan Audits Team Leader:
Steven Peiffer
Contact Us: