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Benefit Plan Audits

Our Approach

Our primary focus is to ensure the employee benefit plan audit is performed in an effective and efficient manner in accordance with Generally Accepted Accounting Standards (GAAS). We work with a wide range of clients, from medium-sized businesses to publicly-traded companies, across California and the US. Your plan will benefit from our extensive network of pension-related services groups, including pension administrators, attorneys and asset managers.

Additionally, we continually strive to ensure clients receive a superior level of service throughout the engagement, which is why our engagement teams receive ongoing internal and external training throughout the year to ensure that we match our staff experience with the best fit for your benefit plan audit needs.

Services

If your organization has an employee benefit plan with 100 or more participants, generally, you’re required by law to have an audit as part of your obligation to file an annual return/report (Form 5500) with the Department of Labor (DOL). To help you meet this requirement, our employee benefit plan auditors perform timely and competitively priced services for:

  • 401k Audits
  • 403b Audits
  • Audits of Defined Contribution Plans (e.g., profit-sharing plans, stock bonus plans, etc.)
  • Employee Stock Ownership Plans (ESOP Audit)
  • Health and Welfare Benefit Plan Audits (e.g., medical, dental, unemployment, disability, etc.)

As a result of your benefit plan audit, you will be provided with a full set of audited financial statements that meet all the statutory requirements of the IRS, DOL and ERISA. Our auditors will also make suggestions for improvements if they identify any compliance problems or internal control deficiencies.

Associations

aicpa-employee-benefit-plan-audit-quality-center-memberArmanino is a member of the AICPA Employee Benefit Plan Audit Quality Center, a firm-based voluntary membership center for firms that audit employee benefit plans. Our auditors are dedicated to meeting the challenges of performing quality audits in this unique and complex area.

Experts

Resources

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