recognizes the increasing complex regulatory environment to ensure that plan sponsors are in compliance with the Internal Revenue Services and U.S. Department of Labor.
Generally, federal law requires employee benefit plans with 100 or more participants as defined by ERISA to have audited financial statements attached to their Form 5500 filing. Smaller plans may also need to have an audit if they do not meet certain conditions exempting them from the audit requirement.
We audit the following types of benefit plans:
- Defined contribution plans
- Defined benefit plans
- Health and Welfare plans
- 401(k) plans
Our services include:
- Financial audits
- Preparation of Annual Return/Report of Employee Benefit Plan Form 5500
- Assistance with Department of Labor Compliance
- Review of Operational Compliance based on plan documents
For more information on our employee benefit plan services, contact Keith H. Purcell, CPA.