You may be surprised to learn that if your company employs more than 100 eligible participants you are generally required by the Department of Labor to have an audit of your employee benefit plan (EBP). The Employee Retirement Income Security Act (ERISA) requires that the plan’s financial statements are audited in line with the Generally Accepted Auditing Standards, and that they are presented in line with the Generally Accepted Accounting Principles specifically for employee benefit plans. These audits require specially trained, experienced, and knowledgeable professionals, as we have at GPP, to effectively service your needs.
We know that the consequences of non-compliance are very significant so our first priority is to look for timely remittances and timely filings, and to test the compliance of your plan with your plan documents. We work with our clients to make sure that the plans are in compliance with ERISA reporting requirements and other governmental regulations.
Our EBP services include:
- Assistance with voluntary compliance programs
- 401(k) plan audit
- 403(b) plan audit
- Defined benefits plan
- Profit sharing plan
- Defined contribution plan
Goldin Peiser & Peiser, LLP is a member of the AICPA Employee Benefit Plan Audit Quality Center (EBPAQC), a national community of CPA firms focused on improving the services rendered for employee benefit plans. EBPAQC provides members with best practices, guidelines and tools needed to perform quality audits for employee benefit plans.
For more information about our employee benefits plan audits, please contact André Nel at 214-635-2607.