What is Your Company’s Greatest Asset?
Almost, if not every, company will say "our people." You know that benefit plans are essential to attracting and retaining key employees, yet the Department of Labor reports that 75 percent of all benefit plan audits are deficient. We understand why.
The laws and compliance issues surrounding the management and administration of benefit plans are complex and constantly changing. This means poorly managed plans not only can result in employee retention issues, but also could lead to severe monetary or civil penalties.
We have a record of working with clients to audit various benefit plans and to help reduce the risk of penalties or litigation. In the process, we help our clients gain knowledge about their plans, determine the most cost-efficient audit approach and offer recommendations for improvement.
Our audit services include auditing the following:
- Defined Contribution Plans
- 401(k) plans
- 403(b) plans
- Defined benefit plans
- Health and welfare plans
- Audits for other types of plans with 100 or more participants
Related Non-Audit Services include:
- Cafeteria plans
- Employee stock ownership plans
- Cross-tested plans
- Analysis of tax benefits or consequences
Our specialized professional team is trained and experienced in a variety of benefit plans. Our process is efficient and professional and our clients benefit from having this expertise and experience. If you would like to know more about how we can help you, please complete the Contact Us form or call us at (630) 665-4440.