If your business sponsors an employee benefit plan subject to Title I of ERISA, you are subject to annual reporting requirements that may include an audit of the plan’s financial statements.
Dugan & Lopatka has more than 40 years of experience in performing employee benefit plan audits of all types. They include:
Defined Contribution Plans. For both 401k retirement savings plans that are established by an employer, and 403b retirement plans for employees of nonprofit companies, religious groups, and school districts.
Defined Benefit Plans. We also have extensive experience with Defined Benefit Plans, which is another type of employer-sponsored retirement plan where benefits are calculated on factors such as salary history and duration of employment.
Health & Welfare Plans. We also offer guidance and advice on either employer defined-benefit or employer defined-contribution Health & Welfare Plans. They include plans that provide:
- Medical, dental, visual, psychiatric, or long-term health care; severance benefits; life insurance; accidental death or dismemberment benefits;
- Unemployment, disability, vacations or holiday benefits;
- Apprenticeships, tuition assistance, day-care, housing subsidies, or legal services benefits; and
- Post-employment benefits such as salary continuation, supplemental unemployment benefits, disability-related job training and counseling.
Employee Stock Ownership (ESOP) Plans. The fifth type of ERISA plan Dugan & Lopatka we offer assistance with is ESOP plans. ESOP is a qualified defined-contribution employee benefit plan designed to invest primarily in the sponsoring employer’s stock.
Our firm has the flexibility, expertise and resources to handle audit engagements of all sizes. Currently, a global consulting firm with over 25,000 participants worldwide is our largest client. We also serve many organizations which have only slightly more than 100 participants.
- Dugan & Lopatka is a member of the American Institute of Certified Public Accountants Employee Benefit Audit Quality Center. As a member of the Center, our team receives ongoing training in the area of Employee Benefit Plans, understanding the risks that our clients face with these types of plans. Our people will be both efficient and thorough.
- We are a local firm with a dedicated team of auditors with low staff turnover which means you reap the efficiency gains of having the same talented audit team working for you from one year to the next.
In addition, Dugan & Lopatka will:
- Complete the work in a timely manner — meeting and exceeding your expectations and deadlines. In fact, we will guarantee it.
- Provide our services in the most cost effective manner, utilizing our expertise and efficiencies gained over many years auditing qualified plans.