In addition to meeting the requirement of the Internal Revenue Service related to your Form 5500 filing, an employee benefit plan audit also addresses various requirements of the Department of Labor, including ensuring:
- Proper application of your plan’s eligibility requirements
- Proper application of your plan’s compensation, deferral, and matching provisions
- Proper valuation and reporting of your plan’s various investments
In addition to financial statement audits, other services we provide our employee benefit plan clients include:
- Assistance addressing communications from the Department of Labor
- Assistance identifying and implementing new accounting standards relevant to your plan
- Internal control evaluations to identify and improve controls over accounting and compliance
To discuss how we can help your employee benefit plan, contact one of our experts today.
