Employee Benefit Plan Audits
Employee benefit plans are subject to specialized financial, operational and regulatory requirements. We can help you uncover discrepancies that can surprise you months and years down the road.
Any plan sponsor that has an audit requirement needs a benefit plan audit. Employee benefit plan audits include pension, health and welfare, and 401(k) plans subject to the Employee Retirement Income Security Act (ERISA) under the regulatory authority of the U.S. Department of Labor (DOL). Generally, federal law requires employee benefit plans with 100 or more participants to have an audit as part of their obligation to file an annual return/report (Form 5500) and to comply with Securities and Exchange Commission (SEC) requirements.
Our experienced benefit plan auditors provide you with:
- A cost effective engagement at a fair fee
- Efficient coordination with the plan sponsor, trustee and administrator that results in timely, accurate reporting
- A quality product in compliance with all reporting and disclosure requirements
- Timely completion of reports in advance of the filing deadlines that enables you to allocate human resources with confidence
- Responsive technical support during the plan year, which avoids year-end
problems and delays
- A complimentary review of your fiduciary structure, process and policies
Brown Smith Wallace has nearly 40 years experience in providing consulting and audit services. In the hundreds of benefit plan audits we have performed, our expertise has helped catch numerous details that could be seen as potential problems by regulators.
Our membership in the AICPA’s Employee Benefit Plan Quality Audit Center, provides you with confidence knowing our processes, training, policies and procedures comply with applicable professional standards, rules and regulations for ERISA employee benefit plan audits. We were one of the first five Missouri-based firms to be initially accepted into the Public Company Accounting Oversight Board.
Learn more about the benefit plan design and administration services provided by our affiliated company, Benefit Plans Plus,LLC.
