Employee Benefit Plan Audits
Erisa Requirements For Employee Benefit Plans
As a business owner, you likely offer a benefit plan to your employees. But did you know that according to the Employee Retirement Income Security Act of 1974, businesses and organizations with more than 100 eligible participants covered by a plan must adhere to an employee benefit plan (EBP) audit? Failure to comply can leave your business at risk of losing its tax-exempt status with the IRS.
Helping Businesses Navigate Employee Benefit Plan Audits
Employee benefit plan audits are nothing short of complex, so partnering with an accredited team of certified, professional accountants is vital to ensuring your plans’ compliance with industry standards. Hawkins Ash CPAs has a team of skilled and experienced professional staff specializing in Employee Benefit Plan auditing per ERISA and DOL requirements. We’re capable of auditing plans that range in size from 100 to more than 7,500 participants with assets in excess of $2 billion and can accommodate in-person or remote audits depending on your needs.
Employee Benefit Plan Services
- Evaluation and analysis of financial plans
- Ensuring compliance with ERISA and DOL regulations and requirements
- Assessments of internal controls and plan operations
- Preparation and review of Form 5500
Employee Benefit Plan Consulting
In addition to providing audit services, our team is capable of helping businesses through educational consulting services for employee benefit plans. Our CPAs are committed to helping you understand the ins and outs of your plan regardless of your educational background or comfort level. We offer training to help understand and identify issues, fix mistakes, and implement actions to prevent future errors.
Since the Employee Retirement Income Security Act (ERISA) was passed in 1974, our CPA experts have set the standard for excellence in employee benefit plan services. Through our AICPA and WICPA memberships, our team continues to undergo specialized training to stay updated on changes in law, code, and regulations annually. You and your employees can rest assured knowing that the complexities of your EBP plan are in good hands.