Audits of employee benefit plans | 401(k) plan audits

When it comes to the audit of your Company's employee benefit plan, quality makes the difference. The higher the quality of the audit, the more you can rely on the plan’s financial statements. And the more you can rely on the financial statements, the more you can ensure that promised benefits will be available for your employees. It’s their future financial security, but accuracy is your responsibility.

If you fail to manage an employee benefit plan in accordance with the Internal Revenue Code and ERISA requirements, the IRS and DOL may impose sanctions of up to 20% of plan assets.

Ensuring that your auditors are skilled in the unique requirements of employee benefit plan audits is critical to good plan management. Their lack of experience or attention to your audit could be your liability.

BBD’s experienced employee benefit plan audit professionals can help to ensure the quality, timeliness, and precision of your plan’s audit. We are a voluntary member of the Employee Benefit Plan Audit Quality Center. The Center is a national community of CPA firms that demonstrate a commitment to maintaining employee benefit plan audit quality. As one of a limited number of Center members in the Philadelphia metropolitan area, we are in a unique position to access resources that benefit our clients.

We provide audit and tax services for employee benefit plans of varied types and sizes, including the following:

Defined contribution plans, including profit-sharing, 401(k) and 403 (b) plans
Defined benefit pension plans
Defined benefit health and welfare plans
Defined contribution health and welfare plans
Various fringe benefit plans, including cafeteria plans, group medical plans, disability income plans, dependent care assistance plans, and educational assistance plans

Benefit Plan Audit & Tax

Is it time for your benefit plan's first audit, or is it time for a change?

BBD offers quality that is critical.

Contact us to learn more about our employee benefit plan audit services.

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