Audit and Assurance

Employee Benefit Plans

 

​In today's competitive economy, you must offer a strong benefit plan if you want to attract and retain top talent. But that's obvious. The challenge lies in staying up to date on complex and rapidly changing rules and requirements from the AICPA, the Department of Labor (DOL), and the IRS. Even if you can stay up to date, understanding the impact of these changes on your benefit plan can be perplexing. At the same time, there is increasing scrutiny on plan fiduciaries and growing responsibility placed on them - all while regular plan operations are being carried out by other departments and external providers.

EKS&H provides a range of high-quality full- and limited-scope audits of nearly all types of employee benefit plans, including:
  • Qualified and unqualified
  • Defined contribution
  • Defined benefit
  • 11K
  • 403(b)
  • 401(k)
  • Health and welfare
  • Employee stock ownership plans
We focus on internal controls and systems, participant loans, contributions and related receivables, and benefit or claim obligations. In addition, we prepare Form 5500 tax returns and other IRS-required filings. Through a variety of strategic practices and processes, our goal is to provide you with the highest quality and efficient audit possible.

Our Reputation and Qualifications

Our dedicated employee benefit plan team performs more than 250 audits annually for public and private businesses and organizations of all sizes in all industries. Our clients' plans range from just over 100 eligible participants to plans with tens of thousands. Plan asset sizes range from several hundred thousand dollars to more than $1 billion.

EKS&H is a member of the AICPA Employee Benefit Plan Audit Quality Center, and we annually attend the AICPA National Employee Benefit Plans Conference. Through these sources and our extensive internal continuing education, our professionals maintain the strongest technical knowledge of GAAP and ERISA requirements, ensuring we have the expertise and ability to serve your employee benefit plan audit needs.

Talk with Our Service Area Lead

Connect with Theresa McDowell to discuss your employee benefit plans options.

Contact Theresa »

DOL Focuses on Quality of Employee Benefit Plan Audits

Theresa McDowell

The Department of Labor recently began contacting employee benefit plan administrators regarding the risk of substandard audit work. This warning comes as a result of a recently published DOL study “Assessing the Quality of Employee Benefit Plan Audits.” Here are some important questions to ask your audior following the DOL report. Read more »

EBP Compliance: 5 Strategies to Stay Complaint - and Avoid a DOL Audit

Theresa McDowell

If there was ever a time for executives and employee benefit plan administrators to take a closer look at their compliance policies and procedures, this is it. Regardless of whether your reporting deadline is approaching, or you are in the midst of plan changes for next year, the following are five areas the DOL target for EBP audits. Read more »

EBP Compliance: Preventing Audit Deficiencies

Theresa McDowell

A 2015 Department of Labor Employee Benefits Security Administration report underscores the importance of using experienced EBP auditors. In this article, EKS&H Partner Theresa McDowell highlights some key considerations when choosing an EBP auditing firm. Read more »