Generally, all employee benefit plans with 100 or more participants are required to have an audit as part of their obligation to file an annual return/report (Form 5500) with the Department of Labor (DOL). If your employee benefit plan is required to have an audit, one of the most important duties of the plan administrator is to hire an independent quality accountant, and to ensure that the plan has obtained an audit in accordance with the Employee Retirement Income Security Act of 1974 (ERISA) and the DOL requirements.
We ensure that our employee benefit plan audits meet the ERISA and DOL requirements. Our firm participates in the AICPA and Texas State Board of Public Accountancy’s Peer Review program, which is dedicated to enhancing the quality of accounting, auditing and attestation services performed by Texas CPAs in public practice.
Contact us to find out how we can assist in performing an Employee Benefit (Retirement) Plan audit for your company.