Employee Benefits Plan (EBP)

Employee Benefit Plans (EBPs) are designed to provide retirement, health, and other benefits to employees, with various structures to meet organizational and regulatory needs. We provide specialized audit and advisory services for a wide range of benefit plans, including 401(k), 403(b), profit-sharing, and defined benefit pension plans.

EBP Audit

Our team combines deep technical expertise with a client-focused approach to deliver services that not only meet regulatory standards but also provide valuable insights into plan operations and internal controls.

Defined Benefit Plan

Defined Benefit Plans offer predetermined retirement benefits, usually based on salary and years of service, with the employer assuming the investment risk.

Our Defined Benefit Plans Audit services are designed to provide thorough, professional evaluations of your plan’s financial reporting and internal controls. We work closely with plan administrators, trustees, and actuaries to ensure that contributions, investments, and benefit obligations are properly accounted for, risks are identified, and regulatory requirements are met.

Our Defined Benefit Plans Audit services include:

Comprehensive audits of financial statements prepared under GAAP or other applicable standards.
Verification of contributions, benefit payments, and investment transactions.
Review of actuarial assumptions and calculations to ensure accuracy and reasonableness.
Assessment of internal controls over plan administration and financial reporting.
Evaluation of compliance with ERISA, IRS, and Department of Labor regulations.
Preparation of clear, detailed audit reports for plan sponsors, trustees, and participants.
Recommendations to strengthen governance, internal controls, and reporting processes.

Defined Contribution Plan

Defined Contribution Plans, such as 401(k) or 403(b) plans, define contribution amounts, while retirement benefits depend on investment performance, often placing the investment risk on the employee.

Our Defined Contribution Plans Audit services provide a thorough review of your plan’s financial records, internal controls, and compliance with ERISA, IRS, and Department of Labor regulations. We work closely with plan sponsors, administrators, and trustees to verify contributions, investments, and distributions, helping safeguard participants’ retirement assets and maintain regulatory compliance.

Our Defined Contribution Plans Audit services include:

Comprehensive audits of financial statements prepared under GAAP or other applicable standards.
Verification of employee and employer contributions, investment transactions, and distributions.
Assessment of internal controls over plan operations and financial reporting.
Evaluation of compliance with ERISA, IRS, and Department of Labor requirements.
Identification of potential errors, discrepancies, or areas for process improvement.
Preparation of clear, detailed audit reports for plan sponsors, trustees, and participants.
Recommendations to enhance plan governance, reporting accuracy, and operational efficiency.

Health & Welfare Benefit Plan

Health and Welfare Plans provide coverage for medical, life, or disability insurance, including flexible spending or health savings accounts.

Our Health and Welfare Plans Audit services offer comprehensive evaluation of plan financial statements, internal controls, and regulatory compliance. We work closely with plan sponsors, administrators, and trustees to verify contributions, benefit payments, and plan operations, providing assurance that the plan is managed effectively and participants’ benefits are protected.

Our Health and Welfare Plans Audit services include:

Full audits of financial statements prepared under GAAP or other applicable standards.
Verification of employer and employee contributions, benefit disbursements, and reimbursement transactions.
Assessment of internal controls over plan administration, financial reporting, and eligibility determinations.
Evaluation of compliance with ERISA, IRS, and Department of Labor regulations.
Identification of errors, discrepancies, or operational risks.
Preparation of clear, detailed audit reports for plan sponsors, trustees, and participants.
Recommendations to improve governance, internal controls, and reporting processes.

EBP Advisory

EBP Advisory services are designed to help plan sponsors, trustees, and administrators optimize plan performance, manage risks, and ensure compliance with ERISA, IRS, and Department of Labor requirements.

Stock Bonus / ESOP

Stock Bonus and Employee Stock Ownership Plans (ESOPs) allow employees to receive company stock as part of their compensation or retirement benefits.

Our ESOP Advisory services include:

Feasibility studies and plan design tailored to company goals and workforce structure.
Guidance on ESOP financing, transactions, and corporate restructuring.
Compliance support with ERISA, IRS, and Department of Labor requirements.
Valuation and monitoring of plan assets and stock ownership allocations.
Assessment of fiduciary responsibilities and governance best practices.
Recommendations to enhance plan efficiency, employee participation, and long-term sustainability.
Support for plan terminations, mergers, or ownership transitions involving ESOPs.

Multiemployer Plan (MEP)

Multiemployer Plans are maintained by multiple employers, typically within the same industry, and are often collectively bargained.

Our Multiple Employer Plan Advisory services include:

Assistance with MEP formation, including plan design and adoption for multiple employers.
Guidance on compliance with ERISA, IRS, and Department of Labor requirements.
Evaluation of plan governance, fiduciary responsibilities, and internal controls.
Strategies to streamline plan administration and reduce operational complexity.
Monitoring and reporting of contributions, investments, and participant allocations.
Support for plan mergers, terminations, or transitions between MEP structures.
Recommendations to enhance efficiency, participant outcomes, and long-term sustainability.

Other Specialized Plans

Other Specialized Plans include supplemental executive retirement plans (SERPs), vacation, severance, or other non-qualified plans tailored to specific employee groups.

Our Other Specific Plan Advisory services include:

Design and implementation of non-qualified executive benefit plans, SERPs, and deferred compensation arrangements.
Guidance on compliance with ERISA, IRS, and Department of Labor requirements where applicable.
Review of plan funding, governance, and fiduciary responsibilities.
Evaluation of plan documentation, agreements, and reporting procedures.
Recommendations to enhance plan efficiency, risk management, and participant satisfaction.
Support for plan amendments, terminations, or transitions.