Employee Benefits Plans

Employee Benefit Plan Services

Experienced Employee Benefit Plan Auditing

Audits of employee benefit plans present unique and complex challenges to the plan fiduciaries. There is the need to ensure that your plan is in compliance with Department of Labor (DOL) rules and regulations and that the plan is being operated in accordance with the requirements of the Employee Retirement Income Security Act of 1974 (ERISA). With over 20 years’ experience auditing benefit plans, our engagement team takes a proactive approach to help you resolve issues that could lead to DOL and ERISA violations.

Although third-party administrators may be involved in the plan’s operations, fiduciary responsibility still lies with the Plan’s trustees and the officers of the plan sponsor. Our professionals understand these risks and our audit approach is designed to make sure that this fiduciary responsibility is being fulfilled and executed properly.

AICPA Employee Benefit Plan Audit Quality Center Member AICPA%20Print-EBPAQC_right_1c

As a member of the American Institute of CPAs’ Employee Benefit Plan Audit Quality Center, we are committed to adhering to the highest quality standards by voluntarily agreeing to the Center membership requirements, which include designating a partner responsible for our Employee Benefit Plan Audit practice, establishing quality control programs, performing annual internal inspection procedures, and making our peer review report findings publicly available. At KPM, our goal is to continue to enhance our quality initiatives within our Employee Benefit Plan Audit practice to deliver the highest quality audit services possible.

Experienced Employee Benefit Planning Professionals

Our experienced team of professionals has extensive experience working with plan management to mitigate risks and adhere to regulatory requirements. At KPM, we take pride in the continuity of staff on each engagement which leads to a better understanding of the plan’s operations and enhanced audit efficiencies.

Whether you have a single-employer or multi-employer plan, defined benefit or defined contribution plans, health and welfare plans, or Employee Stock Ownership Plans (ESOP), we have the right approach for your plan audit. Our proactive client service will work closely with the plan fiduciaries to ensure a complete and accurate annual return to file with the DOL.

Employee Benefit Plan Services

KPM can assist clients with a wide variety of employee benefit planning services, including:

  • 401(k) Plan Audits
  • 403(b) Plan audits
  • Defined Benefit Plan Audits
  • Employee Stock Ownership Plans (ESOP) Audits
  • Health & Welfare (H&W) Plan Audits
  • Preparation of Form 5500
  • Agreed-upon Procedures
  • 457 Plan Design Consulting
  • Service Provider Reviews
  • Technical Risk Assessment