Managing an employer sponsored retirement plan can be a challenging task. Not only does the company need to ensure proper processes and procedures are being followed but must also maintain compliance with both IRS and DOL regulations. As a plan grows so does the complexity of administration and ultimately the compliance regulations change. Once it crosses the threshold to “large plan” status (over 100 eligible participants) there is a requirement to undergo an annual ERISA audit.
These audits are designed to ensure plan operations are in compliance with regulations set forth in the Employee Retirement Income Security Act (ERISA). They are designed to test various aspects of operations, financial reporting, and administration. The findings not only ensure stakeholders with assurance the plan is in compliance with regulations, but also provides management with access to best practices and important insights.
Plan Audit Experience
Whipplewood CPAs provides benefit plan audit services to plan sponsors in Denver and across Colorado. Our team has years of experience working with defined contribution plans of all sizes to deliver an efficient, deadline driven, and insightful audit process. Concurrently, the hours of ongoing training received through the AICPA Employee Benefit Plan Audit Quality Center further enhances our technical knowledge. This unique blend of expertise and experience allows us to deliver important insights to management. Whether this is a first-year plan audit, or part of ongoing compliance, our team stands ready to assist.
Benefit Plan Audit Services
- Defined Contribution Plans including 401(k) and 403(b) Plans
- ERISA Compliance
- ERISA Section 103(a)(3)(c) or Full Scope Audits
- Form 5500 Preparation & Submission
- Plan Operations & Reviews
- Plans Requiring a SEC Form 11-K Filing
If you are unhappy with your current plan audit process or are simply interested in exploring an alternative, Whipplewood CPAs can help. For additional information call 303-989-7600 or click here to contact us. We look forward to speaking with you soon.