For more information on our employee benefit plan advisory services for defined benefit plans and defined contribution
plans including 401(k) and 403b, contact our Employee Benefit Plan
For the latest employee benefit plan news, view our Compensation and Benefits
We know how strongly you value your employees. You need to establish and maintain a retirement plan that supports their retirement goals. EisnerAmper is committed to
We also know you need distinct retirement plan arrangements for your executives.
The retirement objectives of your executives may vary significantly from those of your other employees. For this reason, many companies choose to implement separate and distinct retirement plans for their key executives. The professionals at EisnerAmper have decades of experience designing, implementing and administering non-qualified executive retirement plans for their employees.
Finally, we know that you need to be fiscally responsible when it comes to the expenses of your retirement plans.
The variety of retirement plan solutions on the market provides plan sponsors with options to reduce your overall plan expenses. Wrap plans, for example, are becoming increasingly common for sponsors that have multiple health and welfare plans. Wrap plans are legal documents that combine multiple welfare plans of a single sponsor into a single plan. By instituting a wrap plan, the sponsor can simplify administrative processes and costs and improve the legal compliance of the plans. For more information on wrap plans, click here.
Our personal approach to your benefit plans affords you the attention and customized service you require and allows us to quickly respond to your needs as they arise, while our technical expertise enables us to effectively design new plans and modify existing ones.
Advisory and Compliance
Design and Implementation (Qualified and Nonqualified Plans)
Defined Contribution/401(k) Plan and ESOP Recordkeeping
Plan Access to Investments
Additional Employee Benefit Plan Services
Compiled Plan Financial Statements
Our well trained staff will compile a complete set of plan financial statements, including footnotes and supporting trial balance, to provide to a plan sponsor’s outside auditor. In addition to partner and manager reviews, such financial statements are independently reviewed prior to issuance, pursuant to our internal quality assurance review process.
Agreed-Upon Procedures Engagements
In certain instances, primarily related to risk management regarding an existing plan or in circumstances whereby an unrelated plan is being considered for a merger with an existing plan, plan sponsors request our highly qualified plan auditors to assist them with specific areas of concern relative to plan operations. The scope of an agreed-upon procedures engagement is flexible and generally focuses on specific areas of plan operation such as timing of the deposit of employee deferrals, calculation of employee deferrals and employer contributions, eligibility and distributions.
In sponsoring a qualified plan, many requirements exist, not only for compliance with government regulations, but also in terms of understanding and valuing plan investments. Plan management is responsible for investment valuations and financial statement disclosures of investments and valuation methodology. Plan sponsors have retained EisnerAmper to (1) prepare the pension footnote for the Company’s financial statement, including summarizing and reviewing annual fair value leveling information for defined benefit plan assets as received from third party service providers; (2) prepare trial balances, including monthly analysis and reconciliation to detailed reports; (3) perform interviews with personnel and review of documentation for each process to obtain an understanding of the plan; (4) analyze internal processes related to the plan’s recordkeeping to improve processes internally and achieve greater efficiency; (5) assist with ongoing plan expense charges incurred, determine allowable plan expenses and allocation amongst the sponsor’s plans.
EisnerAmper performs special projects and consulting engagements for plan sponsors in need of specific plan assistance regarding potential or identified issues with eligibility, vesting, employee and employer contribution calculations, remittances of contributions and loan repayments, forfeitures and distributions. In addition, we provide consultation on plan mergers, plan terminations, operational defects (for example, not following the plan’s definition of compensation when calculating contributions), prohibited transactions (for example, late remittance of contributions), auditor independence issues, and compliance matters.
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