Employee Benefit Plan Audit (ERISA Qualified Plans)

EisnerAmper is proud to be one of the largest auditors of employee benefit plans in the United States. By working with EisnerAmper for your employee benefit plan audit, you will benefit from:

Experience

EisnerAmper audits more than 450 employee benefit plans annually, including defined contribution plans [including 401(k), 403(b), profit sharing, pension and 11-k], defined benefit and health and welfare plans, and any benefit plans subject to ERISA.

The firm has been an active member of the American Institute of Certified Public Accountants (“AICPA”) Employee Benefit Plan Audit Quality Center since its inception, and multiple members of the team have served on the Employee Benefit Plan Expert Panel of the AICPA.

Training

Our dedicated team members receive comprehensive annual training each year, providing you with knowledgeable, competent team members who can audit your employee benefit plan effectively and efficiently. In each of the last five years, the firm has offered nearly 50 hours of employee benefit plan-specific education to more than 275 employees.

The senior members of this practice are 100% dedicated to serving the employee benefits industry. They keep abreast of upcoming industry and regulatory changes through industry-wide events and an intensive continuing education program and actively work with you to prepare for new accounting and audit changes prior to the required implementation date.

Knowledge Sharing

We recognize that your annual plan audit is a requirement for the U.S. Department of Labor (“DOL”). We also realize that our in-depth analysis offers opportunities to add value to your organization. Our team members pride themselves on transferring knowledge to your plan administration staff. We explain our audit procedures and document requests so that your employees understand the “why.” By sharing this insight, your employees gain confidence and can positively impact the day-to-day operations of the plan long after audit fieldwork has ended.

Proven Success

EisnerAmper has been selected for review by the DOL three times over the last 10 years as part of their standard practice of “auditing the auditors.” In each review, we received zero comments. With an average failure rate of nearly 40% in these reviews, we are extremely proud of our positive results.

The firm has undergone peer review multiple times and has always received a “Pass” rating, which is the highest possible rating.

Communication

Just as we are committed to keeping our own staff educated and knowledgeable in the employee benefit plan space, keeping your HR and finance professionals up to date on the latest accounting, tax and benefit plan guidance is an important consideration of our practice.

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Our Employee Benefits Blog quickly highlights topics of interest for plan sponsors of 401(k) plans, 403(b) plans, and other ERISA-qualified plans as well as non-qualified plans;
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Our on-demand webinars cover all the latest employee benefit plan guidance in a comprehensive format
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Our recent podcast series addresses employee benefit plan considerations in light of COVID-19 and the CARES Act;
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Our annual client letter focuses on the key areas plan sponsors need to consider before their audit begins.

Additional Services

Information on the firm’s additional employee benefit plan services—including Form 5500 preparation, voluntary compliance program assistance and other advisory services—can be found by clicking here.