Audits of employee benefit plans have become more complex due to new regulations and reporting requirements. The Department of Labor enforces the audit requirement for employee benefit plans with 100 or more eligible participants with stiff penalties for inadequate filings.
Employee benefit offerings are a pivotal part of your business. A quality audit helps ensure the financial integrity of the plan, protects plan participants and assets, and assists the employer in carrying out its fiduciary duties.
As Opportunity Advisors, we add the most value to businesses with complex and multi-tiered accounting and tax needs. Keiter’s 401k plan audit services are generally one tier in our comprehensive services approach.