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.

We add the most value to clients who have a relatively high-level of complexity, multiple recurring service needs and those that we work with throughout the year and over a longer period of time.  This reflects our commitment to provide all clients with the highest quality of services.

We audit over 100 employee retirement plans, including plans sponsored by several publicly-held companies. We plan and execute our audits in a way that maximizes audit efficiency and quality and we offer your plan administrator and human resources personnel confidence in their plan reporting and management. In addition to employee retirement plan audits, we have experience and can assist with preparation of the required Form 5500 filings.

Our style is to work closely with your company’s managers to plan engagement requirements and timing; to coordinate with Plan trustees, actuaries or record keepers; and to anticipate issues that may affect the timing or efficiency in preparing for the filing requirements and deadlines. Helping your business work efficiently with multiple service providers generally makes the audit more efficient and require less time; thus we make your interests our interests.

At Keiter, we are committed to achieving the highest quality audit possible. We understand the complexity of performing employee benefit plan audits and we have a dedicated team of auditors that possess the specialized knowledge and experience to help ensure compliance with the appropriate standards and changes in regulations that may impact your organization’s employee benefit plan audit.

Your business will benefit from our commitment to providing the highest quality standards through our voluntary membership in the American Institute of Certified Public Accountants’ (AICPA) Employee Benefit Plan Audit Quality Center (EBPAQC). EBPAQC membership requirements 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.

Additionally, Keiter is a member of the Private Companies Practice Section and the Audit Quality Center of the AICPA. We are registered with the Public Company Accounting Oversight Board (PCAOB) and we audit plans which file financial statements with the U.S. Securities and Exchange Commission (SEC).

Our team of employee benefit plan auditor specialists stays current in this highly technical practice area by attending various continuing education programs including the annual AICPA National Employee Benefit Plans Conference and other relevant seminars.

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Business Assurance & Advisory Services Senior Manager

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