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 the 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.
Keiter’s Plan Audit services often result in the highest value when combined with other complex services. This permits us to fulfill our role as Opportunity Advisors.