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Employee Benefit Plan Audits
The Department of Labor (DOL) requires and annual audit of all employee benefit plans with 100 or more eligible participants. This includes pension plans, 401(k) plans and 403(b) plans, among others. While time-consuming, the annual audit is an important safeguard against fraud and abuse. But with proper analysis, the audit can also help you more effectively and efficiently manage your employee benefit plan.
If the accounting firm you hire to conduct your annual employee benefit plan audit is not going beyond the required minimums to help you become a better manager, it is time to look for a new auditor. Gray, Gray & Gray is qualified, competent and experienced in employee benefit plan audits. More than that, we have the ability to analyze your audit to identify potential problems and areas of opportunity.
The members of our specialized Employee Benefit Plan Audits practice group are experienced, knowledgeable professionals who perform the audits, and prepare the Form 5500 and other filings for benefit plan engagements.
With the multitude of penalties that can result if the required filings are not done correctly, our dedicated practice group is the best way to ensure you are receiving the quality of service you require – and deserve.
In order to better serve our audit clients, and to remain on the cutting edge of audit regulations, Gray, Gray & Gray is an active member of the following associations:
 
These affiliations give you added assurance that your benefit plan work will be done in accordance with the latest requirements, and will be given the appropriate attention by the specialists assigned to the engagement; that all of the applicable ERISA and DOL rules and regulations will be followed; and that all of the required disclosures will be made.
View our listings of resources to learn more about employee benefit plan audits and our services.
What can we deliver to you that your current accountant is missing? Contact Mike Cecere or Rich Hirschen today at (781) 407-0300.
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