Employee Benefit Plan Audits
WCS is experienced in performing quality audits in the complex and highly regulated Employee Benefit Plan industry. We understand the unique regulatory requirements and the specific intricacies of employee benefit plan audits and are able to provide our clients unparalleled service.
We audit over 75 Taft-Hartley Plans, 401(k) and 403(b) plans. These plans are both single-employer and multi-employer plans, and range from thousands to in excess of one hundred seventy-five million dollars.
Our dedicated team of employee benefit plan professionals has in-depth technical knowledge of GAAP, ERISA and DOL requirements. Our low personnel turnover rate provides continuity of staff. This allows our staff to gain specific engagement knowledge and increased audit efficiencies as they gain more knowledge of the Plan.
We work with, and have continuous communication with other employee benefit plan service providers including third party administrators, lawyers, actuaries and other consultants that work with your fund; which means that you get the best services possible.
Our detail oriented approach that results in timely filing of Form 5500s and Form 990s.
Our employee benefit plan audit services include:
· Audits of Health and Welfare Plans
· Audits of 401(k) and 403(b) Plans
· Audits of Defined Contribution Pension Plans
· Audits of Defined Benefit Pension Plans
· Audits of Employer Stock Ownership Plans (ESOPs)
· Payroll audits
· Tax preparation, Forms 5500 and 990
For more information about our Employee Benefit Plan Audit services contact Jeff Maygers – JeffM@wcscpa.com or David Crisp – DavidC@wcscpa.com.
The Department of Labor (DOL) has begun the process of sending letters to plan administrators of employee benefit plans across the country to discuss the importance of having a quality plan audit performed. Click the link below to read more about our commitment to quality and why auditor selection matters.