S E R V I C E S
Employee Benefit Plans
Our Employee Benefit Plan team provides timely, knowledgeable insights to help mitigate risks while also adhering to DOL audit regulations.
The Department of Labor (DOL) Employee Retirement Income Security Act (ERISA) regulations require an annual audit of certain employee benefit plans. The audit report is then filed with Form 5500 and submitted to the DOL.
Employee Benefit Plan audits have become increasingly complex due to changing regulations and financial reporting requirements. Your Employee Benefit Plan needs an audit team that has a thorough understanding of these filing requirements and complexities.
The BSB Employee Benefit Plan team is that team.
Employee Benefit Plan Audit Services
- 401(k) plans
- 403(b) plans
- Profit sharing plans
- Pension Plans
- Safe Harbor 401(k) Plans
- Multiple – Employer Plans
- Prevailing Wage (Davis-Bacon) Plans
Additional Services
- Documentation and explanation of operational compliance issues
- Consultation on Correcting Identified Noncompliance Issues
- DOL representation
- AICPA Employee Benefit Plan Audit Guide-Based Work
- Form 5500 filing
- 401(k) CPE Opportunities
Leadership
Led by BSB Partner, Kevin Hamaker, our knowledge of generally accepted accounting principles combined with current ERISA requirements enables us to provide educated insights, to help mitigate risks while adhering to regulatory requirements. Our careful approach results in a timely audit and filing of Form 5500s with minimum stress.
The Securities and Exchange Commission’s (SEC) finalized cybersecurity rules expand public companies’ cyber risk management and disclosure responsibilities. A host of new requirements not only mandate timely disclosure of material…
Employee turnover often triggers a wave of issues for a company and its human resources department. Even 401(k) retirement plans — one of the most sought-after employee benefits — can…
“An exemption from UNICAP? And no limitation on the amount of business interest expense I can deduct? Sign me up!” Many taxpayers (and their tax return preparers) have eagerly embraced…
Two significant regulatory changes to retirement plans require immediate attention from plan sponsors, both to ensure current operational compliance and to comply with upcoming deadlines. Many long-term, part-time (LTPT) employees…
