Employee Benefit Plan Audits

A quality audit of your 401(k) or other employee benefit plan goes beyond the numbers and looks into the operations of your plan and it’s compliance with regulatory requirements.

At Wilkin & Guttenplan, we understand the challenges faced by plan administrators and the unique requirements of the employee benefit plan audit, and we offer a tailored solution to meet your needs. Using a proactive approach developed during our years of experience in providing employee benefit plan audit services, we work with third-party administrators, investment advisors, record-keepers, attorneys, and, of course, plan sponsors, to provide audit services that exceed your expectations.

Your W&G Employee Benefit Plan audit team is experienced with the many nuances of employee benefit plan audits, including issues relating to new plans or plans first meeting the requirement to be audited, as well as plans in termination situations. By attending training specific to plan audit and compliance issues, we keep up to date with the latest developments in the employee benefit plan arena, with special focus on factors that impact the accounting, financial reporting and tax implications of plans. Our expertise ensures that your plan audit will meet Department of Labor and ERISA requirements, protecting you from potential penalties that could arise with respect to your audit.

We understand that timeliness is important; the implications of late filings are significant. We endeavor to complete your audit as quickly as possible, while performing the necessary financial and compliance audit steps. Because we work in a paperless environment, we are able to leverage efficiencies to serve you better while still maintaining the highest in quality standards.

Practice Area Highlights

• Extensive experience with the Employee Retirement Income Security Act (ERISA) regulations.
• Serve retirement plan clients in diverse industries (including real estate, medical and technology) for plans ranging from 100 to over 500 participants and $1.5 to more than $50 million in plan assets.
• 
  Membership in the AICPA Employee Benefit Plan Audit Quality Center – a voluntary membership organization designed to promote the quality of employee benefit plan audits. Membership requirements include ongoing training, successful peer review, adherence to quality standards and experience.
• 
  Membership in the New Jersey Society of Certified Public Accountants’ Audit and Accounting Interest Group – Provides a forum for New Jersey CPAs to discuss and increase their knowledge of audit and accounting issues covering all audit and accounting practice areas.

Practice Leaders