The US Department of Labor generally requires an annual audit of all Employee Benefit Plans with more than 120 participants.
An annual Employee Benefit Plan audit is an important safeguard against fraud and abuse. It can also help you more effectively manage your Employee Benefit Plan.
The H2R CPA team is experienced in performing high-quality Employee Benefit Plan audits. Our firm is currently a member in good standing of the American Institute of Certified Public Accountants (AICPA) Employee Benefit Plan Audit Quality Center (EBPAQC). The AICPA has created the EBPAQC to help CPAs meet the challenges of performing quality audits and to ensure that they meet specific experience, training and practice monitoring requirements.
H2R CPA has significant experience in auditing many types of employee benefit plans, such as:
- Health & Welfare Plans, including VEBA trusts
- Defined Benefit Plans
- 401(k) Plans
- 403(b) Plans
- Employee Stock Ownership Plans (ESOPs)
- Profit Sharing Plans
- Stock Option Plans
H2R CPA's experience includes a wide range of Employee Benefit entities, where we complete audits, serve as third-party administrators and/or prepare and submit Form 5500.