Services

Employee Benefit Plan Audits

The U.S. Department of Labor has stepped up its efforts to review and audit employee plans, resulting in an audit process that is increasingly complex and lengthy. Organizations are under intense scrutiny as more regulations and reporting requirements must be stringently followed for employee benefit plan audits.

Reznick Group is one of the few national accounting firms with a dedicated employee benefit plan audit practice. Comprised of professionals with specific skills and experience working with clients' employee benefit plans, our Employee Benefit Practice Group is committed to delivering efficient client service and up-to-date technical knowledge of the latest ERISA/IRS/DOL regulations and requirements. Our emphasis on, and experience with, full scope employee benefit plans audit also allows us to build significant cost efficiencies into our processes and procedures.

Whether you require a full-scope plan audit, a limited scope financial statement audit, or technical assistance with compliance and regulatory issues, all work will be performed in accordance with GAAP, DOL requirements and the standards of PCAOB for plans subject to SEC reporting requirements. We also employ a strict quality assurance process with established control checkpoints, published standards and required independent reviews.

Reznick Group is a member of the Employee Benefit Plan Audit Quality Center with the American Institute of Certified Public Accountants (AICPA). Our experience includes: 

• Defined benefit plans
• Deferred savings plans
• Defined contribution plans
• Cafeteria plans
• 401k plans
• 403b plans
• Employee stock purchase plans
• Profit sharing plans
• Health benefit plans
• Other types of employee benefit plans