Employee Benefit Plan Audits

 
 
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Why Us?

For reasons too numerous to list here, it pays to have a specialist take the responsibility for Employee Benefits Plan efficacy out of management’s hands. Samuel Goldstein & Company is uniquely qualified to that specialist. Our deep experience extends to consistently receiving the highest rating on the rigorous employee benefits peer review we go through every three years. We have over 70 years of hands-on experience conducting benefit plan audits--working with, and managing the reporting requirements of the U.S. Department of Labor, the IRS and The Pension Benefit Guaranty Corporation. We are deeply experienced in DOL audits. And finally, we are members of the International Foundation of Employee Benefit Plans and the AICPA Employee Benefit Plan Audit Quality Center.

From single employer to multi-employer benefit plans… from organizations who need their first plan audit to groups with 10,000+ participants… our highly trained and experienced professionals make it their business—in fact their commitment--to maintain a thorough understanding of the complex and changing requirements. To ensure that the right guidelines are being followed to minimize and even mitigate an investigation should one come to your doorstep.

 

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You Did Not Go Into Business to Manage Employee Benefit Audits.

You did not go into business to manage employee benefit audits. So come out of the weeds, and let us cost effectively help you understand the nuances of your role as a sponsor. We will consult on your benefit plans and advise on a plan's operational environment and financial reporting requirements. To help eliminate the exposure created by unique and constantly changing requirements, we can working closely with you and/or your TBA to submit any and all required information to the DOL’s Pension and Welfare Benefits Administration. Our job is to facilitate efficient audits with minimal disruption, protect from unnecessary risk of non-compliance, avoid financial misstatement risks and evaluate operational and compliance errors.

 

For Over 70 Years…

SG&C—a second-generation CPA and advisory firm--has worked hand-in-hand and shoulder-to-shoulder with our clients help them grow personally and professionally. We have served and/or continue to serve hundreds of employee benefit plans of all sizes.

SG&C EMPLOYEE BENEFIT PLAN AUDIT KEY BENEFITS:

  • Flexible fee structures including fixed fees, if desired

  • Cost-effective, quality audits

  • Advanced scheduling to ensure a smooth and minimally disruptive audit, keeping your staff productive and management focused on the business at hand

  • Access to our core capability and passion, that being to act in an advisory relationship that results in SG&C being a true partner in your growth.

The SG&C employee benefits audit service portfoliO:

 
  • Qualified Plan Audits Full Scope & DOL Limited Scope

    • Defined Contribution & Defined Benefit Plans

    • Health & Welfare Plans

    • Plans with Required SEC Filings (Form 11-K)

    • 401(k) & 403(b) Plans

    • Pension & Profit-Sharing Plans

  • ERISA Reporting and Disclosure

    • Financial Statements

    • Footnotes

    • Supplemental Schedules

  • Review and/or Preparation of Forms

    • IRS Form 5500

    • IRS Form 990

    • LM-2

  • Interaction/Correspondence with the IRS or DOL

  • Consultation on all Plan Types Including Reporting and Filing Requirements

    • Short Plan Years

    • Plan Mergers, Terminations and Extensions

    • Initial Plan Audits

    • ERISA and Related Regulations

    • Party-in-Interest Transactions

    • Prohibited Transactions

    • Minimum Funding Standards

    • Audit Exemption

    • Special Situations

    • Single & Multi-Employer Benefit Plans

    • Medical Plans

    • Labor Unions

    • Vacation, Education & Training Plans

    • Fair Share Reports

    • Agreed-Upon Procedure Engagements

    • Payroll Compliance Audits 

 

So achieve the peace of mind you need to run your business.  Mitigate potential issues with SG&C’s Employee Benefits Audit service.  Contact us anytime for a free, no obligation, 100% free consultation.  

 
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