Employee Benefit Plan Audit
As the sixth largest benefit plan auditor in the nation, we have a long-standing reputation for delivering world-class benefit plan audit services. We audit over 1,200 plans and $175 billion in plan assets annually. Our clients' plans range from less than $1 million invested to more than $24 billion, with master trusts holding investments up to $50 billion. Our experience with plans of all sizes and designs means we have vast expertise identifying and resolving all types of plans, as well as audit, reporting, and disclosure issues.
To demonstrate our commitment to quality benefit plan audits, we're part of the AICPA's Employee Benefit Plan Audit Quality Center (EBPAQC), holding our firm to a greater degree of scrutiny to ensure the highest level of audit quality. We also have long-term, professional relationships with the Department of Labor, Internal Revenue Service, and the Pension Benefit Guaranty Corporation.
Areas of Focus
Recent benefit plan-related Accounting Standards Updates
FASB has issued three ASUs that affect employee benefit plans.
Employee Benefit Plan Audit Thought Leadership
Recent benefit plan-related accounting standards updatesFASB has issued three ASUs that affect employee benefit plans. The first two, summarized below, affect the employee benefit plan’s financial statements and the third affects the plan sponsor's financial statements.
Cybersecurity considerations for benefit plansThe push is on for fiduciaries to ramp up their protection of benefit plan information systems. How tight is cybersecurity for your benefit plans?
2016 Form 5500 updatesCopies of the 2016 Form 5500, Form 5500-SF and related schedules have been released by the U.S. Department of Labor (DOL), Internal Revenue Service (IRS) and Pension Benefit Guaranty Corporation (PBGC).
The Fair Labor Standards Act (FLSA) new overtime rule will go into effect Dec 1, 2016: Are you prepared?Have you heard about the new overtime rule going into effect in December? Listen to our podcast to learn about the changes and how you might be affected.
White-collar overtime rule: DOL appeal updateThis timing means that the updated overtime rules will not go into effect before the new administration enters office and the 115th Congress is seated.
Retirement plan sponsor: What’s a fiduciary to do?Learn the hazards and practical considerations for plan sponsors in their fiduciary roles, including the roles of administrator and trustee.
Employee benefit plan financial reporting simplification: What you need to knowAre you wondering how you’ll be affected by the new ASUs for financial reporting? Our webinar will go over the changes while providing you guidance and example disclosures.
Let’s all agree on what’s fair: GASB 72 fair value explainedWith GASB 72 in effect, are you wondering what other investments are now subject to the fair value measurement? In this webinar, we’ll look at the changes GASB 72 brings and discuss some sample disclosures.
We have a team of over 300 professionals who specialize in employee benefit plan audits. Our professionals combine technical expertise with a deep understanding of the audit and reporting requirements for benefit plans. You can rest assured our staff are well-trained in audit procedures and disclosure requirements unique to the benefit plan industry, since we provide extensive training for new staff, and continuing education for all experienced staff. Benefit plan audits are a focused specialty area at Plante Moran and are not treated as “filler” work.
Whether you offer one benefit plan or 20, you'll appreciate our collaborative client service approach, working closely and seamlessly with your in-house team and service providers. Our benefit plan audit and consulting experts share the best-in-class resources we've developed, including audit methodology and procedures, data analytics, and financial reporting tools. Working with Plante Moran, you'll find you get the best of both worlds—the deep technical expertise of a large national firm, and the friendly, personal attention of a smaller firm.