Employee Benefit Plan Audits

Expert guidance on compliance and reporting

Employee Benefit Plans are an essential aspect for companies of almost any size. Quality retirement and health and welfare plans provide highly valued benefits that help attract and retain employees, especially in a competitive labor market.

Most employer-sponsored retirement plans require that the company file the Internal Revenue Service (IRS) Form 5500. Generally, companies with 100 or more benefit plan participants are required by the Department of Labor (DOL) to have an annual audit of their plan performed by an independent Certified Public Accountant (CPA).

A dedicated Employee Benefit Plan Practice Group

Our Employee Benefit Plan Auditors use their expertise to help ensure plans comply with the Employee Retirement Income Security Act (ERISA) and the rules and regulations imposed by the DOL. We have a dedicated Employee Benefit Plan Practice Group that focuses on serving your needs. We don't just deliver employee benefit plan compliance services, our solutions-oriented team becomes your trusted ERISA advisor.

We specialize in performing employee benefit plan audits and work hand-in-hand with the plan sponsor, third-party administrators (TPA), actuary, and investment custodian of these plans to ensure a successful audit.

Trout CPA is a member of the American Institute of Certified Public Accountants Employee Benefit Plan Audit Quality Center (AICPA EBPAQC), which helps CPAs meet the challenges of conducting quality audits in this unique and complex area. This voluntary membership has various requirements, including employee benefit plan professional education.

In addition to IRS Form 5500, we also prepare IRS Form 990s for Voluntary Employee Beneficiary Association (VEBA) trusts related to health and welfare plans.

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Employee Benefit Plan Services

  • Advice related to proper selection, implementation, and operation of Plans
  • Assistance with DOL inquires, issues, and examinations
  • Full-scope audits
  • Form 5500 preparation
  • Form 5500 preparation
  • Guidance with new accounting standards, fiduciary responsibilities, internal controls, and regulations
  • Limited-scope audits in accordance with 29 CFR2520.103-8 of the DOL regulations

Industry Expertise

Want to learn more about our Employee Benefit Plan Audit services?

We would be happy to discuss how Trout CPA can help with your specific needs.