You are now leaving the Belfint Lyons Shuman website. Neither Belfint Lyons Shuman nor PrimeGlobal are responsible for the content of the site you are visiting.

header_meet_final.jpg

Employee Benefit Plan Audits

“Some of the plans we audit cover 130 people and some up to 10,000 people – the size of the plan doesn’t matter. What matters is that we step through the process efficiently and make it as unobtrusive as possible for our client.”

 

– Maria T. Hurd, CPA, Director

 

Why work with BLS for your Employee Benefit Plan Audit?

We stay current. With the constant changes in ERISA and Department of Labor’s Employee Benefit Security Administration reporting requirements, you need a firm that understands the complexities of single and multi-employer plan compliance, and one that can provide you with timely information about regulatory changes. If you already have a plan in place or are evaluating new plan options, our team of benefit plan specialists will analyze your company’s financial situation and provide recommendations to meet your objectives.

We understand your financial goals, and we want to help you achieve them. Whether your goal is to maximize shareholders’ allocations for wealth accumulation or provide employee benefit upgrades, we can help. We coordinate and manage the annual audit of your plan and completion of Form 5500 and required supplemental schedules. We work closely with you and your third-party administrator to ensure that participant balances are complete and accurate and the necessary reports are filed.

We’re experienced. Our team is diligent about timely response for a prompt and accurate completion of the audit and Form 5500 filing. Attorneys call upon us to complete final audits of terminated plans for national companies undergoing bankruptcy proceedings in Delaware. We communicate regularly with the plan’s trustees, actuaries, investment advisors and third-party administrators so that the legal team and plan administrators are informed of any audit findings.

We also perform Taft-Hartley plan audits, and have 25 years of experience in this area. We provide guidance for the trustees, assisting them with the implementation of internal control processes for the plan.

 

BLS Employee Benefit Plan Services Include
  • Comprehensive audit services, including testing participant account balances to verify
    their accuracy and completeness
  • Operational consulting regarding participant and employer contributions, benefit payments
    and loan processing
  • Form 5500 preparation and review
  • ERISA and DOL reporting requirements
  • Plan design option information and recommendations

 

We Audit the Following Plan Types
  • 401(k) plans
  • Profit sharing plans
  • 403(b) plans
  • Taft-Hartley defined benefit pension plans
  • Taft-Hartley welfare benefit plans
  • Taft-Hartley annuity plans

 

The Art of the Qualified Plan Audit

We are tipping the scales from detection to prevention with this blog by providing
a wealth of knowledge regarding best practices in the retirement plan audit area.
Visit Today.

 

 

Contact Our Employee Benefit Plan Audit Professionals

Looking for assistance with employee benefit plan audits? If so, contact us today. For additional information on our employee benefit plan audit services, please contact Maria Hurd, CPA, at 302.225.0600, or click here to email Maria. In a brief consultation she can assess your situation and determine the best way to proceed.

  • CONTACT MARIA

     

     

    For additional details please contact Maria. She looks forward to hearing from you.

     

    SUBMIT REQUEST >>

  • SUBSCRIBE

    Receive insight from BLS through our newsletters and blogs.

  • BELFINT PLAN AUDIT BLOG

    • Compensation Issues – Revisited

      We are more than halfway through the retirement plan audit season and we have noticed a number of common errors occurring with compensation. I previously discussed these issues in my blog series “Compensation: The Missing Link - Part 1” and "Compensation: The Missing Link - Part 2," but we want to revisit the issue, since we are seeing this error occur on a rather consistent basis.

  • BELFINT NONPROFIT BLOG

    • Back to School with Charity Navigator

      School has officially started across the country, and it looks like students won’t be the only ones who will be graded out of 100 points this year. Charity Navigator, a nonprofit organization that evaluates charities in the United States and compares them to charities with similar causes, recently changed their rating system from a 70-point scale to a 100-point scale.

  • MATTER OF TAX BLOG

Accounting | Audit | Advisors | Consultants | CPAs - Belfint Lyons Shuman is a Certified Public Accounting Firm serving companies across Delaware including Wilmington, Dover (DE) and Pennsylvania including Philadelphia and West Chester (PA). BLS focuses on serving the needs of construction companies, employee benefit plan audits, law firms, medical practices and nonprofit organizations. We also assist international companies with international tax, FBAR compliance and regulatory services.

© 2014 by Belfint Lyons & Shuman, P.A. All rights reserved.