ERISA Articles of Interest
Five Ways to Improve ERISA Audit Efficiency - (PDF) Courtney S. Barrack, CPA
Questions about our Employee Benefit Audits?
John
Kent Bob Sommerville
Chris Wallace
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Employee Benefit Plan Audits
Audits of employee benefit plans have become more complex due to new regulations and reporting requirements.
The Department of Labor enforces the audit requirement for employee
benefit plans with 100 or more eligible participants with stiff fines
for inadequate filings.
Employee benefit offerings are a pivotal part of
business. A quality audit helps ensure the financial integrity of
the plan, protects plan participants and assets, and assists the employer
in carrying out its fiduciary duties.
Serving as auditors of over 40 retirement plans,
our specialized team has the experience and efficiency to bring
you the maximum level of assurance for your plan’s compliance. We plan and execute our audits in a way that minimizes strain and reporting burden on your plan
administrator and human resources personnel.
Our team stays informed of new regulations and
reporting requirements and is a credible resource for all of your employee
benefit plan concerns. We offer:
- An experienced team with low turnover
- An efficient audit approach
- A low cost structure compared with national firms
As a member of the Employee Benefit Plan Audit Quality
Center, a division of the AICPA, we are committed
to employee benefit plan audit quality.
Additionally, we are registered with the Public Company
Accounting Oversight Board (PCAOB) and we audit plans which file financial
statements with the U.S. Securities and Exchange Commission (SEC).
Through our employee benefits consulting affiliate, Keiter, Slabaugh, Penny & Holme (“KSPH”), we provide consulting and administrative services for clients’ employee benefits programs. KSPH becomes an extension of their client’s human resource departments, helping them with designing, competitively bidding, and implementing benefits programs that help retain and attract quality employees for the company.
KSPH services include:
- Health and welfare benefits
- Cafeteria plans administration
- Qualified and nonqualified retirement plans consulting and administration
- Employee benefit statements
- Communications and training
- Human resource consulting
- Human resource outsourcing
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Success Story
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| “Keiter Stephens has
audited our pension and 401(k) plans for the last five years and
we could not be more pleased with their services. In the past when
we had our work done by one of the Big 8 or Big 4
firms, we felt like we had to train the young auditors on what a
qualified plan was and never really felt like we had a true audit.
“We chose Keiter Stephens to do our
audits for their depth of knowledge in the qualified plan arena.
We value their knowledge and their efforts to minimize the disruptions
to our staff during the field work and by making the process as
painless as possible.”
Cindy Ellis, Manager, Employee
Benefits, Cadmus Communications |
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