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Employee Benefit Plan Audits

AICPA Employee Benefit Plan Audit Quality Center MemberWhen it comes to the audit of employee benefit plans, experience counts! As a Decosimo client, you gain the expertise that comes from 40 years of experience auditing hundreds of plans of all types – including 401(k), 403(b), defined contribution, defined benefit, pension, employee stock option, health and welfare plans - for public and private clients in industries including hospitality, manufacturing, financial institutions, construction, schools and many more. 

The Department of Labor (DOL) is committed to assuring that employee benefit plans are in compliance with the plan document and Employee Retirement Income Security Act (ERISA) regulations. Under ERISA, companies are required to file an annual report with the Department of Labor, which provides the information to the IRS and the Pension Benefit Guaranty Corporation (PBGC).

For plans requiring an audit, DOL requirements state that the auditor’s report, audited financial statements, or notes must disclose various matters, such as accounting principles; a plan description; termination priorities; tax status; loss contingencies; significant real estate or other transactions between the plan and its sponsor; related party transactions; and other unusual events.

We Can Help

Decosimo’s dedication to EBP audits is confirmed by our voluntary membership with the AICPA’s Employee Benefit Plan Quality Center and the annual training provided to our team to stay abreast of the latest regulations and laws, as well as ways to plan and perform efficient and affordable plan audits.

Decosimo's EBP team is responsible for financial statement audits and Form 5500 filing requirements for plans with combined total plan assets of more than $1 billion and more than 100,000 eligible plan participants. As evident by a client retention rate of 96 percent and a 20 percent growth in clients, our EBP clients appreciate the efficiency, quality and value we deliver with every engagement.  

Contact us to request materials that will help you prepare for your EBP audit and choose the right EBP auditor.

Decosimo is an independent member firm of Moore Stephens North America, which is itself a regional member of Moore Stephens International Limited (MSIL). All the firms in MSIL are independent entities, owned and managed in each location. Their membership in, or association with, Moore Stephens International Limited should not be construed as constituting or implying any partnership between them.