Does your employee benefit plan have more than 100 participants?
If so, you are required to have an audit of the plan conducted each year. Companies with fewer employees may also need an audit. As an employer, you need to take steps to safeguard employee benefit plan assets for your employees. An audit can protect the integrity of your plan and also help you maintain internal controls and improve operations.
Continually changing regulations for employee benefit plans have made audits increasingly complex requiring specialized experience and knowledge. Minimize your risks and costs and ensure that promised benefits will be available for your employees. They determine their future financial security, but accuracy is your responsibility.