Maintaining fiduciary integrity through independent analysis
Employee benefit plan audits help protect the assets and the financial integrity of your employee benefit plan and ensure the necessary funds will be available to pay retirement, health, and other promised benefits to employees. Audits also enable companies with 100 or more employees to meet federal laws requiring a complete and accurate annual return/report prepared by a certified public accountant. Failure to complete an adequate report may result in ERISA and Department of Labor violations and penalties.
Maintaining the fiduciary integrity of one’s employee benefits plans is critical. And in a rapidly changing federal environment and ongoing implementation of national healthcare reform, it is a complex proposition requiring seasoned expertise. BPS provides independent audits of employee benefit plans as well as consulting services on issues related to plan structure and management, giving you the insight to operate your employees' benefit plan with confidence and remain in compliance.
Our experienced Employee Benefit Plan Group provides clients with the following services:
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