Employee Benefit Plan Audit

The Department of Labor (DOL) notes that over 40% of plan audits are deficient, primarily caused by operational errors. Since 1974, when employee benefit plan audits became legally required, KSM has fine-tuned our approach to employee benefit plan audits and our experience in this area is unparalleled in the accounting industry. We perform more than 200 annual employee benefit plan audits, which puts us in the top tier of firms that focus on this as a core service offering.

We take a personal interest in helping our clients succeed. The quality of our work, cost-effective and timely services, and efficient processes have helped build long-term relationships. KSM supports a multitude of industries, and we are well-prepared to address the unique challenges and situations that are specific to each client when managing employee benefit plans.

Expert Experience, Transparent Results

Our professionals are highly credentialed, knowledgeable, and experienced in performing ERISA audits to a wide range of plans, including:

• Defined contribution plans (401(k), 403(b), profit sharing, and money purchase pension)
• Defined benefit plans
• Employee Stock Ownership Plans (ESOPs)
• Health and welfare plans
• Multi-employer plans

We have more than 75 experienced auditors who are annually trained on the latest developments in ERISA audits and DOL and IRS compliance and reporting requirements.

Our Strength Through Partnership With Leading Industry Associations

Our membership in the AICPA’s Employee Benefit Plan Audit Quality Center (EBPAQC) provides a valuable resource for guidance, best practices, and educational tools to help CPAs perform quality audits. The Center also provides insight on current technical issues, key audit standards, potential audit deficiencies identified by the DOL and AICPA, and offers guidelines for accounting firms as they undertake inspection of their own ERISA employee benefit plan audit practice.

Additionally, our membership in the Indiana Benefits Conference and the International Foundation of Employee Benefit Plans allows us to stay current on issues both locally and around the world.

Rely on Our Effortless Process

Benefit from the peace of mind you will have from working with an experienced leader in the employee benefit plan industry. Learn more and discuss your unique needs by contacting one of our employee benefit plan professionals.