As the annual accounting and reporting requirements for employee benefit plans increase in complexity and plans face greater scrutiny by the U.S. Department of Labor (DOL) and the Internal Revenue Service, it has become increasingly important to carefully select a qualified and experienced firm to establish and audit employee benefit plans. We understand the continually evolving compliance rules and specialize in auditing comprehensive employee benefit and pension plans, including compliance with regulatory changes, legislation, DOL and Employee Retirement Income Security Act (ERISA) requirements.
Our clients benefit from a streamlined approach delivered with open communication and efficient coordination resulting in accurate reporting and compliance. BST’s team of dedicated professionals continually monitors emerging GAAP, ERISA, and other relevant developments, and has the experience and technical expertise required to ensure that plans are compliant. Our professionals also can help integrate employee benefit objectives into a company’s overall strategic plan. They are available to assist plan administrators and human resources personnel with audit services for a wide range of plan types such as 401K plans, disability plans, profit sharing, employee stock ownership plans (ESOPs) and defined benefit pension plans, among others.
We also provide extensive Third Party Administration (TPA) services for these plans including plan development, installation, record keeping and administration, IRS and DOL filings, and other advice and counsel.