Your Audit Experience With Us
MAXIMUM ASSURANCE.
audit these plans efficiently and effectively.
OUR SPECIALIZATION IN AUDITING
OURSELVES APART FROM OTHER CPA FIRMS.
MINIMAL INTERRUPTION
Don’t pay for a CPA team to come to you, when you can have most of your plan audit be performed off-site in our office. We don’t believe in sending the entire audit team to your office. You will only meet with the audit partner to discuss what matters most. Furthermore, this allows for very little interruptions with you and your staff.
FLAT FEES
We quote flat fees for our audits. We will assess the job before we start and come up with a price you can rely on. Additionally, we don’t tack on any additional fees for expenses. It is all included in the price.
NO "TAX SEASON"
We only work with 401(k) plans so we don’t have a typical “Tax Season.” Other firms that just have a “benefit plan group” are often inaccessible during their “busy season.” We are available all year round to service our clients.
SPECIALIZATION
Browse through websites of other accounting firms. If you see a long list of services with Employee Benefit Plan Services being just one of many, you are not looking at a firm that specializes in Benefit Plans. In fact, there are very few firms that do. We don’t accept work unless we are able to do the job correctly and efficiently.
DOCUMENT LISTS
The majority of these reports are furnished to us by the custodian of the investments. Once we are engaged to perform the audit, we will contact the custodian to request that these reports be sent to us. We will also request from the employer selected copies of its reports generated from its HR and Payroll department as it relates to the 401(k) plan participants. We utilize a platform which combines a dynamic PBC list, assignment workflow, and secure file hosting to deliver a more efficient and organized engagement. Everyone involved has a real time view of the document collection process.
Note: We provide a user friendly secure portal to submit the information securely to us.
HOW WE DO
Initial Planning
Initial planning meetings are held. Following documents are obtained: Engagement letter, Questionnaires, Parties in Interest Listing, Census, Plan Documents, IRS Opinion/Determination Letter, Audit Package/Trust Report and Asset Certification Document.
Planning
Control and fraud risks meetings are held. Following documents are obtained: Internal control review, Fraud risks review, Compliance review, Fidelity bond, Discrimination testing, SSAE 16 reports, and Walkthroughs.
Testing
Following documents are obtained: Participant statements, Supporting documents for test samples – Eligibility; Deferral; Distributions; Loans; Fees; Contributions and Co. Match/Profit Share.
Follow-Up
Meetings are held to review issues/control deficiencies/audit differences. Following documents are obtained: Subsequent event documentation, Review of corrections, Representation letter and Draft report.
Final Report
Following documents are issued by us: Audit report along with the Plan’s financial statements including footnotes and supplemental schedules, internal control memo and governance memo.
AUDITED EACH YEAR
CUSTOMER SATISFACTION
