Any business with employee benefit plans covered by ERISA will be subject to complex regulations — and possibly an annual audit — once they have 100 eligible employees. Plan sponsors have a fiduciary responsibility to properly manage their plans. Therefore, it’s critically important for them to hire experienced employee benefit plan professionals who understand the regulations, stay on top of pertinent developments and deliver quality audits.
Our Employee Benefit Audit Solutions:
- 403(b) Plans
- Defined Contribution Plans
- Defined Benefit Plans
- Employee Stock Ownership Plans (ESOP)
Retirement Plan Audits
YHB’s Employee Plan Audit Team is dedicated exclusively to conducting benefit plan audits. So our professionals are highly experienced in auditing various types of retirement plans for businesses of all sizes in many industries. We, therefore are able to perform an audit efficiently and correctly.
But we don’t just give you accurate numbers. We also point out areas where you can do things better, so you can avoid prohibited transactions, minimize the risk of adverse findings and correct any accounting deficiencies. Plus, our large community of audit clients enables us to put you in touch with others who can share best practice techniques and ideas with you, so you can benefit from their knowledge, too.
Pensions Services Designed to Fit You
You are unique. That is why we customize your retirement plan audit process to meet your needs and provide the highest standards for delivering audit services through strong planning and coordination between your team and YHB staff. Our audit approach is risk-based and consists of four distinct phases: planning, interim fieldwork, year-end fieldwork and completion.
Pension Audit Expertise
YHB performs pension audit services on over 100 different retirement plans for nonprofits, public and private companies. Retirement plan sizes have ranged from $1,000,000 to $300,000,000 in assets and employee population from 100 to over 10,000. We also provide tax return preparation and administration services to numerous additional retirement plans.
To further demonstrate our commitment to excellence, YHB is a proud member of the AICPA Employee Benefit Plan Audit Quality Center. This is a voluntary membership center for firms that demonstrate a commitment to employee benefit plans audit quality.
We sincerely believe you’ll find YHB, exactly the kind of accounting firm you’ve been looking for — a values-oriented firm that doesn’t just deliver world-class service, but also cares about you, your organization, and works to improve the communities we share. We blend the technical expertise you expect with cutting edge solutions to keep you at the front of the herd.