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Retirement Plan Audits

Not just numbers — financial intelligence

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)

Employee Benefit 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. 

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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.

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.

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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.

 


Connect with Your Retirement Plan Pro

YHB would welcome the opportunity to be your source for retirement plan audits that give you the financial intelligence you need to keep your plan on track. Please let us know how we can be of service.

Let's Talk

Contact us when it’s time to move forward.

Justin Crowder
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ABOUT JUSTIN

Justin began his career at Yount, Hyde & Barbour in 2007, where he has worked exclusively for our Community Bank Services Team since graduating from Old Dominion University with a degree in Business Administration, focusing in Accounting. Justin is based in our Richmond office, and is a member of the American Institute of Certified Public Accountants and the Virginia Society of Certified Public Accountants.

Experience

Justin is an audit leader for the firm, performing external audits, internal audits, bank tax services and SOX consulting for public and non-public financial institutions, and has been working with community banks in Virginia and throughout the region for over ten years.

Expertise

Justin’s background has been exclusively with financial institutions since joining the firm, giving him valuable insights and significant experience in providing his clients with quality, value-added services. He has expertise in providing internal, external, and SOX 404 audits, as well as SEC and financial reporting assistance and significant experience with mergers and acquisition transactions.

Approach

Justin’s focus is on providing quality service and adding value for his clients by being a trusted advisor and resource. He believes that accessibility and open, timely communication are key to developing strong relationships with clients and providing them the highest quality services that meet their needs in a changing, challenging environment.

EDUCATION
  • Bachelor’s Degree from Old Dominion University in 2007
Erica Young
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About Erica

defined-contribution-plan-logoErica is a native of Tallahassee, Florida and a 2008 honors and cum laude graduate of West Virginia University with a Bachelor’s of Science in Accounting. She obtained the AICPA’s Advanced Defined Contribution Plan Certificate in 2016.

Erica joined the firm in 2008 and has since become a leader on our audit teams in Leesburg and Winchester. She is a champion of our employee benefit plans audits, having significant experience working with Defined Contribution, Money Purchase Plans, 403(b), ESOP, and Defined Benefit. Erica’s recent continuing education includes the American Institute of Certified Public Accountants (AICPA) Employee Benefit Conference, which she regularly attends.

Education
  • Honors and Cum Laude graduate of West Virginia University with a Bachelor’s of Science in Accounting
  • Advanced Defined Contribution Plan Certificate from the AICPA
Scott Moulden
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About Scott

Scott, YHB’s Managing Partner, has been with Yount Hyde Barbour since entering the accounting profession in 1988. He has a B.S. degree in agricultural economics (emphasis in accounting) from Virginia Tech. He is a member of the American Institute of Certified Public Accountants and the Virginia Society of Certified Public Accountants, as well as a volunteer for the Frederick County Fair Association.

Experience

He has extensive experience in providing accounting, tax, and business consulting services to closely held companies, corporations, partnerships, and limited liability companies in the area. Over the years, he has worked with businesses of all sizes in a variety of industries, especially manufacturing, franchising, wholesale/distribution, retailing and agribusiness, as well as with the individuals and families who own and operate them.

Expertise

As someone who grew up on a farm and was involved in his family’s business, Scott understands the challenges and needs of closely held businesses and what it takes to meet them. He specializes in helping businesses and their owners save tax, minimize risk, and operate more efficiently by using financial statements and projections as decision-making tools. He is especially skilled in advising YHB clients about financial controls and helping them negotiate favorable terms with banks and suppliers.

Approach

Scott has a hands-on approach to client service that’s based on taking time to develop an understanding of key concerns facing the client.  Then, he works with the client to arrive at a plan of action he or she is comfortable with. In advising clients, he focuses on helping them understand how their money is being spent, so they can spend it more efficiently.

Other Interests

Scott enjoys traveling and spending time with his family, as well as helping out on his parents’ farm.

Steven D. Halpern
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Steven D. Halpern
CPA
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About Steven

Steve has over 25 years of professional experience and has dedicated his practice to providing accounting, auditing, advisory and consulting services to financial institutions throughout the region. He is a graduate of University of Delaware and has a Bachelor of Science Degree in Accounting.

Steve is a member of the American Institute of Certified Public Accountants, Maryland Association of Certified Public Accountants, and the Financial Managers Society.

Expertise

Steve is a leader on YHB’s community bank and employee benefit plans practices.  In this role, Steve is responsible for assuring the highest quality service to clients served in these industries.  Steve also serves as technical reviewer for the Firm’s FAR overhead audits performed for engineering firms as well as the Firm’s internal audit engagements.

His specialties include: 

  • Financial Statement Audits
  • Public Company Audits
  • Employee Benefit Plan Audits
  • SEC Financial Reporting
  • Temporary CFO Services
Other Interests

Steve has completed Maryland Bankers School and was President of the 1997 graduating class. He also served on the Board of Directors for Federal Hill South Neighborhood Association and Glenwood Life Counseling Center.