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.
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.
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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