Ensure financial integrity.
Protect plan participants.
Of all CPA audits, retirement plan and ESOP audits hold the most potential for severe penalties assessable to plan fiduciaries or sponsors. As a result, selecting a qualified, independent auditor is of extreme importance to the plan administrator. A quality audit helps ensure the financial integrity of a plan and acts to protect plan participants and fiduciaries. It also helps a plan administrator carry out their legal responsibility to file a complete and accurate annual return and report. Boyum Barenscheer’s employee benefit plan specialists have strong knowledge of the requirements affecting employee benefit plans and will provide an independent review and insights to help you fulfill your obligations.