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Litigation & Forensic Services

Collaborative Family Law

Employee Benefit Plan Audits

Organizations of all types and sizes that administer employee benefit plans for their employees are subject to a significant amount of compliance under government regulations such as the Employee Retirement Income Security Act (ERISA) and oversight from governmental agencies such as the Department of Labor. This compliance includes the ERISA requirement for employee benefit plans with generally over 100 participants to have audits of the plan’s financial statements performed by qualified independent certified public accountants. It’s important to work with a CPA firm such as Mallah Furman that has highly qualified professionals with extensive training and experience in auditing all types of employee benefit plans.

Audit Approach

Our efficient audit approach is combined with the most up-to-date knowledge of government rules and regulations to ensure your business will feel a significant amount of assurance that your plans are in compliance with those regulations, while meeting the plan sponsor’s fiduciary responsibilities. To ensure that we meet and exceed the rigorous standards imposed by ever-changing rules and regulations, we provide extensive training each year to our employee benefit plan audit professionals. We also voluntarily belong to the Employee Benefit Plan Audit Quality Center of the American Institute of Certified Public Accountants, the requirements of which include designating a partner responsible for the firm’s employee benefit plan audit practice, establishing quality control programs, performing annual internal inspection procedures, and making our peer review report findings publicly available.

Mallah Furman provides employee benefit plans with the following range of services:

  • Full scope audits
  • Limited scope audits
  • ERISA and DOL compliance

These services are provided to a broad array of employee benefit plans:

  • 401(k) plans
  • Profit-sharing plans
  • Defined benefit plans
  • 403(b) plans
  • Employee stock ownership option plans (ESOPs)
  • Health and welfare benefit plans
  • Plans with Form 11-K filings with the SEC.