Employee Benefit Plan Audits
Organizations that have employee benefit plans with 100 or more eligible participants are required by federal law to have their plan audited. The plan administrator’s responsibility is to hire a firm with competent employee benefit auditors.
Selecting an experienced and reliable employee benefit auditor is very important. The Department of Labor recommends using auditors who specifically have plan experience, citing “the more training and experience an auditor has with employee benefit plan audits, the more familiar the auditor will be with benefit plan practices and operations as well as the special auditing standards and rules that apply to such plans.”
At The Mironov Group, our employee benefit plan audit specialists have the depth and breadth of experience to provide you with a quality audit, enabling you to protect the assets and financial integrity of your employee benefit plan, fulfill your legal responsibilities and avoid any penalties for an incomplete, inadequate or untimely filed audit report.