Change is inevitable, especially when it comes to employee benefit plans. To simply offer a plan as an incentive or benefit to potential or current employees is only the start. Plan sponsors must also consider plan design, keep abreast of current regulations, meet fiduciary responsibilities, determine the reasonableness of plan fees and seek and contract with vendors. The simple task of offering a benefit plan has now changed into a confusing and sometimes frustrating undertaking.
You may view your plan audit as purely a compliance portion to the vast process that is now necessary to sponsor an employee benefit plan. With the proper auditor, your plan audit can do more than just fulfill the compliance requirements of the Department of Labor.
Whether you need a full scope or a limited scope audit of either your defined benefit or defined contribution plan, we can help:
If the plan audit process wreaks havoc on your operations, you can benefit from AuditEase, our benefit plan audit service. By streamlining the audit process, interruptions to you and your staff are minimized. We'll work with you and your service providers to develop a timeline, discussing the audit process and needed materials, that way you will know exactly what to expect throughout the process. While a benefit plan audit does require effort on your part, shouldn't it be relatively easy?
If you are required to undergo a benefit plan audit, now is the time to consider a change. For additional information on our benefit plan audit process, please contact us at 330-308-6886, or email us. In a brief conversation we can address your concerns and determine how we can best assist you.