What We Do > Practice Groups > Employee Benefit Plan Audits

  • Employee Benefit Plan Audits

    An annual audit of your employee benefit plan is a must. Not only is it federal law, but it also serves to protect your greatest assets, and that includes your employees. Audits can catch inappropriate asset use and operational problems that could result in significant penalties, and maybe even plan disqualification. Our employees are important to us, and we know you feel the same. The last thing we want is for you to have to explain to your workers that their benefits are gone. Our Employee Benefit Plan Audit group audits over 60 benefit plans a year. We're members of the AICPA's Employee Benefit Plan Audit Quality Center, giving us access to best practices and the most up-to-date information. Our experience, dedication and network give you, and your employees peace of mind.

  • The Team

    Pati Schmitt, Shareholder, Director of Assurance
    Jared Holum, Shareholder
    Grant Jones, Shareholder
    Jennifer Elder, Manager

  • Case Study

    Regional Company, Health Insurance Plans
    We worked with this client in their first plan year. The company had been working with a third party administrator that didn't provide them correct, complete, or timely information. Our team identified and pointed out this deficiency, corrected the problems, and completed the reporting long before the federal deadline. The client was relieved to have escaped any penalties and, based on our recommendation, have chosen another administrator for their plan.

    Local Automobile Dealership
    We discovered that the company wasn't administering their participant loans in accordance with their plan document. This would have made them subject to penalties and tax assessments so Perkins & Co helped them work with their administrator to correct the deficiency and adjust their procedures going forward.

  • Affiliations

    AICPA Employee Benefit Plan Audit Quality Center