Employee Benefit Plan ServicesGiving You Peace of Mind That Your Plan is in Compliance
Administering employee benefit plans presents numerous challenges for human resource managers and plan administrators who must stay abreast of a changing business environment and evolving requirements. Adding to the human resource manager’s burden are the time and resources that must be devoted to planning audits in order to meet complex federal compliance requirements. Keeping up with changing regulations posed by the United States Department of Labor and the Internal Revenue Service is challenging and requires specialization and commitment from a CPA firm.
A Trusted Team That Works for You
Brooks, McGinnis & Company, LLC has a dedicated staff that can help organizations balance these essential priorities quickly and effectively. Drawing from years of collective expertise, our partners and staff understand the complexities associated with all aspects of comprehensive employee benefit plans and have significant experience satisfying plan compliance, disclosure, and reporting requirements. We know the fiduciary responsibility you hold as plan sponsors. With a quality audit, trustees have assurance that they are receiving reliable financial information and are complying with their fiduciary responsibilities.
Practical Solutions, Professional Support
Delivering a full range of specialized audit services to both employers and plan administrators, our employee benefit team can provide comprehensive or targeted audit consulting services. We offer practical solutions to continually evolving regulatory obligations, specifically including matters involving the Department of Labor. We can also provide consultation and guidance on the enhancement of operational controls, procedures, administration, and coordination of employee benefit plans.
Our Employee Benefit Plan Services
- 401(k) Plan Full and Limited-Scope Audits
- 403(b) Plan Full and Limited-Scope Audits
- Defined Benefit Pension Plans
- Retirement Plan Audit Preparation Services
- Money Purchase Pension Plans
- Profit-sharing Plans
- 457 (b)/(f) Plans
- HR Operational Improvements
- Preparation of Form 5500 Filings
- Review of Employee Benefit Plans for 80 to 120 Participant Rule Requirements
- Compliance with ERISA, HIPAA, COBRA, Department of Labor, and the Internal Revenue Service
Brooks, McGinnis & Company, LLC is an AICPA Member
As members of the American Institute of Certified Public Accountants’ (AICPA) Employee Benefit Plan Audit Quality Center, our specialists adhere to the highest standards of audit quality and control. This membership allows us exclusive access to resources solely for employee benefit plan audits. As a member firm, we must meet specific practice management requirements in training, quality control, and self-monitoring.