retirement plan audits

As members of the American Institute of Certified Public Accountants EBPAQC (Employee Benefit Plan Audit Quality Center), our auditing staff is highly qualified to perform your 401(k) audit in accordance with the regulations set by the ERISA (Employee Retirement Income Security Act), IRS (Internal Revenue Service), and DOL (Department of Labor). Our staff is annually trained to apply technical expertise which reduces your risk and allows you to file the audited financial statements with confidence.

Employee Benefit Plan Audits

Our team of dedicated professionals has extensive experience in dealing with ERISA (Employee Retirement Income Security Act) regulations and the complexities of financial reporting and auditing requirements of employee benefit plans. We can provide you with the confidence that you have engaged professionals with the technical expertise to minimize your fiduciary risk.

Being a fiduciary for your Company's benefit plan comes with a unique responsibility. In that role, you are entrusted to make sure you are getting value from your required benefit plan audit, and you know what the key issues are with the IRS and Department of Labor to ensure your plan is compliant. A quality audit will help protect the assets and the financial integrity of your employee benefit accounts and enables you to carry out your fiduciary responsibilities by filing complete and accurate reports and returns.

Our Employee Benefit Audits Include:

  • 403(b) plans
  • Defined contribution plans
  • Defined benefit plans
  • Health and welfare plans
  • Employee Stock Ownership Plans (ESOP)

do you need a 401(k) audit?

An annual audit is required of a defined benefit or defined contribution retirement plan, including 401(k) plans, when an employer has a total of 100 eligible plan participants, also known as a large-plan. A participant is defined as anyone that is eligible for the plan (even if he or she is not actively contributing) and any former employees who still carries a balance in the plan.

Independent Auditor

Mauldin & Jenkins is an Independent Qualified Public Accountant (IQPA) recognized by the Department of Labor. This designation allows M&J to audit your Company's retirement plan's financial statements along with filing the annual Form 5500 by the deadline set forth by the IRS and EFAST2 system.

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