Employee Benefit Plan Audit
Benefit Plan Audits with Your Best Interest in Mind
Benefit plans are essential to attract and retain the key employees who will contribute to the success and longevity of your business. Poorly managed employee benefit plans can not only result in retention issues, but also lead to severe monetary or civil penalties.
At PKM, we work with you to reduce the risk of penalties or litigation, while helping you to better understand your plan. We work directly with clients to gain knowledge about their plans, determine the most cost-efficient approach and offer recommendations for improvement so that you can take full advantage of what your plans have to offer.
Protect Your Greatest Assets – Your People
PKM understands the complex laws and compliance obligations imposed by various regulatory authorities, and we work closely with plan sponsors, trustees and administrators to reduce the risk of potential penalties or litigation. We are members of the AICPA’s Employee Benefit Plan Audit Quality Center, which requires member firms to maintain and demonstrate high-quality audit services in the field, obtain a minimum amount of continuing education and include plan audits in their peer reviews.
In addition to our experience with 401(k) audits, we also have significant experience working with defined benefit pension plans, employee stock ownership plans (ESOPs), defined-contribution pension plans and profit sharing plans. Employees are your greatest assets. An employee benefit plan audit can help you protect theirs.