At BSSF, the employee benefit plan practice is a significant practice within the Firm, and thus, we give it the proper attention it deserves. We are committed to helping our clients navigate the challenges of the ever-changing GAAP (generally accepted accounting principles) financial reporting and IRS and Department of Labor (DOL) compliance requirements, in addition to achieving the highest quality and most efficient audits possible.
Our employee benefit audit team has experience performing employee benefit plan audits for single and multi-employer plans, including pension, 401(k), health and welfare, annuity, 457, 403 (b), and money purchase plans.
We also have experience working with in-house administrators to navigate IRS employee plan failure correction options such as the Voluntary Correction Program (VCP), the Employee Plans Compliance Resolution System (EPCRS) and the Self-Correction Program (SCP) to minimize penalties and interest from the IRS AND DOL.
A dedicated team of employee benefit plan audit specialists stay current in this highly technical practice area by attending both national and state continuing education programs and through a multitude of other professional resources. We will also work to provide educational updates directly to your team onsite regarding any ERISA and DOL updates that you might need to know about.
BSSF is a member of the AICPA Employee Benefit Plan Audit Quality Center, which demonstrates our commitment to adhering to the highest quality standards. Center membership requirements include designating a partner responsible for our employee benefit plan audit practice, establishing quality control programs, performing annual internal inspection procedures, and making our peer review report findings publicly available. You can learn more about these standards by visiting ebpaqc.aicpa.org.