Certified Public Accountants and Consultants
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Lexington: 336-248-8281

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Charlotte: 704-372-0960

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Raleigh: 919-832-6848

Employee Benefit Plan Audits

Rives & Associates, LLP, is a member of the American Institute of Certified Public Accountants Employee Benefit Plan Audit Quality Center. We have a team of professionals dedicated to providing audits of all types of retirement plans (401(k), 403(b), profit sharing, pension, multi-employer plans, and etc). We understand your fiduciary responsibilities and the increasingly complex regulations over retirement plans. Hiring experienced professionals to perform a quality audit will help you carry out your legal responsibility, protect the financial integrity of the plan, and  file a complete and accurate Annual Return/Report of Employee Benefit Plan (Form 5500).

You will want an experienced firm who will work with you and your third party administers to perform a cost effective, timely, and comprehensive audit.

Does Your Plan Require an Audit?
Generally, when the number of eligible participants (not just actual employees participating) as of the first day of the plan year is 100 or more, an audit is required for defined contribution plans and defined benefit plans as part of the annual obligation to file an Annual Return. Some pension plans with fewer than 100 participants may also be required to have an audit if they fail to meet certain conditions relating to their plan investments, bonding, and disclosure requirements.

Please contact Evan W. Rives, CPA 336-248-8281 or via email erives@rivescpa.com to discuss your benefit plan audit needs.

Resources and Links:

The Employee Retirement Income Security Act (ERISA)
http://www.dol.gov/compliance/laws/comp-erisa.htm

U.S. Department of Labor, Employee Benefits Security Administration
http://www.dol.gov/ebsa/

Internal Revenue Service – Plan Sponsor
http://www.irs.gov/Retirement-Plans/Plan-Sponsor

Internal Revenue Service – Plan Participant
http://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee

Pension Benefit Guaranty Corporation
http://www.pbgc.gov/

Employee Plans Compliance Resolution System (EPCRS)
http://www.irs.gov/Retirement-Plans/Correcting-Plans-Errors—Fix-Plan-Errors