As more Americans rely on their private retirement plans, concern—and scrutiny—is up.
Now more than ever, it is important to identify the risks regarding your benefit plan and plan sponsor. At MarksNelson we are committed to providing you with a quality audit that meets federal obligations.
The U.S. Department of Labor Advises:
"One of the most common reasons for deficient accountants' reports is the failure of the auditor to perform tests in areas unique to employee benefit plan audits. The more training and experience that an auditor has with employee benefit plan audits the more familiar the auditor will be with benefit plan practices and operations, as well as the special auditing standards and rules that apply to such plans."
That's why our commitment to helping our clients begins with our dedication to employee benefit plan audit quality. Our experience, commitment to training, and use of current technical guidelines, helps your plan to be compliant with both the Department of Labor and IRS regulations. Additionally, we offer advice on improving and strengthening controls and plan administration.
The professionals at MarksNelson are also active in the AICPA's Employee Benefit Plan Audit Quality Center. The Center's member firms have demonstrated a commitment to employee benefit plan audit quality and to raising awareness about the importance of such audits. Our professionals utilize The Center's best practices, guidelines and tools to perform quality benefit plan audits and better serve our clients.
We work with TPAs and advisors to make certain your plan is presented in compliance with the DOL and ERISA.