Employee Benefit Plans

Navigating the Complexities of Compliance

columnWe audit a significant number of plans in and around the Mobile area, as well as out of state, with investments less than $1 million to plans with over $30 million in investments. The accounting and reporting requirements for employee benefit plans continues to increase in complexity, so selecting an experienced and trustworthy firm to handle your plan’s audit becomes all the more critical.

Our team of professionals receives ongoing training on the latest technical and financial requirements of employee benefit plans. Our goal is to help you stay aware of your federal requirements for timely contributions and to help you perform your fiduciary duties with respect to your employee benefit plans. The U.S. Department of Labor (DOL) requires employee benefit plans with over 100 eligible participants to be audited annually as part of its annual report/return (Form 5500 Series). The consequences failing to maintain an employee benefit plan in accordance with DOL, IRS and Employee Retirement Income Security Act (ERISA) requirements can create devastating penalties and fines. We are knowledgeable about the nuances of employee benefit plans and can navigate you through the complexities. Employee benefit plans are your employees’ future financial security, but accuracy and meeting reporting requirement is your fiduciary responsibility. Entrust our knowledge and experience to help you meet these fiduciary responsibilities.

Services Provided

Audit & Assurance

  • Audits

DOL Compliance Services

  • Preparation of 5500

Advisory Services

  • Expertise in compliance
  • Solution to issues