Employee benefit plans require specialized audits governed by the Employee Retirement Income Security Act (ERISA).
Employee Benefit Plan Audits (ERISA-Based)
Comprehensive Back-Office Support for Employee Benefit Plan Audits
ERISA-based employee benefit plan audits require specialized expertise and strict adherence to DOL regulations. We simplify the audit process by managing key documentation, performing targeted testing, and supporting auditors with accurate, audit-ready data.
What We Provide
✔ Preparation of participant and benefit roll-forwards
✔ Testing of contributions, distributions, and eligibility
✔ Review of plan documents, trust statements, and compliance records
✔ Coordination with plan administrators and third-party recordkeepers
✔ Verification of payroll data and plan-level reconciliations
Why It Matters
Ensures accurate financial reporting, reduces audit risks, strengthens compliance with DOL requirements, and supports a smooth and efficient audit process.
Accurate Testing of Contributions & Participant Data
Contribution accuracy is a core requirement under ERISA. Our team validates the integrity of employee and employer contributions across plan cycles to ensure plans operate according to regulatory and plan-specific rules.
What We Provide
✔ Verification of payroll data and contribution percentages
✔ Cross-checking plan eligibility and participant status
✔ Reconciliation of contribution timing and annual limits
✔ Testing employer match calculations and contribution formulas
✔ Review of supporting documentation for contribution accuracy
Why It Matters
Minimizes compliance issues, prevents costly errors, and strengthens confidence in overall plan operations and reporting.
Detailed Testing of Distributions & Participant Eligibility
Distributions and participant eligibility must align precisely with plan rules. We support auditors with reliable testing of transactions and participant qualifications to ensure benefits are processed accurately and compliantly.
What We Provide
✔ Review of participant enrollment and eligibility documentation
✔ Testing of distributions for accuracy, timeliness, and proper authorization
✔ Cross-verification of vested balances with plan provisions
✔ Validation of participant status, service history, and vesting schedules
✔ Review of supporting documents to confirm benefit calculations
Why It Matters
Prevents DOL violations, reduces operational risks, and ensures participant benefits are administered correctly and according to plan rules.
Roll-Forwards
Roll-Forwards
Preparation of participant and benefit roll-forwards to ensure accurate and audit-ready financial schedules.
Testing
Testing
Detailed testing of contributions, distributions, and participant eligibility for full ERISA compliance.
Document Review
Document Review
Review of plan documents, amendments, and trust reports to verify alignment with plan rules and DOL requirements.
Coordination
Coordination
Coordination with plan administrators and third-party recordkeepers to streamline data collection and speed up the audit process.
Our Approach to Actionable Insights
We guide your business from understanding risks to delivering clear, practical insights for better decisions.
