Why leave this important task to your corporate auditors when you can receive a cost effective engagement that ensures a fair fee along with a team of professionals who specialize in benefit plan audits?  At Steensma Novotny PLC, we have years of experience conducting plan audits.  Our team of auditors is trained and versed in the latest ERISA, DOL and generally accepted auditing standards (GAAS) requirements.

Whether you have passed the 100 participant threshold or you have received a letter from the Department of Labor, we can help you navigate through the specialized world of plan audits.  We understand the unique areas of testing that the DOL expects to see accomplished.  A quality audit enables you to carry out your legal responsibility to file complete and accurate annual filings for your plan each year.

Plan audits are government mandated through the Employee Retirement Income Security Act of 1974 (ERISA) and U.S. Department of Labor (DOL).  The plan administrator is responsible for adhering to these requirements.  Incomplete, inadequate, or untimely audit report may result in penalties being assessed against the plan's administrator and the termination of the plan.  In view of this, the selection of an experienced and reliable auditor is important.  Typically, Federal law requires employee benefit plans with 100 or more participants to have an audit as part of their obligation to file an annual return/report (form 5500 Series).

For More Information Contact Randy Novotny About Employee Benefit Plan Audits.