Employee benefit plans are complex and require the services of a CPA. Plan operations are usually carried out by internal departments and third-party providers, but fiduciary responsibility lies with plan officers who may not be involved in the plan's daily operations. In addition to corroborating financial statements, an employee benefit plan audit must assess whether the plan is operating according to its documentation and amendments.

Members of our staff have received specialized training in benefit plan audits. Our extensive technical knowledge of GAAP and ERISA requirements can help you mitigate risks and adhere to regulatory requirements. We can also facilitate a smooth, timely filing of Form 5500. Whether you need an audit, tax return, or both, Halliday, Schwartz & Co. will be glad to assist you in meeting all requirements that comprise an employee benefit plan.

Employee benefit plans are commonly known as:

  • 401(k) plans
  • Keogh plans
  • Thrift plans
  • Cafeteria plans
  • Deferred compensation plans