Employee Benefit Plan Audits
Ensuring the compliance and accuracy of your employee benefit plan is crucial for maintaining the trust of both plan participants and regulators.
At OAK Advisors, we understand the complex regulations surrounding employee benefit plans, from ERISA requirements to Department of Labor audits. With a dedicated team specializing in employee benefit plan audits, our quality audit services help you navigate these complexities while safeguarding your plan's financial integrity and meeting regulatory requirements.
Our comprehensive employee benefit plan audits provide assurance that your plan is operating as intended, helping you identify potential issues before they become larger problems.
Whether your plan covers pension benefits, 401(k) contributions, or health and welfare benefits, we have the expertise to ensure compliance while offering insights to improve plan operations.
We offer employee benefit plan services to businesses across the United States.
Learn more below or contact us with questions.
Who Needs an Employee Benefit Plan Audit?
If you are a company offering retirement or other benefit plans to your employees, you may be required to submit additional financial statements alongside an annual report (Form 5500).
This may also be referred to as a 401(k) audit, but other plans also require audits, such as profit-sharing plans or pensions.
Typically, plans that have 100 or more participants require an employee benefit plan audit, but there are some considerations that "small plans" need to understand before they hit the 100 or 120-employee mark.
Talking with a member of our assurance team can help you understand where your requirements are currently, and what you may need to do to prepare for an employee benefit plan audit in the months or years to come.
Why Choose OAK Advisors for Your Employee Benefit Plan Audits?
Deep Industry Expertise in Meeting IRS, ERISA, and DOL Requirements
Our audit professionals possess decades of experience conducting employee benefit plan audits across various industries. We understand the specific regulations and challenges involved, ensuring that your plan adheres to ERISA, DOL, and IRS requirements.
Tailored Audit Approaches
Every benefit plan is unique. We customize our audit services to match the structure and complexity of any retirement plan. We understand the requirements to meet regulatory and financial reporting standards for any benefit plan.
Unwavering Integrity and Experience
By conducting benefit plan audits with the highest level of integrity, we ensure that your plan’s financial reporting is transparent and accurate. This fosters confidence among plan participants, fiduciaries, and regulators.
Innovative Audit Methodology and Insights
Our approach is supported by the latest audit technologies. We use automation, data analytics, and digital audit experiences to improve the efficiency and thoroughness of our audits. We aim to minimize disruptions while identifying key insights to enhance your plan’s performance.
Client Involvement
We involve you early and often throughout the audit process. This allows us to promptly address any issues, avoid surprises, and deliver a high-quality audit that meets your deadlines and regulatory requirements.
Personalized Service
While we use advanced technology, our dedicated audit team remains hands-on throughout the engagement. We personally review and analyze critical data, ensuring a thorough and high-quality audit. Our experienced professionals deliver insights that go beyond compliance, providing value to your plan’s overall management.
Building Long-Term Relationships While Ensuring Compliance
Our commitment to excellence in employee benefit plan audits fosters long-lasting relationships with our clients. We focus on trust and transparency, ensuring your benefit plan is in full compliance and operating at its highest potential.
Schedule Your Employee Benefit Plan Audit Today
Ensure your employee benefit plan is compliant, accurate, and efficient. Contact OAK Advisors to discover how our specialized audit services can provide the assurance and insights needed to maintain the integrity of your employer plans.