Rest assured with our year-round support
It’s not just compensation; it’s trust. Your employee benefit plans make your people feel valued and rewarded. And our risk-based audits will help you protect that foundation of trust. Perkins is one of the few regional firms to specialize in employee benefit plan (EBP) audits, and our dedicated team completes more than 70 of them every year. We subtract the worry and add deep strategic expertise to your EBP audit so you can focus on the initiatives that benefit your business and your employees the most.
You can always expect us to…
- Help you navigate stringent operational and reporting requirements
- Proactively build solutions to help you avoid penalties for noncompliance
- Share ideas and recommendations to streamline your processes or strengthen your internal controls
- Look for opportunities to improve and protect your plans
- Keep you current on accounting and regulatory changes that may impact your plan and the plan’s operations
- Alert you to new risks
- Provide written reports on our observations and recommendations
The quality of our audits is second to none. As a member of the AICPA’s Employee Benefit Plans Audit Quality Center (EBPAQC), we are held to the highest standard of compliance and peer review. Perkins shareholder Jennifer Elder serves on the AICPA Technical Standards Subcommittee, which supports the AICPA Professional Ethics Division. This committee investigates potential disciplinary matters involving CPAs, including those in audits of employee benefit plans through complaints made to the Department of Labor. Her firsthand knowledge of EBP audit problems and errors reported by the Department of Labor gives us timely insight into issues your own plan may face. In addition, we have implemented the following to demonstrate our strong commitment to EBPAQC principles:
- Significant annual training for benefit plan auditors
- Having a specialized benefit plan audit team led by a designated shareholder
- Annual internal inspections using best practices, guidelines, and tools focused on quality improvement
- Keeping you in the know about EBP trends, news, and issues
- The highest standards of audit quality, compliance, and peer review
We can help you with…
Audits of Employee Benefit Plans
- Defined contribution plans, including 401(k), 403(b), profit sharing plans, and money purchase pension plans
- Defined benefit plans, including cash balance plans
- Employee stock ownership plans
- Health and welfare plans
ERISA Compliance Reviews
IRS & DOL Correction Programs
- Employee Plans Compliance Resolution System (EPCRS)
- Delinquent Filer Voluntary Compliance Program (DFVCP)
- Voluntary Correction Program (VCP)