Employee Benefit Plans

As one of the few firms in Texas with significant experience in the employee benefits arena, we perform audits on over 200 plans annually and prepare or review over 350 Form 5500 tax returns. Our benefit plan audit professionals have seen and audited every type of employee benefit plan, including those with alternative investments, plans held in a master trust and terminating plans,. Our Employee Retirement Income Security Act (ERISA) audit practice focuses on large plans – those above the approximate 100-eligible participant threshold for filing an audit report with a Plan’s Form 5500 filing with the U.S. Department of Labor (DOL), while our Form 5500 team focuses on plans of all types and sizes for compliance with Form 5500 filing requirements, whether audited or not. Our firm also focuses on due diligence issues associated with mergers and acquisitions. Our clients say we are known for finding non-compliance issues that in-house personnel or previous plan auditors have missed. Such errors can jeopardize a plan’s qualified status if not detected timely and properly corrected, and can result in significant financial impact to the plan sponsor. Because we know the common pitfalls and areas of special focus by the regulators, we are proactive to recommend best practices aimed at strengthening controls and increasing corporate governance to assist you in minimizing risk for error.

As one of the few firms in Texas with significant experience in the employee benefits arena, we perform audits on over 200 plans annually and prepare or review over 350 Form 5500 tax returns. Our benefit plan audit professionals have seen and audited every type of employee benefit plan, including those with alternative investments, plans held in a master trust and terminating plans,. Our Employee Retirement Income Security Act (ERISA) audit practice focuses on large plans – those above the approximate 100-eligible participant threshold for filing an audit report with a Plan’s Form 5500 filing with the U.S. Department of Labor (DOL), while our Form 5500 team focuses on plans of all types and sizes for compliance with Form 5500 filing requirements, whether audited or not. Our firm also focuses on due diligence issues associated with mergers and acquisitions. Our clients say we are known for finding non-compliance issues that in-house personnel or previous plan auditors have missed. Such errors can jeopardize a plan’s qualified status if not detected timely and properly corrected, and can result in significant financial impact to the plan sponsor. Because we know the common pitfalls and areas of special focus by the regulators, we are proactive to recommend best practices aimed at strengthening controls and increasing corporate governance to assist you in minimizing risk for error.

We provide services in the following areas:

  • 401(k), 403(b), 401(a) and profit sharing defined contribution plans
  • Employee health and welfare plans
  • ESOP
  • Defined benefit pension plans
  • Public sector retirement plans
  • Plans requiring a Form 11-K filing with the SEC
  • Plans held in a master trust
  • Plan mergers, spin-offs and terminations
  • Due diligence guidance on employee benefit plans before and after mergers and acquisitions
  • Delinquent Filer Voluntary Compliance Program filings
  • Reporting compliance (refer to our Employee Benefit Plan Compliance page for details) [TC1]

We welcome peer reviews by the American Institute of Certified Public Accountants (AICPA), as well as inspections by the DOL and the Public Company Accounting Oversight Board (PCAOB), and have never had a significant deficiency issue raised in such reviews and inspections.

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