Employee Benefit Plans (ERISA)
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Employee Benefit Plans
While many accounting firms provide employee benefit plan services as an afterthought, at DMJPS, our audit team is focused on employee benefit plan audits.
As an employer, providing competitive benefits can be a powerful tool for attracting and retaining top talent. Great benefits can provide tremendous value to your organization, but they also bring additional risk and responsibility. When you choose to provide benefit plans for your employees, you are responsible for ensuring that your plan is managed effectively and responsibly. As a general rule, Plans with 100 or more eligible participants are required to complete an annual audit, while smaller plans can also mitigate potential risk and ensure they are meeting their fiduciary responsibility with agreed upon procedures.
We are long standing members of the AICPA Employee Benefit Plan Audit Quality Center and are committed to ensuring that our audits provide value, help our clients ensure they are meeting their fiduciary responsibilities, and meet the highest standards set forth by the AICPA and the Department of Labor.
Our employee benefit plan audit services include:
- Defined Contribution Plans
- Defined Benefit Plans
- Defined Health and Welfare Plans
- Flexible Spending Accounts
- Health Savings Accounts
DMJPS provides the following employee benefit plan services:
Audits and Preparation of form 5500 for the following types of Retirement Plans
Defined Contributions Plans which include:
- Profit Sharing Plans
- Money Purchase Pension Plans
- Stock Bonus Plans
- 401(k) Plans
- Thrift Plans
- Employee Stock Ownership Plans (ESOPS)
- Target Benefit Plans
- SIMPLE Plans
- 403(b) Plans (Tax Sheltered Annuity Plans)
- 457(b) Plans (Deferred Compensation Plans)
Defined Benefit Plans which include:
- Cash Balance Plans
- Pension Equity Plans
Audits and preparation of form 5500 for the following types of Health and Welfare Plans
- Defined Benefit Health and Welfare Plans
- Defined Contribution Health and Welfare Plans
These Include:
- Health Care Plans
- Cafeteria Plans
- Disability Plans
- Dependent Care Plans
- Managed Care Arrangements
- Fully Insured Pooled Arrangements
- Pharmacy Benefit Managers
- Flexible Spending Accounts
- Health Savings Accounts
- Health Reimbursement Arrangement
- Multiple Employer Welfare Arrangements
- Group Insurance Arrangements