SLC Employee Benefits Plan Auditors

EMPLOYEE BENEFIT PLAN AUDITS

For over 60 years, Haynie & Company has served businesses large and small across the United States. Collectively, our professional CPAs have earned countless accreditations and won dozens of awards. Our offices in Salt Lake City, in particular, provide the full gamut of high-quality accounting services.

 

We know that your employees’ benefits are a crucial part of your company’s compensation package. That’s why we provide accurate, reliable, and efficient audits. We’ll work closely with you to:

 

  • Build Trust: Assure your employees that their benefits are secure and well-managed.
  • Minimize Risk: Identify and address potential compliance issues and errors.
  • Streamline Processes: Simplify your benefit plan administration.

 

As members of the AICPA’s Audit Quality Center for Employee Benefit Plans, our CPAs stay ahead of industry trends and regulations. We’re here to help you meet your financial goals and protect your business.

employee-benefit

Can Our Audits Help You?

 

Need expert guidance on your employee benefit plan audits? Contact our Salt Lake City office at (801) 734-9797 to learn more about how we can help.

Audit Services for Employee Benefit Plan

Ensuring the accuracy and compliance of your employee benefit plans is crucial. Our team offers a comprehensive range of audit services to meet your specific needs. Browse our service offerings below:

employee-benefit2

  • 401(k) Plans: Ensure compliance with ERISA and IRS regulations for retirement savings plans, including contributions, distributions, and investment options.
  • Defined Benefit Plans: Verify the accuracy of pension plan valuations and funding obligations, as well as compliance with ERISA and IRS rules.
  • Defined Contribution Plans: Validate the administration and investment performance of these plans, including participant contributions, employer matching contributions, and investment choices.
  • Health & Welfare Plans: Assess the financial health and compliance of health insurance and other welfare benefit plans, including COBRA, HIPAA, and Affordable Care Act requirements.
  • Taft-Hartley Collectively Bargained Plans: Conduct audits of union-negotiated benefit plans, ensuring compliance with ERISA and IRS regulations.

  • Apprenticeship Programs: Verify the proper administration of apprenticeship training programs, including participant eligibility, training hours, and wage requirements.
  • Vacation and Savings Plans: Ensure compliance with federal and state regulations for these plans, including accrual, payout, and tax implications.
  • Scholarship Programs: Validate the eligibility and disbursement of scholarship funds, ensuring compliance with IRS rules and program guidelines.
  • Cafeteria Plans: Assess the administration and tax implications of flexible spending arrangements, including eligibility, contribution limits, and reimbursement procedures.
  • ERISA Consulting Services: Provide expert advice on ERISA compliance and fiduciary responsibilities, including plan design, document preparation, and ongoing compliance monitoring.

Additional Audit Services

  • Full Scope Audits: Comprehensive audits covering all aspects of a plan, including financial statements, participant data, and plan operations.
  • Limited Scope Audits: Focused audits on specific areas of a plan, such as participant contributions, investment performance, or plan administration.
  • Plan Termination Assistance: Guide you through the complex process of terminating a plan, including distribution of plan assets, filing required forms, and meeting IRS deadlines.
  • Payroll Audit Services: Verify the accuracy of payroll calculations and tax withholdings, ensuring compliance with federal, state, and local tax laws.

 

Haynie & Company can also help your human resources department comply with any audit requirements. Our consistency in satisfying client businesses throughout the greater Salt Lake City area and beyond speaks for itself. 

 

Don’t let complex regulations and compliance burdens hinder your business. Reach out to us today to learn how we can help you navigate employee benefit plan audits.

Valuation

Employee Benefits Plan Audit FAQs

Why are employee benefit plan audits important?

Regular audits help ensure compliance with federal regulations, such as ERISA, and protect your organization from potential penalties. By identifying and correcting errors early on, we can help safeguard your plan’s assets and maintain its integrity.

How often should I have my employee benefit plan audited?

This depends on specific plan requirements and regulatory changes. However, annual audits are often recommended to maintain compliance and identify potential issues promptly. Our team at Haynie & Company can assess your specific needs and recommend an appropriate audit schedule.

What can I expect during an employee benefit plan audit?

During an employee benefit plan audit, our CPAs will conduct a thorough review of your plan’s documentation, financial records, and participant data. We will also assess your plan’s compliance with applicable laws and regulations. Our goal is to identify any potential issues and provide recommendations to improve your plan’s administration.

Contact Hayne & Company for an Employee Benefits Package Consultation/span>

 

A company’s employee benefits plan is one of the most critical factors in attracting top-tier talent. Haynie & Company’s expert CPAs help you maintain your plan’s qualified status.

 

Contact Haynie & Company in Salt Lake City today at (801) 734-9797A or through our online form to schedule an initial consultation.

  • Should be Empty: