Employee Benefit Plan Audits

Expert Employee
Benefit Audits

At Hacker, Johnson & Smith PA, our professionals have a thorough understanding of the rules and regulations governing employee benefit plans. Plan sponsors are charged with the responsibility to follow these guidelines to ensure their plan remains qualified in the eyes of the Internal Revenue Service and the Department of Labor. During the audit process, we use our knowledge and experience to provide timely, high quality audit services for a reasonable fee.

Employee Benefit Plan Audit Quality Center

Our firm is a member of the Employee Benefit Plan Audit Quality Center of the American Institute of Certified Public Accountants. The Employee Benefit Plan Audit Quality Center is a firm-based voluntary membership center for firms that audit employee benefit plans, including pension, health and welfare, and 401(k) plans subject to the Employee Retirement Income Security Act (ERISA) under the regulatory authority of the U.S. Department of Labor (DOL).

Services Offered Include:

  • Limited Scope and Full Scope Audits
  • Audits of Defined Contribution Employee Benefit Plans (including 401(k) Plans, Profit Sharing Plans and 403(b) Plans)
  • Audits of Defined Benefit Employee Benefit Plans
  • Audits of plans requiring filing of Form 11K

Our Added Touch

Many companies feel that the requirement to have their employee benefit plan audited is a necessary evil. At Hacker, Johnson & Smith PA, we make this process as easy and painless as possible, while also providing our clients with important guidance along the way to help keep the plan free of costly compliance violations. We have experience and relationships with many of the large third party record keeping providers in the industry. This helps us gather the needed information directly from them and thus minimizing our reliance on you to provide data.

If you are required to have a plan audit, you may as well get some added benefit from it. Our staff has the depth of experience to provide this extra benefit.

Key Bank Services

  • Independent audits
  • Attestation Report Concerning the Effectiveness of Internal Control Structure Over Financial Reporting
  • Novo services
  • Employee Benefit Plan audits
  • HUD Compliance
  • Assistance with accounting issues and compliance
  • Tax compliance and planning services
  • Tax return preparation
  • Quarterly estimate tax calculations
  • Representation before the IRS and state taxing authorities
  • Tax Structure – S Corporation Elections
  • Deferred tax asset (liability) review
  • Assistance with quarterly and annual tax disclosures for the financial statements and/or similar reports.