Services

Defined Benefit Plan Audits

Your pension plan has a history. We know how to audit it, whether it’s active, frozen or winding down.

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Experienced Support for Your Defined Benefit Plan Audit

Pension plans often span decades, bringing unique audit challenges that require precision and perspective to solve. Our team is equipped to handle all aspects of your defined benefit plan audits, achieving accurate results through:

Extensive experience auditing long-standing defined benefit and cash balance plans
Practical solutions for missing or outdated records
Familiarity with active, frozen and terminating plans
A collaborative approach that involves working closely with actuaries, providers and your team

Audits You Can Count on

Thousands of completed audits. Zero surprises.

Just accurate, on-time results you can trust.

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Services

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Defined Benefit Pension Plan Audits

Defined benefit plan audits require specialized expertise — and with decades of experience working with pension plans like yours, that’s exactly what we bring to the table.

Cash Balance Pension Plan Audits

Your cash balance pension plans will be audited by a team that understands the benefit calculations that make them unique.

HOW IT WORKS

With a process refined over multiple decades and thousands of employee benefit plan audits, we know how to keep things running smoothly.

Here’s what you can expect during each step of your audit.

Step 1

Planning Call

Before getting started, we’ll schedule time to talk about your plan. If you’re a new client, we’ll dive deep into the details. If you’ve partnered with us before, there’s no need to start from scratch — we focus our time on what’s changed since we last connected.

Step 2

We Get to Work

Once we have the information we need, we get started on your audit — keeping you updated through Atlas, our centralized, practice management collaborative application. With Atlas, you can securely share documentation and files with our team, communicate with us throughout your audit and track its progress 24/7.

Step 3

Results

Once your audit is complete, we provide you with an audit report on the plan’s financial statements and a communications with governance letter, which goes over the results of the audit and details our findings. At the client’s request, we typically assist in drafting the financial statements and related footnotes as part of the audit process.

Step 4

Wrap-up Call

Finally, we’ll meet with you again to discuss the results of your audit and answer any questions you have, whether it’s a discussion with your team or a more formal presentation to a committee.

Working With Us

When you partner with us for your employee benefit plan audits, you can count on much more than our best-in-class audit services.

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Unmatched Expertise

Our exclusive focus on ERISA audits enables us to bring deep regulatory knowledge and years of specialized experience to your audit.

A Streamlined Audit Process

With our collaborative practice management application, all aspects of your audit — from communications to file sharing — are centralized for a faster, smoother, more organized experience.

Minimal Disruption to Your Team

Our streamlined audit process and ability to work directly with your service providers reduces the workload on your internal staff, so you can focus on what matters most — running your business.

National Recognition

As one of the largest employee benefit plan audit firms in the country, we’ve earned the trust of small businesses and Fortune 1000 companies alike.

FAQs

Do I need an audit for my defined benefit plan?

Different rules apply depending on whether your plan is classified as a “small” plan or a “large” plan. Generally, a small plan must file Schedule I with its Form 5500 Annual Report, which does not require an audit report. A large plan must file Schedule H with its Form 5500 Annual Report, which requires the attachment of an auditor’s report. In other words, if your plan qualifies as a large plan, it necessitates an audit.

Can you handle both our pension and defined contribution plan audits?

Yes. In fact, many of our pension plan clients offer both plan types. Through years of experience, we know how to coordinate across these plans, finding efficiencies and streamlining the audit process.

Do you work with clients going through de-risking?

Absolutely. We’re familiar with a wide range of de-risking strategies — including plan freezes, terminations, lump-sum payouts and annuity buyouts — and we understand how to handle these transitions appropriately.

Ready for an Effective, Efficient Audit?

With thousands of employee benefit plan audits completed each year, our team understands the details that matter and has the experience to deliver audit results you can trust — on time and without surprises.

Get in touch with us today to begin the conversation.

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