Employee Benefits Audits

Auditing Employee Benefit Plans

Employee benefit plan audits include 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.

What we provide

Audits of employee benefit plans involve more than just a financial audit of the plan’s assets. These audits take an in-depth look at your organization’s compliance with a variety of regulations. The Soren McAdam Christenson Employee Benefit Plan Audit Team will help you be assured that your benefit plan meets all regulatory requirements, including the new ones.

• Our Benefit Audit Team specializes in auditing employee/retirement benefit plans. Areas of expertise include: 401(k) plans, 403(B) plans, defined benefit pension plans, health and welfare plans, profit-sharing plans, and other employee benefit programs.
  
• Our Team receives extensive, ongoing compliance training to stay ahead of new developments and techniques. You receive peace of mind, while improving audit efficiency.
  
• Our Team implements a proven and focused approach to planning and executing your audit. You receive a timely, thorough, expert result.
  
• The Team performs a comprehensive analysis to determine that your plan’s operation complies with its documentation needs, as well as with Employee Retirement Income Security Act (ERISA) provisions.

How you benefit

Soren McAdam Christenson is dedicated to client service and professional accounting standards. Additionally, all of our Employee Benefit Plan clients benefit from:

• Timely delivery of a high quality audit at competitive costs.
  
• Practical recommendations that help clients fine-tune internal procedures, saving time and resources for your organization.
  
• A highly efficient audit, conducted to minimize the need for client assistance.

Employee Benefit Plan Audit Quality Center

As a member of the AICPA’s Employee Benefit Plan Audit Quality Center, we are required to maintain and demonstrate high quality audit services, obtain certain levels of continuing education specifically in the auditing of benefit and retirement plans, and must include plan audits in our peer review process.

Lead Employee Benefit Partner

Kirk Stitt  is SMC’s expert on retirement and benefit plans. He also serves as team captain on peer review and quality review engagements conducted by the AICPA.  He continues to work in several industries, giving him expertise in areas of healthcare, manufacturing and agriculture, as well as the recreation and hospitality industries.