Employee Benefit Plans

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Curtis Blakely & Co., PC offers extensive experience with auditing many types of employee benefit plans (EBP), including 401(k) and 403(b) retirement plans, health and welfare plans, and profit-sharing plans.

EBP audits ensure the financial integrity of benefit and retirement plans and are required for plans with more than 100 eligible participants by the Department of Labor (DOL). The DOL strictly enforces a complex set of standards. Incomplete, inaccurate, and late reporting can result in penalties and a negative impact on your business. EBP’s are also subject to Employee Retirement Income Security Act (ERISA) regulations. 

Our firm is a member of the AICPA Employee Benefit Plan Audit Quality Center, and our EBP audit team has the experience to ensure your audit is performed in accordance with accepted DOL auditing standards and to meet ERISA requirements. We apply the same risk-based approach as we do with our other audits; however, due to the unique nature of EBP’s, we perform a combination of audit procedures to verify accuracy of financial statement and compliance audits.

We can also assist in reviewing, preparing, and filing your annual Form 5500 to report on your EBP’s financial condition, investments, and operations.