Employee Benefit Plan Audits
Audit and assurance services are provided by BGBC Partners, LLP
With a growing number of Americans depending on employer-sponsored retirement plans, the expectations and oversight surrounding these plans continue to grow.
At BGBC, a Springline company, we recognize the responsibility that comes with sponsoring an employee benefit plan. Our goal is to help you fulfill your fiduciary obligations by delivering high-quality audits that not only meet regulatory requirements but also provide meaningful insights into your plan’s operations and opportunities for improvement.
The Employee Retirement Income Security Act (ERISA) governs how retirement, health, and other benefit plans are managed. While ERISA doesn’t mandate the establishment of a plan, it does require that those who offer one maintain certain standards—financially and operationally.
What the Department of Labor Emphasizes:
Because employee benefit plan audits involve unique complexities and specialized requirements, selecting a qualified auditor is essential. Our team brings focused experience, ongoing training, and up-to-date technical knowledge to every engagement—ensuring your plan meets the expectations of both the Department of Labor (DOL) and the IRS. We go beyond compliance by identifying opportunities to improve your plan’s internal controls and overall administration.
We work closely with Third Party Administrators (TPAs) and benefit advisors to ensure your plan’s audit is completed accurately, efficiently, and in full compliance with DOL and ERISA requirements.
Types of Plans We Audit:
- 401(k) Plans
- Employee Stock Ownership Plans (ESOPs)
- Defined Contribution Plans
Additional Services We Offer:
- Form 5500 assistance
- Support during Department of Labor audits
AICPA Audit Quality Center Membership
BGBC is a proud member of the AICPA Employee Benefit Plan Audit Quality Center—a national group of CPA firms committed to upholding the highest standards in benefit plan audits. As members, we follow best practices and maintain quality controls, including firm-wide training, internal reviews, and public transparency of peer review results.