EMPLOYEE BENEFIT PLAN AUDITS

Internal and external scrutiny, combined with the increasing complexity of employee benefit plans and compliance with Department of Labor and Internal Revenue Service requirements, means it is more critical than ever for you to engage a qualified accounting firm in the area of employee benefit plan auditing.

Generally, federal law requires employee benefit plans with 100 or more participants as defined by ERISA to have audited financial statements attached to their Form 5500 filings.  Smaller plans may also need to have an audit if they do not meet certain conditions exempting them from the audit requirement.

For more information on the service that is appropriate for addressing your concerns, please contact Gordon L. McCay, CPA, MBA at 843.881.4477 or via email at gordon@mkaacpa.com.