White Nelson - Services
White Nelson - Services

401(k), Pension Plan & ERISA Audits

Experience Matters More Than Ever

It is no secret; the U.S. Department of Labor says that selecting the right auditor for your employee benefit plan audit is vital to the protection of your company and employees. The risk a company takes to save a small amount of money largely overshadows the short-term cost savings of taking a “lowest bid” approach. A high-quality audit by an experienced firm like White Nelson Diehl Evans LLP can assist in protecting your plan and help you monitor available funds to pay future benefits to your employees; whether retirement, health or other. Additionally, since it is a legal obligation to complete an accurate annual report for your plan each year, penalties may be assessed to your organization should your audit report be insufficient or untimely. This underscores the need to select the right certified independent auditor. We believe that White Nelson Diehl Evans is that firm.

It is important that the firm you select to perform your employee benefit plan audit is qualified and experienced like White Nelson Diehl Evans LLP, a member of the American Institute of Certified Public Accountants’ (AICPA) Employee Benefit Plan Audit Quality Center. Member firms are held to standards that demonstrate a commitment to audit quality.

A few questions to consider...

  • Does your auditor possess the necessary expertise and experience?
  • Is your auditor up-to-date on technical and professional guidance with respect to EBP audits?
  • Does your auditor perform a significant number of EBP audits?
  • Does your auditor understand how to fairly value plan assets?
  • Does your auditor consider the plan’s definition of compensation when testing contributions?
  • Does your auditor belong to the AICPA Employee Benefit Plan Audit Quality Control Center?
  • Does your auditor have a clean peer review report?
  • Does your auditor give you expected completion dates?

Download ERISA Audit Flyer

To discuss your organization accounting, audit or Form 5500 requirements, please email lhouri@wndecpa.com

White Nelson - Services

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