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Employee Benefit Plan Audits

Employee Benefit Plan Audits

Under Federal law, most employee benefit plans with 100 or more participants must submit audited plan financial statements when filing an annual return/report (commonly called a Form 5500).

A good quality audit helps protect the assets and financial integrity of your employee benefit plan and provide the plan administrator with information to help ensure the necessary funds are available to pay retirement, health, and other promised benefits. 

Your Auditor Selection is Important.

It is imperative the plan administrator hire an experienced, qualified, independent certified public accountant to audit their employee benefit plan. 

The CPA can identify internal control weaknesses or plan operational errors that may help improve and streamline plan operations and can help you avoid civil penalties for an incomplete, inadequate, or untimely audit report. 

DZA currently audits nearly 30 employee benefit plans each year. The firm’s qualifications include:

  • AICPA Employee Benefit Plan Audit Quality Center Member.
  • Participating in the essential AICPA Peer Review Program, which gives firms a rating of pass, pass with deficiency, or fail. DZA received a peer review rate of pass – the highest rating available.
  • Over 10 years of experience auditing employee benefit plans.
  • A team experienced with the nuances of employee benefit plan audits.
  • Training and professional development for professional staff members in excess of the AICPA, Governmental Accountability Office, and state requirements.

Our services include:

  • 401(k), 403(b), and 401(a) audits
  • Full-scope audits
  • ERISA Section 103(a)(3)(c) audits (formerly known as limited-scope audits)
  • IRS Form 5500 preparation

Quality Assurance

We perform each engagement with integrity, expertise, and responsiveness to ensure high-quality products are delivered to clients. Each product we generate goes through a multitude of reviews and revisions, thereby ensuring clients are provided quality products. Our quality controls include professional education, the American Institute of Certified Public Accountants (AICPA) peer review program, and the Centers membership.

Team Leader:

Shaun Johnson, CPA

Team Leader:

Joe Lodge, CPA

Interested in learning more? Contact us.