Advise on plan operations with recommendations on process and administrative improvements. Understanding the DOL’s rule on timely remittance of participant contributions and how to develop a process that would be feasible to the plan sponsor. Advise on uncertainties relating to the correction of ERISA compliance matters on participant accounts.
Employee Retirement Income Security Act (ERISA) holds plan administrators responsible for assuring plan financial statements are sudited in accordance with Generally Accepted Auditing Standard (GAAS). Deficuent audit work can also expose plan administrators to significant penalties under ERISA section 502(c)(2). Our ERISA audit professionals are committed to adhering to the highest level of quality and compliance with professional standards.
If you are involved in the human resources or internal accounting department of your company and you are struggling to comply with the ERISA, because neither you nor your colleagues have the time or the available resources, LEK Partners’s Employee Benefit Plan team can help you. An audit by us will help ensure accurate and timely compliance with reporting requirements, reduce the risks associated with fiduciary responsibilities and ensure that plans operate correctly with the use of sound internal control methods.
Specializing all types of employee benefit plan audits, including both limited and full-scope audits, we offer clients the benefit of a dedicated team of highly accessible professionals with significant expertise in employee benefit plan audits, as well as, cost-effective and value-added results.