We Ensure You’re in Compliance

Through our comprehensive pension audit, we make sure you are compliant with ERISA pension and tax law. Unlike payroll, pensions are governed by both the Internal Revenue Service (IRS) and the Department of Labor (DOL). The IRS is responsible for validating minimum participation requirements, vesting requirements, and discrimination tests.

While the Employee Benefit Security Administration (EBSA), a branch of the DOL, is responsible for ensuring contributions are distributed into participant’s accounts accurately and on time. The EBSA can audit your pension plan documents at any time. These audits can be a result of random selection or triggered because of a Form 5500 error.

Every company that has an employee benefit plan, such as a pension, is required to annually file a Form 5500, Form 5500-SF, or Form 5500-EZ, depending on their plan size and intricacies. Failing to meet the annual filing requirements may result in penalties, including a fee of up to $1,100 a day for each day a plan administrator fails or refuses to file a complete and accurate Form 5500-series return.

Through our pension audit service, our team of trained pension experts make sure your pension plan is compliant with all applicable DOL and IRS requirements. We also ensure the timeliness and accuracy of your Form 5500-series filing.

Creating the Best Retirement Plan Possible

Our team specializes in retirement plan design for all types of businesses and industries. We work with you to discuss your personal retirement goals as well as your goals to fund your employees’ retirement.

To make sure you and your employees are properly set up for retirement, or if you are concerned about whether your retirement plan is in compliance, get in touch with us.