Annual Employee Benefit Plan audits safeguard...
Employee Benefit Plan Audit Services
LGA keeps current with DOL and IRS regulations through its active membership with the AICPA Employee Benefit Plan Audit Quality Center.
This benefits our clients through peace of mind because LGA agrees to an added layer of scrutiny by the AICPA to ensure that we maintain the highest quality audit standards.
When is it time to change auditors for your employee benefit plan?
If you’re working with a Big 4 firm: There’s rarely a reason to pay their higher fees when LGA can provide the same high-quality audit at a more appropriate cost to the company, under a client service centric delivery model.
If you’re working with a firm that only audits a few employee benefit plans: The DOL has issued guidance on this matter after finding very low-quality work by those firms that “dabble” in the area. LGA has conducted hundreds of employee benefit plan audits and has consistently delivered results that stand up to the regulators’ quality standards.
If you don’t know your auditor’s name: The DOL has placed a strong emphasis on gaining an understanding of the business and the operations of the Company and the Plan during the audit and LGA is committed to both in our audit process. Our dedicated team of benefit plan professionals are available to take your call any time throughout the year if you have questions about your Plan.
If you’re not sure what value you’re getting for your money: While this may be a regulatory driven audit, you should still expect to receive value from the process through recommendations of process improvements and related best practices to ensure your plan is always in compliance with DOL and IRS requirements.
Why choose LGA for your employee benefit plan audit?
LGA’s employee benefit plan team has the experience needed to bring you fresh ideas.
Beyond compliance, we’ll help you improve processes and procedures each year that will help to keep you compliant with the voluminous requirements.
Before, during, and after, you’ll be in-the-know! Our team prides itself on strong and effective communication throughout the process so you’re never left guessing where things stand.
We’re committed to performing a quality audit that meets the IRS and DOL’s high standards, for a price that is both fair and reasonable for the work required.
The number of eligible participants in your plan that will likely trigger the need for an employee benefit plan audit.
Participant funds at risk because of “Unacceptable-major” deficiencies in employee benefit plan audits nationally.
deficient DOL audits
None of LGA’s employee benefit plan audits have ever been found deficient in a DOL review.
Employee Benefit Plan Audit Team Leader
Alicia is a CPA with more than 10 years of experience analyzing and reporting financial data and helping clients understand the impact of accounting rules on their day to day operations. She has extensive experience with employee benefit plan audits including defined benefit plan audits, 401(k) plan audits, and 403(b) plan audits.