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Employee Benefit Plan Audits

Federal law requires that any employee benefit plan with 100 or more participants must be audited annually. Stringent guidelines under the Employee Retirement Income Security Act (ERISA) make obtaining accurate employee benefit plan audits crucial to remain in accordance with DOL compliance regulations. Our team at The Hoffman Group have the experience, knowledge and skills to provide a comprehensive audit of your employee benefit plan while offering valuable insight about it’s operational and compliance issues.

employee benefit plan audit

Our Employee Benefit Plan Audit Services Include:

  • Full scope & limited scope audits:
    • 401 (k) Plans
    • 403 (b) Plans
    • Profit-sharing Plans
    • Defined Benefit Plans
    • ESOPS
  • Self-correction of plan errors
  • Education on fiduciary responsibilities
  • Analysis of investment performance
  • Assistance with Voluntary Correction Program (VCP) filings
  • Assistance with IRS and DOL audits
  • Assistance with prohibited transaction issues
  • Review of compliance with the plan document, IRS and DOL regulations
  • Internal control reviews

The Hoffman Group is a full-service accounting and consulting firm dedicated to providing clients with transparency, superior service, and dynamic results. Our team of Certified Public Accountants and consultants use their breadth of experience to offer our clients tailored solutions to help them amplify profitability, maximize competitiveness, and reach their financial goals. By implementing a transparent and thorough approach to accounting, we provide a breadth of services to meet the unique needs of our clients, including: tax compliance and preparation, audit, review and compilation of financial statements, management advisory, business valuations, mergers and acquisitions, litigation support, forensics and fraud services, cost segregation, employee benefit plan audits, outsourced accounting and CFO services, and multistate tax services.