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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.

Our 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