Employee Benefit Plan Services

Results Through Focus

Qualified Plan Administration & Consulting Group

If there’s one topic that weighs on a business owner’s mind, it’s retirement plans — their own and  their employees’. The right plan can help attract and retain key employees today, and provide security for you as you plan for tomorrow. Our Qualified Plan Administration and Consulting Group offers all the sophisticated services you expect from a top CPA and advisory firm — but it’s our service style that sets us apart.

Because we believe better relationships produce better results, we train our professionals to deliver highly-valued client experiences. And it shows. Our client satisfaction ratings are 45% higher than the industry average.*

With more than 40 years of experience serving retirement planning needs, we can help you stay compliant, manage risk and make smart decisions. But we also respond promptly, deliver quality and truly care about your success – now and in the future. We call it results through remarkable relationships.

* Based on third-party surveys of accounting firm customers.

Service Offerings

Design

We design custom retirement plans geared to each client’s financial situation. We are unaffiliated with any investment advisor, custodian, record keeper or product line. While other providers may try to fit your needs into a box that is already created, we can work outside of the box to provide a personalized solution.

We strive to know you and your business. We listen to your needs, ask clarifying questions, and respond accordingly.

Implementation

Our solution will include customizing not only your plan design, but also the forms and procedures necessary to meet your specialized needs. Throughout our relationship, we will keep you and your staff abreast of fiduciary responsibilities, important deadlines, any changes in law, and trends in interpretation.

The end result is implementation of the best wealth accumulation and wealth protection plan for your employees.

Administration

If desired, a dedicated Plan Administrator can handle the day-to-day administration of your retirement plan. We know there is stress associated with year-end planning, so we proactively support you with projected year-end allocations and bonus calculations prior to year-end. Easing your stress and your workload is part of our client-centered philosophy. Our team consistently exceeds client expectations because we are dedicated to timely, accurate service. Our team has over 125 years of combined experience and we pride ourselves on meeting client needs responsively and proactively.

Year-Round Focus

Retirement plan design, administration and consulting are QPAC’s only focus. We concentrate solely on employee benefit plans year-round. This is a core competency of our firm, not an add-on business, and our clients notice. We offer design, implementation and administrative services for:

  • 401(k) & 403(b) plans
  • Profit sharing plans
  • Money purchase plans
  • Target benefit plans
  • Cash balance plans
  • Traditional defined benefit plans
  • Defined benefit/defined contribution 401(k) combination plans
  • Non-qualified benefit plans

Comprehensive Services

We offer services with depth and focus unavailable elsewhere in the region, including:

  • Qualified plan documents (including section 125 cafeteria plans)
  • Valuation reports
  • Trust accounting
  • Testing (coverage & non-discrimination testing)
  • Form 5500 preparation (including welfare benefit plans)
  • Employer/ employee communication
  • Contribution calculations
  • Vesting determinations
  • Assistance with distribution, hardship & loan processing
  • Benefit plan audit services
  • Strategic HR services
  • Payroll services

Thought Leadership

It is imperative to keep our clients abreast of new legislation, relevant topics and trends. Our professionals are more than CPAs. They are authors, speakers and industry leaders who offer insights on industry-specific topics and challenges.

CSH publishes articles, resource guides and hosts webinars and seminars aimed at keeping you informed and performing at your best.

Results Through Focus

Employee Benefit Plan Audit

It’s a fact: The more plans a firm audits, the fewer deficiencies that are found. And our numbers speak for themselves: CSH is one of the top 30 firms nationwide and we audit over 325 plans annually and have 0 deficiencies.

Technical expertise aside, Clark Schaefer Hackett is committed to providing the best client service of any firm — period. Because we believe better relationships produce better results, we train our professionals to deliver highly-valued client experiences. And it shows. Our client satisfaction ratings are 45% higher than the industry average.*

We can help you stay compliant, manage risk and make smart decisions. But we also respond promptly, deliver quality and truly care about your success. We call it results through remarkable relationships.

* Based on third-party surveys of accounting firm customers.

Plans Audited

We offer dedicated personnel and significant resources focused on compliance, enforcement, accounting and operational issues. The types of plan audits we perform include:

  • Defined contribution, including 401(k), 403(b), & ESOP plans
  • Defined benefit plans
  • Health & welfare plans
  • Limited & full scope
  • 11-K audits
  • Single & multi-employer

National Expertise

CSH is a member of the AICPA Employee Benefit Plan Audit Quality Center, a standing available to select firms who meet requirements specific to policies and procedures for the employee benefit plan audit practice, and internal inspection. Our team is led by Jim Haubrock, a nationally recognized specialist and Chair of the Executive Committee of the Employee Benefit Plan Audit Quality Center.

Year-Round Focus

Unlike other public accounting firms, who view employee benefit plan projects as “filler” work or training camp for junior auditors, CSH has a critical mass of seasoned accountants who perform benefit plan work as their primary specialty area and participate in a minimum of eight hours of EBPA training annually. Our commitment to our clients is year-round.  The result is a low-turnover rate of professionals who are subject experts.

Our Approach to Audits

The process begins with the assignment of an engagement team experienced with auditing employee benefit plans. Because our dedicated professionals utilize a proven protocol designed to ease transitions, your staff is not continuously pulled off task to help us with the audit.

Our structured audit approach includes:

  • Meeting with key employees to understand your employee benefit plan operations
  • Contacting and working with the plan administrator to request essential items
  • Developing an audit plan to meet your specific schedule & filing requirements
  • Conducting the audit at your business site to enhance communications & efficiency
  • Identifying any regulatory & fiduciary issues to discuss with your management & plan governance

Qualified Plan Administration & Consulting

Our Qualified Plan Administration and Consulting Group is a third-party administrator of employee benefit plans. If you are considering a TPA, we can review your plan to determine if your goals are being met, as well as look for ways to save money for you and your plan participants.

Quality Counts

A recent Department of Labor Audit Quality Study found that experience counts. The graphic below illustrates the deficiency rates they observed,  broken down by the number of plans audited annually by firms.

** Assessing the Quality of Employee Benefit Plan Audits, U.S. Department of Labor, Employee Benefits Security Administration, Office of the Chief Accountant, May 2015.

Employee Benefit Plan Services Guidance

Keeping you informed about the financial issues that impact you is a priority at CSH. You can count on us to share ideas, insights and best practices to keep you ahead of the curve.

How Can We Help You?

With a vast array of solutions to meet the needs of growing businesses, individuals and families, the question isn’t if we can help but how.

Employee Benefit Plan Services Team

We offer best-in-class technical expertise and services, but it’s the quality of our professionals that set us apart. At CSH, relationships matter, and we believe creating supportive, helpful, working relationships is perhaps the most valuable talent we offer. How can we support you? Contact one of our team members below or explore our searchable page of all firm professionals.

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