Employee Benefit Plan Audit
We’re one of the nation’s top 30 firms for auditing employee benefit plans.
We can help you stay compliant, manage risk and make smart decisions.
The more plans a firm audits, the fewer deficiencies that are found. Our numbers speak for themselves: We audit approximately 350 plans a year and have 0 deficiencies. A poorly executed audit increases the risk of penalties, and we help our clients reduce that risk.
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.
Some firms view employee benefit plan projects as “filler” work. Our advisors perform benefit plan work as their primary specialty area and participate in annual employee benefit plan audit training. Our commitment to our clients is year-round.
- Defined contribution, including 401(k), 403(b), & ESOP plans
- Defined benefit plans
- Health & welfare plans
- Limited & full scope
- 11-K audits
- Single & multi-employer
Multiemployer Plan Audits
CSH is a leading provider of audits for multiemployer (Taft-Hartley) benefit plans. Our employee benefit plan audit group experts serve the complex needs of multiemployer plans and assist trustees, plan administrators and other plan professionals in meeting their fiduciary responsibilities. Because this is a dedicated focus of our group, our multiemployer clients are served by professionals who are current in industry developments, and can share valuable recommendations and best practices to improve plan operations and compliance.
Payroll Compliance Audits
Payroll compliance audit programs can help ensure the plan is receiving the proper contributions, and can protect trustees from personal liability by preventing inaccurate or incomplete reporting. Our audit findings also improve collections and reduce the likelihood of future noncompliance.
A recent Department of Labor Audit Quality Study* found that experience counts. The graphic to the right 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.
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