Benefit Plans

LLG Provides Assurance to Employee Benefit Plan Providers

LLG serves as an independent auditor to many employee benefit plans, providing plan owners with assurance that they have met their fiduciary responsibilities. Federal law requires employee benefit plans with 100 or more participants to hire an independent qualified public accountant to conduct a quality audit in accordance with the Employee Retirement Income Security Act of 1974 (ERISA) and U.S. Department of Labor (DOL) requirements.

Plans audited include pension, profit sharing and 401(K) plans as well as health and welfare benefit plans.

LLG is an Experienced Benefit Plan Auditor
LLG is a member of the AICPA Benefit Plan Audit Quality Center, which requires that LLG remains current with industry best practices, guidelines and tools for CPAs to perform quality benefit plan audits.

In addition to conducting audits, LLG consults with plan owners on current plan features, plan document design and implementation, compliance testing and preparation of tax filings. If corrections are required, LLG can provide assistance in dealing with Internal Revenue Service and Department of Labor Audit and Correction Program.

“Trustees need auditors who are up-to-date with legislative requirements and out in front of future mandates that could affect funding, investments and administration,” says Anton Hendler, LLG partner. “Our auditors make it their business to know what’s possibly coming down the road.”

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Request a free quote on our employee benefit plan services.