Employee Benefit Plan Audits

Investing in Employees to Grow Your Company

Your employees are the lifeblood of your operations. They’re why you can create and sell the products, or deliver the services, you do for your clients and community. Taking care of them is one of the most important things you can do and conducting an employee benefit plan audit is key to achieving that.

As a reminder, the U.S. Department of Labor requires an employee benefit plan audit from an independent third party if you meet certain thresholds, generally if you provide benefits for more than 100 participants.

Audits & Advice to Allow You to Get the Most from your Benefits Plans

The Bailey Scarano team goes way beyond compliance. When conducting an employee benefit plan audit, we’ll provide you with organized and analyzed information to help you make better decisions to protect one of your greatest assets – your employees. This process will, among other objectives, help you prevent fraud and abuse, find opportunities to save money and streamline benefit offerings including, but not limited to:

  • 401(k)
  • Profit sharing
  • 403(b)
  • Stock option plans (ESOPS)
  • Pension plans
  • Health and welfare
  • Vacation
  • Severance packages

Want to Learn More?

Reach out to Bailey Scarano today. We can conduct your employee benefit plan audits and advise you on improvements to make as well.

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