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Employee Benefit Plan Audits If your company's 401(k) Plan (or other employee benefit plan) has more than 100 participants, it is very likely that you require an audit to comply with ERISA (Employee Retirement Income Security Act) regulations. RINA has employee benefit plan audit experience that dates back to the passage of ERISA in the 1970’s and we have developed an expertise in performing audits of 401(k) Plans, 403(b) Plans, Defined Benefit Pension Plans, Profit Sharing Plans, Health and Welfare Plans and ESOP (Employee Stock Ownership Plans). RINA is a member of the AICPA Employee Benefit Plan Audit Quality Center, which means we adhere to a standard of quality control over our employee benefit plan audit practice that exceeds the standards that non-member Firms must comply with. We audit over 30 plans, a majority of which are limited scope audits. Our audits are designed to test for proper compliance with the Department of Labor and ERISA rules and regulations. We work with our client’s internal team to perform plan audits efficiently and timely. Our proactive planning and scheduling of the audits help to avoid last minute rush to the tax filing deadline. In addition to an auditor’s report, our clients also receive recommendations to improve the administration of the plan. We communicate areas for improvement through a management letter. We have created an Employee Benefit Plan Audit Group, and stay current with all changes in the law through active participation in advanced training and educational programs. Our auditors are trained and experienced and work flexible schedules to minimize disruptions to the client. RINA’s commitment to quality is apparent in our policy of maintaining continuity of staff assigned to each engagement. Maintaining continuity of staff not only enables us to perform the audit in the most efficient, effective, and timely manner possible, but also saves our clients from the inconvenience of having to break in new audit staff each year. Our Employee Benefit Plan Audit specialists instill confidence and create a peace of mind that your plan will be compliant with government regulations. The innovative methods and techniques we employ allow us to perform our audits with maximum efficiency while maintaining unsurpassed quality and value with minimal disruption to your internal team. Resources For more information about our services, contact:
Brad Gai, Stockholder
bgai@rina.com
Judy Kim, Manager
jkim@rina.com
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