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Employee benefit plans represent a significant portion of a company’s compensation package and have been highly impacted by regulatory changes as a result of the increased oversight by the U.S. Department of Labor.
Dedicated Team. MFR’s dedicated employee benefit plan team understands the intricacies of the regulatory environment, the complexities of the financial reporting and the auditing requirements for benefit plans. We consider the responsibilities of the fiduciary, along with the corresponding risks, and take a proactive approach to help your benefit plans maintain compliance and mitigate risk.
Experience. We have experience in auditing defined contribution plans, defined benefit plans and health and welfare plans, ranging from small plans of privately held companies to national plans with thousands of participants.
Our employee benefit plan services include:
- Full scope financial statement audits for Form 11-K SEC filings
- Full scope and limited scope financial statement audits for DOL/ERISA filings
- Medical claims audits
- Third party contract reviews and monitoring
- HIPAA compliance reviews
- Trust statement reconciliations
- Agreed-upon procedures
- Internal process reviews and documentation
- Form 5500 preparation
- Summary Annual Report preparation
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