Employee benefit plans represent a significant portion of a company’s compensation package. Recently, this particular field has been impacted by increasingly strict regulatory and legislative criteria imposed by the U.S. Department of Labor.

MFR’s dedicated employee benefit plan team understands the intricacies of the regulatory environment, the complexities of financial reporting and the auditing requirements specific to benefit plans. We take into account the fiduciary responsibilities, as well as the corresponding risks, employing a proactive approach to help our clients’ benefit programs mitigate risk and maintain compliance.

Our commitment to the employee benefit plan industry is demonstrated through our membership in the American Institute of Certified Public Accountants’ Employee Benefit Plan Audit Quality Center. We have a designated principal who oversees the employee benefit plan audit practice and provides industry-specific training.

A profound understanding of the ins and outs of benefit plans and how they operate enables us to work with our clients and their third-party administrators to complete services within an acceptable time frame. In addition, our diverse backgrounds ensure a broader perspective when examining issues and allow us to develop and coordinate solutions with greater efficiency.

We provide service to defined contribution and benefit plans as well as health and welfare plans, ranging from small plans of privately held companies to those national in scope with more than 40,000 participants. Our employee benefit plan services encompass:

• Full-scope financial statement audits for Form 11-K SEC filings
• Full and limited-scope financial statement audits for DOL/ERISA filings
• Medical claims audits
• Third-party contract reviews and monitoring
• HIPPAA compliance reviews
• Trust statement reconciliations
• Agreed-upon procedures
• Internal process reviews and documentation
• Form 5500 preparation
• Summary Annual Report preparation

At MFR, we work with you to keep your benefit plans in compliance, so they continue to do what they were created to do – provide benefit to your employees.

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