Employee Benefit Plans

BFBA provides financial statement audit and consulting serves for many of our clients’ employee benefit plans. Our audit personnel are knowledgeable in the Employee Retirement Income Security Act of 1974 (“ERISA”) and U.S. Department of Labor (“DOL”) requirements and are continually trained in the latest employee benefit plan industry developments.BFBA’s approach includes strategic review and recommendations relative to the client’s specific objectives, as well as risks that are unique to employee benefit plans, including:

  • Adherence to fiduciary responsibilities
  • Non-exempt party-in-interest transactions
  • Transfer of assets from one trustee to another
  • ERISA compliance testing
  • DOL and IRS reporting