At BFBA, we are committed to achieving the highest quality audit possible. We understand the complexity of performing employee benefit plan audits and that’s why we have a dedicated team of auditors that possess the specialized knowledge and experience to help ensure compliance with the appropriate standards and changes in regulations that may impact your company’s employee benefit plan audit.
BFBA has performed employee benefit plan audits for over 30 years and currently audit the plans of over 70 companies. We plan and execute our audits in a way that maximizes audit efficiency and quality, while offering your plan administrator and human resources personnel confidence in their plan reporting and management.
Our Quality Commitment
As a member of the American Institute of CPAs Employee Benefit Plan Audit Quality Center, we are committed to adhering to the highest quality standards by voluntarily agreeing to the Center membership requirements, which include designating a partner responsible for our employee benefit plan audit practice, establishing quality control programs, performing annual internal inspection procedures, and making our peer review report findings publicly available.
At BFBA, our goal is to continue to enhance our quality initiatives within our employee benefit plan audit practice to deliver the highest quality audit services possible.
Employee Benefit Plan Audit Services
We offer both full-scope and limited-scope audits for all types of employee benefit plans subject to ERISA, including:
- Defined benefit
- Employee stock ownership
- Health and welfare
At BFBA, we know the employee benefit plan can be complex. Your plans’ operations are carried out by many internal departments and third-party service providers, yet overall fiduciary responsibility lies with plan officers who aren’t necessarily involved in the plans’ daily operations. All of this can be overwhelming, but with BFBA, we go above and beyond the audit by offering some of the following services:
- Resolution of complex compliance issues discovered during the audit
- Assistance with prohibited transaction issues
- Assistance with IRS and DOL audits
Our team of employee benefit plan auditor specialists stays current in this highly technical practice area by attending various continuing education programs and through involvement in national retirement plan organizations.