Employee Benefit Plan Audits

Navigating Fiduciary Responsibility with Confidence

Selecting a qualified auditor is one of your most critical fiduciary responsibilities. Ensuring your employees’ retirement funds are secure underlies your desire to take care of your team, and you need an advisor who understands the weight of that commitment. With increasing scrutiny from the Department of Labor (DOL) and the Internal Revenue Service (IRS), the complexity of maintaining plan compliance has never been higher.

We provide the proactive oversight your plan requires. You shouldn’t have to worry about unidentified operational errors or regulatory penalties. We believe that an effective audit should identify potential pitfalls before they become critical. At Calvetti Ferguson, we invest the time to get to know your plan’s operations firsthand—attending committee meetings and providing a consultative approach that keeps your plan healthy and your fiduciaries protected.

Institutional-Grade Expertise for Plans of All Sizes

We have advised both public and private companies across the entire spectrum of plan complexity. Whether you are managing a startup plan or a highly technical legacy fund, we have the experience to ensure you stay compliant.

• Broad Experience: We have supported organizations with 100 to 30,000 participants and plan assets ranging from $1 million to $1 billion.

• Top-Tier Quality: As members of the AICPA Employee Benefit Plan Audit Quality Center, we are proud to be in the top 4% of firms that audit employee benefit plans in the United States.

• Dedicated Leadership: Your audit is led by a dedicated Employee Benefit Plan Practice Leader who understands the nuances of ERISA and DOL regulations.

Comprehensive EBP Audit & Consulting Services

Our team handles over 100 benefit plan audits annually, providing specialized support for a wide variety of plan types and regulatory challenges.

Core Plan Audits

• • • 401(k) and 403(b) Plans: Ensuring accurate participant data and contribution testing.

    • Defined Benefit Pension Plans: Navigating the technical reporting requirements of traditional pension structures.

    • Employee Stock Ownership Plans (ESOPs): Managing the unique valuation and compliance complexities of employee-owned companies.

    • Profit Sharing Plans: Verifying allocation formulas and compliance with plan documents.

Specialized Compliance & Transaction Support

• • • Plan Mergers, Acquisitions & Spin-offs: Providing due diligence and transition support during corporate restructuring.

    • Full or Partial Plan Terminations: Guiding you through the rigorous requirements of closing or transitioning a plan.

    • SEC 11-K Filings: Meeting the specific reporting needs for employee stock purchase plans in public companies.

Regulatory & Correction Assistance

• • • DOL & IRS Investigation Assistance: Acting as your advocate and technical guide during government inquiries.

    • IRS Voluntary Correction Program (VCP): Identifying and correcting plan errors proactively to avoid significant penalties.

    • Internal Control Improvements: Streamlining your plan administration to reduce the risk of future operational errors.

Ready to Strengthen Your Plan’s Compliance?

Don’t wait for a regulatory inquiry to discover a plan error. Let’s build a proactive audit strategy that protects your fiduciaries and your employees’ future—partner with a firm that is recognized in the top 4% of EBP auditors nationwide.

Contact Our Team