We have developed a specialized employee benefit practice.

At Bollus Lynch, LLP, we have developed a specialized employee benefit practice by working closely with businesses from various sectors developing, devising, and executing strategies to provide defined benefit and defined contribution pension plans to their employees. Employee benefit plan audits can be complex, particularly 401(K) audits. This complexity demands the level of expertise and insight that defines Bollus Lynch, LLP and our 401(K) audit specialists. We are one of the few firms with a dedicated practice area specialty in employee benefit plan (EBP) audits and Employee Retirement Income Security Act (ERISA) compliance. We perform over 30 employee benefit plan audits for clients annually, all of whom benefit from our vast experience in dealing with the Department of Labor and the IRS.

Employee benefit plans must follow a unique, complex, and ever-changing landscape of requirements. As the U.S. Department of Labor increases scrutiny of employee benefits plans, our audit specialists are ready to provide you with unparalleled experience and expertise. We understand the qualification requirements and are aware of prohibited transactions, deemed distributions, and reporting failures.

Our experience includes:

Defined Benefit Plans

Defined Contribution Plans

Health and Welfare Benefit Plans

403(b) Plans

Employee Stock Ownership Plans (ESOP)

Form 5500 Preparation

Our employee benefit plan audit specialists have established excellent working relationships with third-party administrators (TPAs) and trustees allowing us to leverage their unique relationship with the firms they work with to conduct the most efficient audit possible and to quickly recognize deficient areas. We are members of the AICPA Employee Benefit Plan Audit Quality Center (EBPAQC) and strong supporters of its mission to ensure the quality and integrity of employee benefit plan audits. Our membership assures you of our commitment to meeting and exceeding the highest standards of our profession.

Key Employee Benefit Plan Audit Services

Audit Services

Evaluating Internal Control

Financial Statement Disclosures

Preparing the Auditor’s Report

Special Audit Considerations

ERISA and SEC Requirements

Supplementary Schedules