Employee Benefit Plan Audit Services
GBACO are Members of the American Institute of Certified Public Accountants' (AICPA) Employee Benefit Plan Audit Quality Center (EBPAQC), which provides extensive research for any areas that may affect any given Plan audit.
GBACO has chosen to focus a significant amount of attention in this area, with 15+ years of experience performing 6+ benefit plan audits annually.
Since joining the program performing employee benefit plan audits;
Have Questions or Comments?
Get in touch with our Employee Benefit Plan Audit Team. ,
or call us at 412-885-5045.
We're here to help!
1. Does my employee benefit plan need an audit? The audit requirement for your ERISA plan is based on the number of plan participants at the beginning of a given plan year. Generally, if a benefit plan covers 100 or more participants as of the beginning of the plan year, the plan should be filing form 5500 as a “large plan.” Filing form 5500 requires an accompanying audit. There is an exception to the 100 plan participant requirement for an audit. The 80-120 Participant...Read more
In one of our previous posts, ERISA Plan Audits | Why Auditor Experience Matters, we covered how important it is for auditors performing retirement plan audits to have the appropriate experience. In our infographic below, we'll walk you through what it means for your ERISA auditor to be qualified. Furthermore, we'll help you understand the steps you can take to determine if they are qualified ERISA auditors. Note: when you hover your mouse over the infographic you'll...Read more
An Overview of The Employee Retirement Income Security Act (ERISA) of 1974 ERISA was enacted to solve abuses in the private pension and welfare benefit plan system. It's overseen by: The U.S. Department of Labor (DOL), The Internal Revenue Service (IRS), And the Pension Benefit Guaranty Corporation (PBGC). It includes provisions to: Protect plan participants and beneficiaries. Detect and deter abusive practices. To follow ERISA provisions, plan administrators should: Annually...Read more