Comply With DoL regulations
Employee Benefit Plan Audits
For newly created plans that have never filed a Form 5500, an audit is required if the plan has over 100 active participants in that initial year. For existing plans that have filed a Form 5500 short form, an audit is required once the number of participants with account balances exceeds 120 on the first day of the plan year. The audit professionals at Whitlock will ensure compliance with this Department of Labor regulation.
Meet Your Annual EBPA Filing Requirements
AICPA EBP Audit Quality Center
Whitlock is committed to excellence as a member of this quality enhancement organization.
Auditor’s Report
Annual filings for employee benefit plans require audited financial statements in some cases. The audit is an independent verification of the financial records and reports associated with the plan which focuses on compliance with DoL and IRS regulations. The qualified auditors at Whitlock can provide this service in addition to providing recommendations to improve plan compliance and processes.
Why Whitlock?
At Whitlock, our distinction lies in our deep understanding of regulatory requirements and our commitment to helping clients comprehend and apply them effectively. We strive to ensure that employees maximize their plans' benefits by offering timely reporting and unparalleled open communication.
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An employee benefit plan audit from trusted experts can give you assurance that your fiduciary responsibilities are adequate. Request a consultation with our team.