In the highly regulated environment of employee benefits, you, as a plan sponsor, must have confidence in your employee benefit plan audit—and auditors. Incomplete or inaccurate audit reports of financial condition or operations can result in plan disqualification or significant penalties for the plan sponsors and plan fiduciaries.
Sikich devotes substantial resources to its employee benefits practice, which offers clear advantages to plan sponsors:
- Assurance of quality,
- Efficient audit process,
- Potential fee savings and
- Constructive management letter comments.
Our professionals are credentialed, highly trained and experienced in employee benefit audits, administration and consulting services—working with more than 250 plans.
Our expertise results in an efficient audit approach that reduces the time we need from your personnel—allowing them more time for their regular duties. This approach allows us to charge lower audit fees than many of the larger, national firms.
As part of your employee benefit plan audit, you will receive a management letter that identifies potential issues and offers solutions to adjust your business practices before those issues lead to disqualification or penalties. You will also find a section for current trends in employee benefits and customized planning opportunities that will help you maintain a competitive advantage, as well as reach your plan goals.
We understand that our clients have varied responsibilities and keeping current with the ever-changing rules surrounding employment and benefits law can be extremely challenging. As a value-added service, Sikich provides complimentary training on a variety of relevant HR and benefits topics. Upcoming topics can be found at www.sikich.com/events.
Plan sponsors can rely on Sikich to provide them accurate, complete, timely, professional and cost-effective services that will meet their specific objectives, now and in the future.
Sikich is a member of the AICPA Employee Benefit Plan Audit Quality Center (EBPAQC). We adhere to the strict requirements of membership which assure we meet the highest standards of audit quality. In addition, Sikich is registered with the Public Company Accounting Oversight Board (PCAOB).