BPM
Search

Contact

Jenise Gaskin, CPA
Advisory Group Co-leader
Pension Industry Group Leader

Overview

Audits of benefit plans are required in order to protect the employees who are covered by them. With the passage of the Employee Retirement Income Security Act of 1974 (ERISA), plan administrators are held responsible for ensuring the accuracy of their plans' financial statements. Today, benefit plans must comply with ERISA reporting requirements, the Department of Labor (DOL) rules, and other regulations.

Audits of employee benefits plans are unlike other audits; they are subject to very specific rules that require specialized knowledge to execute. BPM's Employee Benefits team consists of professionals with extensive knowledge of ERISA guidelines and deep expertise performing employee benefit plan audits. With over 20 years of experience, we've worked with plan sponsors and other fiduciaries to ensure their plans are fully compliant with ERISA reporting requirements, the Department of Labor requirements, IRS requirements, and other regulations. We make every effort to reassign our staff to the same jobs each year in order to preserve relationships, establish continuity, and provide a seamless audit experience.

We perform audits on the following types of benefits plans: Profit Sharing, 401K, 401A, 403B Defined benefit pension, cash balance, and money purchase.

Filing and Assistance with the DOL & IRS

Our Employee Benefits team also works with clients to prepare the form 5500 to file with the Department of Labor (DOL) and form 5330 to file with the Internal Revenue Service (IRS). If needed, we can assist you in preparing form 5558 - which extends the time required to submit form 5500 or 5330.

In addition, our Employee Benefits team can assist you with information requests from the DOL or IRS along with notifications indicating you must have your employee benefits plan examined.

Employee Benefit Plan Advisory

Beyond the audit, our team advises plan administrators in many areas, such as building a strong team of service providers to administer their plans and improving efficiencies and strengthening adherence to plan provisions and ERISA guidelines. Our advisory team also assists with preparing for an audit and self correction programs.

News & Events

People

Michelle Ausburn, CPA
Partner, Assurance
Craft Beverage Industry Group Leader
Brian Finnegan, CPA
Partner, Assurance
Assurance Practice Group Leader
Financial Services Industry Group Leader
Jenise Gaskin, CPA
Advisory Group Co-leader
Pension Industry Group Leader
Brad Holsworth, CPA
Partner, Assurance
Managing Partner, Walnut Creek
Nick Steiner, CPA
Partner, Assurance
Technology Industry Group Leader

Contact

Jenise Gaskin, CPA
Advisory Group Co-leader
Pension Industry Group Leader