Employee Benefit Plans

Buchbinder Tunick is nationally recognized as one of the few accounting firms experienced in Taft-Hartley Employee Benefit Plans. We have helped single, multiple employer, and multiemployer collectively bargained plans comply with the stringent requirements of ERISA since it became law in 1974. We advise benefit plan trustees and administrators in the proper execution of their fiduciary responsibilities.

Our audits address the reporting requirements of government entities such as the U.S. Department of Labor, the Internal Revenue Service and The Pension Benefit Guaranty Corporation. We make it our job to know when rules change and to keep our clients aware and in compliance.

We are experts in issues affecting multiemployer and single employer benefit plans, including the following.

For Multiemployers:

• Medical Plans
• Pension Plans
• 401(k) Plans
• Vacation Plans
• Education and Training Plans
• Labor Management Cooperation Trusts

For Single Employers:

• Pension Plans
• Profit Sharing
• 401(k) Plans
• 403(b) Plans
• Welfare Plans
• Employee Stock Ownership Plans (ESOPS)

Our services:

• Audit
• Review
• Compilation
• Limited Scope Audits
• Payroll Compliance Engagements
• Agreed-upon Procedures Engagements
• Compliance Services
  • Preparation of Form 5500 "Annual Report/Return of Employee Benefit Plan"
  • Preparation of Form 990 "Return of Organization Exempt from Income Tax"
  • Preparation of Form PBGC-1 Annual Premium Payment to
  • Pension Benefit Guaranty Corporation
  • Preparation of Summary Annual Report to Participants
  • Computation of Fidelity Bond Requirements
• Consulting Services
  • Claims and Benefit Payment Reviews
  • Internal Control Reviews and Evaluations
  • Cost Allocation Studies for Shared Expenses
  • Participant Account Record Keeping Reviews
  • Operational and Systems Reviews
  • Forensic Accounting Services
  • Expert Witness Services
  • Litigation Support Services

Case Study:
When Retired Participants Benefit More Than They Should

Recently Published Articles: Quality Audits Are Your Fiduciary Responsibility

Improve Your 401(k) Plan Audit:
Learn more. Watch the video.