Employee Benefit Plan Audits

A Distinguished Leader in Employee Benefit Plan Audits

Employee benefit plans are the foundation of our firm. For more than 60 years and three generations and counting, our partners have built a practice on serving employee benefit plans. We pride ourselves on knowing every aspect of this complex and dynamic industry.

Buchbinder is one of the top tier CPA firms in the nation providing audit and assurance services to 401(k), 403(b) plans, health and welfare plans, defined contribution plans and defined benefit plans. We audit plans ranging from just under $1 million in assets to
$7 billion in assets and plans ranging from just under 500 participants to 328,000 participants. We perform audits for 165 employee benefit plans in New York, Maryland, New Jersey, Virginia and Washington, D.C., as well as throughout the United States.

A significant portion of our firm’s partners and staff devote their time to this practice area. Our partners are highly trained to navigate the ever-changing requirements and regulations employee benefit plans face. We regularly attend specialized training sessions and conferences to stay abreast of the latest updates affecting this industry and our clients.

We are members of the American Institute of Certified Public Accountants Audit Quality Center for Employee Benefit Plans. This membership allows us exclusive access to resources solely for employee benefit plan audits. As a member firm, we must meet specific practice management requirements in training, quality control and self-monitoring. We are also members of the International Foundation of Employee Benefit Plans, and many of our partners have been members of the employee benefits committees of the New York State Society of Certified Public Accountants and the Maryland Association of Certified Public Accountants.

Our CPAs realize the incredible challenges posed by increased oversight by the United States Department of Labor and the Internal Revenue Service. Our team is constantly staying up to date with any regulatory changes that will affect you. We know the fiduciary responsibility you hold as sponsors. With a quality audit trustees have assurance that they are receiving reliable financial information and are complying with their fiduciary responsibilities.

At Buchbinder, 79 percent of the plans we serve are multi-employer, collectively bargained benefit plans. We provide the following comprehensive audit and assurance services to both multi-employer and single payer benefit plans:

Buchbinder has offices in New York, New Jersey and Maryland and serve employee benefit plans throughout the United States.

Defined contribution plans are now the leading type of employer-sponsored plans offered for retirement. At Buchbinder, we provide audit and assurance services for both single employer and multi-employer benefit plans.

At Buchbinder this is our specialty. Seventy-nine percent of our practice is spent serving collectively bargained multi-employer benefit plans.

Increased regulation and compliance challenges make these plans one of the more complex administratively. Our team at Buchbinder has a strong grasp on the issues to help keep the integrity of your plan in tact.

Our experienced auditors have the specialized training needed to provide quality audit and assurance services for 401(k) plans, efficiently and accurately.

Similar to 401(k) plans, 403(b) plans are employee benefit plans for non-profit and tax-exempt organizations. Does ERISA require your plan to have an audit? Our team monitors the changing Department of Labor regulations and is well informed of matters that may affect your organization.

Highly complex and with an regulatory environment that is continually changing, health and welfare plans require audit experts who know your industry.

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