Payroll Audits

Keep Employers Accountable with Payroll Audit Services

The Employee Retirement Income Security Act of 1974 (ERISA) requires plan trustees to collect all contributions which are due to the employee benefit plan. Our job is to verify whether the contributions received by the plan are complete and accurate.

We conduct payroll audit services for multi-employer benefit plans across a variety of industries to ensure that employers are contributing properly under the terms of their collective bargaining agreements. We serve clients located in New York, New Jersey, Maryland, Virginia, Washington, D.C., and throughout the United States.

Benefits of Payroll Audits and Compliance Programs

At Buchbinder, our payroll audit program and procedures can be adjusted as necessary to meet each client’s needs. We customize our procedures based on a thorough understanding of each plan’s requirements.

Payroll compliance programs assist plan trustees in the following ways:

  • By determining whether the plan is receiving the proper amount of employer contributions
  •  By verifying that the plan has accurate and complete participant records
  •  By providing employees with notice that contribution payments are being carefully monitored

Making the Gray Areas Transparent

Oftentimes, employer contributions are not black and white. We ensure that employers remit the appropriate amount of contributions for the employees they are reporting. We also evaluate whether there are other employees on the company’s payroll that the employer failed to include in their contributions. While this service must be performed to ensure compliance, conducting payroll audits can mean the difference of thousands of dollars.

Who We Work With

We work with employee benefit plans in various industries such as:

  • Health care
  • Education
  • Maritime
  • Construction
  • Trucking
  • Warehousing
  • Manufacturing
  • Transportation

We know first hand how valuable this service is to our clients. Our firm is built on a commitment to ethics and integrity.

All of our audit partners have a solid understanding of ERISA and other laws and regulations governing the operations of Taft-Hartley benefit plans which dictate the trustees’ fiduciary responsibilities in administering these plans. Our experienced professionals work side by side with the fund’s legal team, plan administrator and staff to assist the trustees in protecting the benefits of the plan participants.