Employee benefit plan audits are subject to certain regulations and are mandated by the Employee Retirement Income Security Act of 1974 (ERISA), the Internal Revenue Service (IRS) and U.S. Department of Labor (DOL). As the plan's administrator it is ultimately your responsibility for adhering to these requirements.
An inadequate or untimely audit report may result in penalties being assessed against the plan's administrator or the revocation of the tax exempt status of the plan making your selection of auditor a significant commitment.
At Dufek & Company, we participate in continuing educational programs on an ongoing basis to guarantee we stay current on all ERISA regulations impacting your plan. We have devoted significant energy toward tailoring our audit approach to navigate the increasing complex IRS and DOL hot button areas while still providing an efficient service.
Our services include: