Employee Benefit Plan Audits

Bowman Knows Benefits

At Bowman & Company LLP, we service and audit employee benefit plans to provide value adds well beyond traditional compliance services. We work with administrators and plan sponsors to help ensure that they are kept up-to-date on changes in the regulatory environment and are able to effectively manage their plan. Through collaboration with various service providers, third-party administrators, custodians, actuaries, plan sponsors, and trustees, our representatives will guide you through the audit process. This process ensures management gains valuable knowledge and input as a result of the audit.

Ensuring the Strength, Structure and Compliance of Your Plan

An independent employee benefit plan audit can mitigate the risk to participants and firm assets, and maintain the financial integrity of your plan. Routine audits also aid in determining whether the necessary funds will be available to pay retirement, health, and other benefits to plan participants. Our team of experienced auditors will assess your plan’s financial statements to plan an efficient audit. In addition verifying plan validity and structure, our employee benefit plan audits allow organizations to fulfill their legal responsibilities and avoid administrator penalties. Federal law generally requires employee benefit plans with 100 or more eligible participants to have an audit as part of their obligation to file an annual return/report (Form 5500 series). In addition to preparing IRS Form 5500, Bowman’s audit specialists can facilitate summary annual reports and consult on employee benefit plans.

Gaining More than an Auditor

Our professionals regularly interact with officials from the Internal Revenue Service, the Department of Labor, members of the Joint Committee on Taxation, and leading experts from federal, state, and local government to keep our finger on the pulse of changing regulations within employee benefit plans. Bowman & Company LLP is also a member of the American Institute of Certified Public Accountants’ Employee Benefit Plan Audit Quality Center. We continually maintain these engagements in order to fulfill our commitment to providing reliable auditing services to our clients. As one of the largest accounting firms in the Delaware Valley, and the largest in Southern New Jersey, we have over 100 dedicated professionals and are the area’s most recognized name in Governmental, Commercial, and Not-for-Profit Accounting.

Audits for Employee Benefit Plans

  • 401(k)
  • 403(b)
  • Defined Benefit
  • Employee Stock Ownership (ESOP)
  • Money Purchase
  • Profit Sharing

We invite you to CONTACT US if you would like additional information or to discuss your particular business needs.