Employee Benefit Plans

Employee benefit plan services represent a significant service line for our firm. We perform audits for more than 225 employee benefit plans each year, and we have a dedicated group of professionals who serve clients solely in this space.

As members of the AICPA Employee Benefit Plan Audit Quality Center (EBPAQC), we are well versed in audit requirements and governmental regulations, and we are committed to performing an effective and high-quality audit for each plan we serve. We also recognize the importance of your time, and by serving you with decades of experience and a team of knowledgeable professionals, your employee benefit plan audit experience with Blue will be fluent and efficient.

Regardless of the size, type, or filing requirements of the plan, we approach each audit with a focus on customer service and quality. Our firm size is large enough that it allows us a wide expanse of resources, yet small enough that we offer personal service and competitive fee quotes.

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Services Overview (2)

Debora Herbert, CPA
Senior Manager

Who We Serve

  • Defined contribution plans, including 401(k), 403(b) & ESOP plans
  • Defined benefit plans
  • Health & welfare plans
  • Multiemployer plans
  • Multiple-employer plans
  • Plans subject to 11-K filing requirements
  • Plans requiring full-scope audits or limited scope/103(a)(3)(C) audits

Employee Benefit Plan Services

  • Payroll compliance audits for multiemployer plans
  • Tax filings (including Forms 990-T, 5500, 8955-SSA, and 5330)
  • Preparation of application for IRS and DOL correction programs
  • Plan design, consulting, and compliance services through our affiliate, Blue Benefits Consulting, Inc.


Video Resources

Statement on Auditing Standards (SAS) No. 136

The new employee benefit plan (EBP) auditing standard addresses the auditor’s responsibility to form an opinion and report on the audit of financial statements of employee benefit plans subject to the Employee Retirement Income Security Act of 1974 (ERISA), and the form and content of the auditor’s report issued as a result of an audit of ERISA plan financial statements.

The SAS  contains a new report format for ERISA section 103(a)(3)(C) audits. Under the new standard, reports on audits of employee benefit plans will provide users with enhanced transparency about the nature of the audit of a plan as well as the responsibilities of both the plan and the plan’s auditors.  The SAS also includes new requirements for engagement acceptance, audit risk assessment and response, communications with those charged with governance, procedures for an ERISA section 103(a)(3)(C) audit and considerations relating to the Form 5500.

Helpful Links

The Importance of Incident Response Plans – Detection & Analysis

By: Tom Skoog, Cybersecurity & Data Management Practice Leader Last month, we introduced the concept and importance of Incident Response Plans as part of overall cybersecurity. As stated previously, The National Institute of Standards and Technology (NIST) has developed a framework all incident response plans should consider, including: Preparation Detection & Analysis Containment & Eradication […]

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Recommendations to Protect Against Potential Cyberattacks

By: Tom Skoog, Cybersecurity and Data Management Practice Leader As the conflict between Russia and Ukraine continues, the Biden Administration issued a statement mandating the federal government strengthen its cybersecurity positions and encouraged the private sector to take similar actions. This is in reaction to an expected significant increase in cyberattacks (ransomware, data thefts, etc.) […]

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The Rising Costs for Cyber Insurance and What You Need To Know

By: Tom Skoog, Cybersecurity and Data Management Practice Leader Over the last 12 months, many companies renewing their cyber insurance coverage received quotes with significantly increased rates and severely reduced coverage limits. Why? Let’s start with the history of why it was created in the first place. History of Cyber Insurance The cyber market started in the late 1990s when few companies thought […]

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