Employee Benefit Plans

Employee benefit plan services represent a significant service line for our firm. We perform audits for more than 230 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.

Subscribe to Benefit Briefs – our periodic EBP newsletter.

Questions? Contact Our Experts

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
  • Multiple-employer plans
  • Plans subject to 11-K filing requirements
  • Plans electing ERISA 103(a)(3)(C) scope
  • Plans requiring full scope audit procedures

Employee Benefit Plan Services

  • 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.

Articles & Resources

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

woman writing on a clipboard with a pen

Benefit Briefs: Changes Impacting Plan Audit Requirements

Recent changes by the U.S. Department of Labor to the Form 5500, Form 5500-SF, and related instructions will impact future audit requirements for employee benefit plans. Understanding the Plan Audit Requirements Historically, an employee benefit plan has been required to receive an annual audit by an Independent Qualified Public Accountant (IQPA) when filing its Form […]

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employee benefit plan paperwork

10 Ways to Ensure Success in a First-Year Employee Benefit Plan Audit

Although all benefit plan audits involve complexities, a first-year audit can seem especially daunting. With decades of experience serving employee benefit plans, Blue & Co. works as a team with our clients to make sure each audit experience is an efficient, yet effective, one! While the list below was put together with first-year audits in […]

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sas 136 | Will It Impact Your Employee Benefit Plans? | sticky note that says "Employee Benefits" and keyboard and pens

SAS No. 136 and Employee Benefit Plans: What is a Reportable Finding?

SAS No. 136 and Employee Benefit Plans: What is a Reportable Finding? Plan management and plan sponsor personnel have likely heard from their auditors about auditing standard changes impacting their ERISA (Employee Retirement Income Security Act of 1974) audits for the Plan year ending December 31, 2021. These changes primarily result from the implementation of […]

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