Industries We Serve
Employee Benefit Plan Audits
Employee Benefit Plan Audit Services You Can Trust
Every retirement plan is unique, and every plan sponsor carries important fiduciary and regulatory responsibilities including employee plan benefit audits. Navigating the complex requirements of ERISA, the Department of Labor (DOL), and the IRS requires specialized experience and a proactive audit partner.
Topel Forman provides high-quality employee benefit plan audits and compliance guidance designed to help plan sponsors protect participants, maintain regulatory compliance, and operate with confidence.
When an Employee Benefit Plan Audit Is Required
DOL regulations generally require an annual employee benefit plan audit when a plan reaches more than 100 participants with balances.
Understanding when your plan must be audited — and ensuring the audit is performed correctly — is critical to avoiding penalties, delays in Form 5500 filings, and potential fiduciary exposure.
Our team helps plan sponsors:
- Determine whether an audit is required
- Prepare for the audit process
- Maintain ongoing ERISA compliance
- Respond to regulatory or auditor inquiries
Comprehensive Audit Services for All Plan Types
Topel Forman performs full-scope and limited scope audits across a wide range of employee benefit plans including:
Defined Contribution Plans
401(k), 403(b), and profit-sharing plans,
Defined Benefit Plans
Traditional pension and cash balance plans
Single-Employer and Multi-Employer Plans
Experienced support across complex plan structures
Agreed upon procedures dealing with payroll compliance audits
Experience in ERISA and Benefit Plan Compliance
Our professionals dedicate significant time each year to continuing education focused exclusively on employee benefit plans allowing us to stay current with evolving regulations, audit standards, and industry best practices.
The depth of specialization enables us to:
- Identify compliance risks early
- Provide practical recommendations to strengthen plan operations
- Deliver efficient, high-quality audits with minimal disruption
- Support accurate and timely Form 5500 reporting
Guidance Beyond the Annual Audit
At Topel Forman, our role extends beyond completing an audit. We serve as a trusted advisor to plan sponsors, offering proactive insight to help strengthen governance, improve processes, and stay ahead of regulatory change.
We work closely with you to:
- Clarify fiduciary responsibilities
- Improve internal controls and documentation
- Address newly enacted or proposed compliance requirements
- Enhance overall plan administration efficiency
Why Plan Sponsors Choose Us
Plan sponsors rely on Topel Forman for:
- Specialized employee benefit plan audit expertise
- Responsive, relationship-driven service
- Clear communication throughout the audit process
- Practical compliance guidance — not just audit reports
Topel Forman is proud to be a member of the AICPA Employee Benefit Plan Audit Quality Center (EBPAQC), reflecting our commitment to the highest standards of quality and professionalism.
Talk To An Advisor
Jason Glickley
John Rozek
Dan Sloan
Industries We Serve
Brokers/Dealers
Every broker-dealer faces a unique set of challenges, including revenue recognition, fair value measurement, SEC and FINRA filing requirements, regulatory compliance and more.
CLOSELY-HELD BUSINESSES
Closely held businesses and their owners benefit from Topel Forman’s extensive tax and accounting experience tailored to the needs of a wide range of industries, entity types, and business structures.
Construction Accounting
Topel Forman understands the specialized accounting, tax, and consulting issues affecting the construction industry.
Dealerships
Topel Forman has years of experience in serving the unique need of automobile dealerships.
Employee Benefit Plans
Every company is different. Every retirement plan is unique. Every employee depends on the plan’s trustees to protect the integrity of their contributions and retirement investments.
High Net Worth Individuals
Topel Forman is a trusted name in high–net-worth tax planning, with extensive experience and a well-earned reputation for integrity, professionalism, and responsiveness.
Investment Companies
Investment companies face close scrutiny from the IRS, regulators and clients. Topel Forman offers a personalized approach working seamlessly with fund managers and accountants.
Manufacturing & Distribution
Topel Forman provides a wide range of accounting and audit, tax and consulting services to companies in the manufacturing and distribution industries.
Not-For-Profit Organizations
Not-for-profit organizations and private foundations face cumbersome tax compliance and auditing reporting requirements.
Private Equity
Topel Forman offers private equity accounting, tax and consulting services with a focus on understanding the unique challenges your business faces in order to deliver personalized results.
Professional Service Corporations
Professional services corporations (PSC) benefit from our hands-on approach to accounting, tax, and consulting services.
Real Estate
Topel Forman provides experience for real estate accounting and tax compliance that few firms can match, while offering the personalized attention and close teamwork we are best known for.
Technology
As an accounting firm with many clients in the technology industry, we provide agile services to support you from start-up to a successful exit strategy.