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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. Coupled with the operational and regulatory requirements mandated by the Employee Retirement Income Security Act (ERISA), the Department of Labor (DOL) and the IRS, we truly understand the responsibilities an employer has as an employee benefit plan sponsor or administrator to ensure full compliance. As a trusted partner, Topel Forman provides the necessary guidance to help navigate these responsibilities.
DOL regulations require annual audits for employee benefit plans with more than 100 participants. Topel Forman has a vast number of years of experience performing high-quality audits for all types of plans. Our professionals collectively spend many hours per year in continuing professional education related to employee benefit plans. With this deep proficiency across all benefit plan structures, we provide experience to understand every nuance of your benefit plan, provide proactive advice and deliver a high quality audit.
We offer full or limited-scope audit services for:
- Defined contribution plans – 401(k), 403(a), 403(b), profit sharing plans and ESOPs
- Defined benefit plans – pension plans and cash balance plans
- Health and welfare plans
- Single and multi-employer plans
Our business is built on personal relationships. We take the time and effort to educate you about your fiduciary responsibilities while making sure your plan is operating efficiently in compliance with ERISA and DOL requirements. More than auditing your plan to ensure it has been in compliance over the past year, we offer proactive consultation to enhance your current plan and make you aware of newly enacted or proposed compliance requirements.
Topel Forman is a member of the American Institute of CPAs Employee Benefit Plan Audit Quality Center (EBPAQC).