See More: Audit and Assurance

Employee Benefit Plan Audits

While employee benefit plans can provide a sense of security for workers, administrators of such plans are often faced with an array of regulations and compliance concerns that require expert knowledge.

A high-quality audit conducted by an experienced financial professional is often the right way to ensure your plan is structured to avoid penalties or the attention of the IRS or the Department of Labor. Gelman, Rosenberg & Freedman understands the complexity of performing such audits and provides nonprofit organizations and businesses with the benefits of its specialized knowledge. Our professionals offer full- and limited-scale audits for a variety of plans including pension, health and welfare, 401(k), 401(a), and 403(b) plans.

Additionally, we consult with clients to help them navigate the complex issues regarding employee benefit plans and assist in the preparation of IRS Form 5500, the annual return/report of employee benefit plan and summary reports.

It takes a significant (and ongoing) investment of time for administrators to educate themselves on compliance issues related to the ever-changing rules that impact retirement and employee benefit plans. We help clients protect the financial integrity of their benefit plans to ensure that funds necessary to pay retirement, health and other promised benefits remain available in the long term.

We provide peace of mind by remaining current in our knowledge of this highly technical practice area through education and membership in the AICPA Employee Benefit Plan Audit Quality Center. which was established to promote quality employee benefit plan audits. Finally, we work with several plan administrators, attorneys and investment advisors who specialize in employee benefit plans to ensure you have the opportunity to benefit (if you so choose) from a broad range of services.

For the past five years we have had the good fortune of working with Bob Albrecht and Andreas Alexandrou of Gelman, Rosenberg & Freedman.

James Russo |  Chief Financial Officer
Global Communities