Recent studies have identified significant deficiencies both in retirement plan operations and in plan audits. Accordingly, the Department of Labor (DOL) has dramatically increased and revised its enforcement strategies, leaving costly penalties for plan sponsors behind in its examination path. As a result, it is extremely important to engage an audit firm with highly experienced, qualified professionals to perform a retirement plan audit.
Doeren Mayhew’s Employee Benefit Plan Group is led by professionals with a combined plan audit experience of more than 40 years. Furthermore, all of our auditors undergo extensive training to keep them abreast of the specific rules and regulations that govern retirement plan audits.
Over the years, Doeren Mayhew has built longstanding relationships with more than 50 nationally recognized third-party administrators and custodians. Leveraging these relationships and our experience with hundreds of employee benefit plans with aggregate investments each exceeding $100 million in assets, our team understands the complexities facing plan administrators today.
At Doeren Mayhew, you can expect not only an efficient and accurate audit, but also suggestions for improvements to help avoid or minimize the negative outcomes that an IRS or DOL audit might bring.
To validate our ongoing commitment to quality in employee benefit plan audits, Doeren Mayhew is a registered member of the AICPA’s Employee Benefit Plan Audit Quality Center.