ERISA Audits

You set up your 401(K) plan – we can help get it right and keep it right!

An ERISA “audit” is actually a big compliance test. The employee retirement plan audit helps to ensure that you, in your fiduciary duty as sponsor of the retirement plan, live up to the commitment you made to your employees in the plan. You created the retirement plan as a benefit to your employees, now be sure you stay compliant, with the help of Wegmann Dazet.

Auditing retirement plans is a complex process requiring knowledgeable professionals. When rules and regulations change from the Internal Revenue Service and Department of Labor, it is essential that business owners have the right audit provider for their retirement plans.

Is the compensation correct? How do deferred bonuses apply?  Do you follow your plan’s definitions?

In many initial audits and some repeats, we find issues of noncompliance with 401(k)s and other retirement plans. And that’s a problem because the Department of Labor, the overseer of ERISA plans, has the power to levy serious fines on sponsors who do not perform their fiduciary duty as required.

After performing hundreds of plan audits, and through annual ERISA-specific continuing education, our professionals are prepared to help you get it right and to keep it right. We get our clients’ retirement plans back on track through the audit and throughout the year when questions arise.

And to top it off, we can offer suggestions to help improve the internal controls of a plan, We can help create policies and procedures designed to help you detect and prevent errors.

What we offer:

  • Fiduciary compliance tests
  • Plan definition reviews
  • Compliance for defined contribution, defined benefits, 401(k) plans
  • Seasoned, knowledgeable ERISA professionals undergoing ERISA-specific continuing education
  • Internal Controls assistance

Choose the right audit provider for your retirement plan. Learn what plan sponsors have discovered about the difference in Wegmann Dazet.  Let us know how we can help.