Employee Benefit Plans
For more than 40 years, Berdon has worked with a significant number of companies—with 100 or more employees—and labor unions, to conduct audits of their employee benefit plans, and ensure compliance with regulatory scrutiny under the Employee Retirement Income Security Act, Department of Labor, Health Insurance Portability and Accountability Act, and the Social Security Administration.
Berdon’s Employee Benefit Plan (EBP) Practice has extensive experience in auditing various types of employee benefit plans, including defined benefit and defined contribution, self-insured, retirement, 401(k), and health and welfare. Additionally, our team introduces innovative methodologies to clients for government regulations compliance, and helps identify opportunities to improve reporting efficiency.
Furthermore, the Firm’s service-focused approach reduces the disruption to an organization’s plan operations. Our EBP professionals also assist plan trustees in their fiduciary responsibilities, with a focus on providing valuable planning information and serving as advisors on financial issues.
Berdon is a member of the International Foundation of Employee Benefit Plans (IFEBP) and the American Institute of Certified Public Accountants Employee Benefit Plan Audit Quality Center (EBPAQC). As a member of IFEBP and the EBPAQC, Berdon professionals have contributed to the development of accounting rules for employee benefit funds.
For all these reasons, assurance and accounting services provided by Berdon should never be viewed as commodity services. We deliver a meaningful report and management letter that help organizations move forward and give confidence to boards of directors as well as lenders.