Bridge CPA professionals specialize in the auditing of qualified employee benefit plans. Our owners have been audit partners at several national accounting firms and can provide the expert advice our clients need to operate and govern their retirement plans in accordance with the Employee Retirement Income Security Act (ERISA) and to meet all the requirements of the Department of Labor (DOL).
Why is a Benefit Plan Audit Important?
- Compliance – A benefit plan audit ensures compliance with the Department of Labor and all regulations and laws. This provides peace of mind to employers and assists with safeguarding plan fiduciaries from potential legal issues.
- Risk Mitigation – A benefit plan audit can assist in identifying and mitigating risks that are associated with benefit plans. This ranges from fiduciary responsibilities to plan design and administration.
- Financial Accuracy – A benefit plan audit provides confidence to both the employer and plan participants about the integrity of the plan’s financial operations.
- Employee Trust and Satisfaction – A benefit plan audit can contribute to a positive work environment when employees know their benefits are being carefully reviewed and managed.
- Improved Efficiency – A benefit plan audit can identify areas for improvements in plan administration that can lead to automation and potential cost savings.
How does Bridge CPA Help?
- Customized Solutions – Bridge CPA tailors our audit to the specific needs and challenges that a client may be facing and addresses any unique aspects of the benefit plan.
- Expertise and Experience – Bridge CPA professionals have worked on more than 100 different benefit plan audits during their careers. Everyone performing the audit has their CPA certification and has sufficient training and education to run a smooth and efficient audit.
- Transparent Communication – Bridge CPA communicates before, during, and after the audit, and you will be informed of any findings promptly. Any necessary adjustments will be clearly and concisely explained. We are always available if you have any questions.
- Cost-Effectiveness – Bridge CPA offers a market competitive fee, while providing the benefit of preventing costly mistakes, ensuring compliance, and optimizing benefit plan management.