Employee Benefit Plans
Lutz & Company Employee Benefit Plans
Lutz & Company has a dedicated area of our practice to service the needs of employee benefit plans. Our Employee Benefit Plan Consulting and Compliance team performs audits of plan financial statements, tax preparation and review and provides consulting services.
Our team currently provides audit services for approximately 80 employee benefit plans with plan assets up to $660,000,000. We also provide compliance and consulting services for an additional 80 employee benefit plans. We understand the complexity of performing employee benefit plan audits, therefore, we plan and execute our approach in a way that maximizes efficiency for the highest quality audit possible. Our team will also provide your plan administrator and human resources personnel with confidence in plan reporting and management. REQUEST A QUOTE
Quality Commitment
Our dedicated team possesses specialized knowledge and experience to help ensure compliance with the appropriate standards and changes in regulations that may impact your company’s employee benefit plan. We stay current in this highly technical practice area by attending extensive continuing education programs including the annual American Institute of Certified Public Accountants (AICPA) National Conference on Employee Benefit Plans. We also review monthly publications from various sources and participate in frequent webcasts and conference calls on emerging technical plan issues as part of our membership in the Leading Edge Alliance and the AICPA’s Employee Benefit Plan Audit Quality Center.
As a member of these organizations, we are committed to adhering to the highest quality standards by voluntarily agreeing to the membership requirements. The requirements include designating a practice leader who is responsible for our employee benefit plan audit practice, establishing quality control programs, performing annual internal inspection procedures and making our peer review report findings publicly available.
At Lutz & Company our goal is to continue to enhance our quality initiatives in the employee benefit plan practice to deliver the highest quality audit services possible.
Staff Expertise
Additionally, Lutz & Company’s Employee Benefit Plan Consulting and Compliance team includes a number of additional partners and managers and a significant team of staff auditors. With over 110 employees in the firm, we have the resources available to successfully add any size of engagement to our existing employee benefit plan practice.
Employee Benefit Plan Audit Specialization
- Defined Contribution Plans including 401(k) and 403(b)
- Defined Benefit Plans
- Employee Stock Ownership Plans
- Health and Welfare Plans
Employee Benefit Plan Services
- Review and analysis of compliance/discrimination testing and plan design consultation
- IRS Form 5500 and summary annual report reviews, preparation and consulting
- DOL/IRS Audit Assistance
- Employee benefit plan analysis and other forms of equity-based compensation
- Delinquent filer voluntary compliance program guidance
- Legislative and regulatory changes consultation
IRS Issues New Comprehensive 403(b) Regulations
- 403(b) Filing and Audit Requirements
The American Institute of Certified Public Accounting (AICPA) Employee Benefit Plan Audit Quality Center has prepared this analysis for Form 5500 reporting and audit requirements for 403(b) retirement plans to help understand the U.S. Department of Labor's Notice of Adoption of Revisions to Annual Return/Report forms issued on November 16, 2007. Click here to view filling and audit requirements.
- 403(b) Questions to Expect from Your Plan Auditor
The AICPA Employee Benefit Plan Audit Quality Center has developed this tool to provide examples of the types of questions that plan management may be asked by the plan's independent auditor. Click here to view the Q&A.
- 403(b) Getting Started: Meeting the New Form 5500 Reporting and Audit Requirements
The AICPA Employee Benefit Plan Audit Quality Center has suggested steps plan sponsors and administrators can take now to help their plan meet the new filling and audit requirement. Click here to view suggest steps.
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