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Specialized Employee Benefit Plan Audit Team

At Wegner CPAs, we understand that performing employee benefit plan audits requires a specialized team of professionals, not audit generalists. Our employee benefit-plan audit group is both extensive and diversified with more than 50 years of combined audit experience. Our philosophy of assigning experienced professionals to each of our engagements ensures that clients receive full benefit from our ability to provide quality audits efficiently.

When is an audit needed

Generally, federal law requires employee benefit plans with 100 or more participants as defined by ERISA to have audited financial statements attached to their Form 5500 filings. Smaller plans may also need to an audit if they do not meet certain conditions exempting them from the audit requirement.

Why choose Wegner CPAs

Wegner is a member of the American Institute of Certified Public Accountants (AICPA) Employee Benefit Plan Audit Quality Center (EBPAQC), a firm-based voluntary membership center for firms that audit employee benefit plans. The EBPAQC provides members with timely communication of regulatory developments, best practices guidance, and technical updates.

In addition, our team members receive over 20 hours in continuing education annually, focused only on employee benefit plan audits led by nationally recognized experts. Our approach to the auditing concept is to obtain an in-depth understanding of your plan and how it affects your employees. Your audit is tailored to your needs and goals and will include compliance testing to ensure that you are meeting the many requirements of ERISA, IRS and DOL regulations. This approach results in a close working-relationship with you, while we still retain the objectivity, independence and continuity expected from an independent Certified Public Accounting firm.

We can assist you in your employee benefit plan audit needs

  • Auditing and assurance services
  • Preparation of required IRS and DOL filings
  • Representation in dealing with the IRS/DOL
  • Design/Implementation of internal controls
  • Plan compliance issues and resulting corrections