Employee Benefit Plan Audits

Bober, Markey, Fedorovich & Company has a dedicated area of our practice to serve the audit requirements under ERISA for employee benefit plans. We audit and prepare the appropriate tax filing and summary plan descriptions for over 100 different benefit plans.

Our audit team is led by Jim Merklin, who has over 20 years of experience in conducting plan audits and serves as the National Chairman for the PKF North American Network Employee Benefit Plans Task Force. Our team keeps current in this highly technical field by attending the annual AICPA National Conference on Employee Benefit Plans and other relevant seminars and by reviewing monthly publications from the International Foundation for Employee Benefit Plans. Our firm also established a discussion forum with other member firms of PKF International North American Network, whereby members share best practices on plan audits nationwide in order to enhance quality and efficiency. As a charter member of the AICPA's Employee Benefit Plan Audit Quality Center, we can offer assurance of our commitment to providing high quality audit services.

In addition, Jim Merklin's status as a Certified Fraud Examiner (CFE) enhances our team's ability to perform the procedures necessary under Statement of Auditing Standards No. 99, Consideration of Fraud in a Financial Statement Audit.

Specialized Services

• Audits of all types of employee benefit plans including defined contribution, defined benefit and health and welfare plans (for both single-employer and multiple-employer plans), including a significant number of  plans for Fortune 500 companies
• Consulting services related to employee benefit plans
• Outsourcing services for preparation of Plan financial statements and Forms 5500 / 990
• Review of internal control systems
• Compliance/discrimination testing
• Mock IRS/DOL Audits
• SAS 70 audit engagements
• Client representation in regulatory examinations

Staff Expertise

James E. Merklin, CPA, CFE, M.Acc.

Strategic Alliances

PKF North American Network

Client Advisor

• November 2005 - Audit Quality Enforcement Initiative by the Department of Labor
   
• April 2004 - Employee Benefit Plans—Focus on Audit Quality

Further Reading

Employee Benefit Plan Audits brochure (508K PDF file)

Monitoring of Out-Sourced Plan Record Keeping

This Web Site is designed to present accurate and authoritative general information on a broad range of tax and accounting issues. For personalized advice on matters effecting your rights under the law and/or the drafting of legal documents, you should consult a licensed attorney.

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