39%. That's the deficiency rate for employee benefit plan (EBP) audits included in the Department
of Labor's Employee Benefit Security Administration's 2014 Audit Quality Study – the highest
deficiency rate since the studies began nearly 30 years ago. This study highlights the importance of your EBP auditor's experience...they should have your confidence.
At MHM, we view auditing employee benefit plans as one of our core services — not just an ancillary service. MHM audits nearly 1,000 employee benefit plans annually, making us one of the nation’s leading providers of EBP audit services. We serve a wide spectrum of companies, including public and private entities and ranging from small- to medium-sized companies to Fortune 500 companies.
For more than 20 years, MHM has been dedicated to providing EBP audits. We were among the first firms to join the AICPA’s Employee Benefit Plan Audit Quality Center, and have professionals who are active members of both it and the Employee Benefits Technical Resource Panel. MHM’s commitment to quality EBP audits goes even further with our continued investment in firm-wide technical training and annual internal inspections.
With a devoted team of experienced EBP professionals, your organization can benefit from the efficiencies we’ve created, which translate to timely completion of work and potential cost savings. Our active involvement in the profession and our depth of expertise in employee benefit plans also allows us to provide additional benefit beyond just the audit. We can make recommendations for operational and administrative improvements to plans, as well as ensure your employee benefit plan is in compliance with all the latest rules and regulations.