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MHM
  • About Us
    • Careers
    • Locations
  • Services
    • Audit & Assurance
      • Financial Statement Audits
      • EBP Audits
      • Public Company Services
      • Attest & Other Services
      • Systems and Organization Controls
    • Tax
      • State and Local Tax
      • Federal Tax
      • International Tax
      • Private Client Services
    • Advisory
      • Complex Accounting
      • Transition & Transaction Services
      • IT Security
  • Industries
    • Financial Services
    • Manufacturing & Distribution
    • Not-for-Profit & Education
    • Private Equity
    • Professional Services
    • Real Estate
    • Retail and Consumer Products
    • Technology & Life Sciences
    • Construction
  • Insights
    • Articles
    • Webinars
  • People
  • Contact Us
    • MHM Ethics Hotline

Employee Benefit Plan Audits

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A 401(k) benefit plan showcasing MHM's work conducting employee benefit audit services

EBP Audits

With a devoted team of EBP professionals, we have created efficiencies that translate into timely completion of work and potential cost savings.

An open enrollment health insurance form showcasing MHM's knowledge of the landscape

EBP Audits

With a devoted team of EBP professionals, we have created efficiencies that translate into timely completion of work and potential cost savings.

  • Contact Us
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All eyes are on employee benefit plan audit quality. Knowing you is understanding the complications that can arise with plan management — changes to contribution levels, eligibility, or deposits of elective deferrals. We have designed our employee benefit plan audit methodology to specifically target the areas of highest risk in your plan so that you can be prepared for the scrutiny from the DOL and other regulators. Our professionals perform more than 1,100 employee benefit plan audits each year, and that experience enables us to efficiently review transactions and identify compliance issues. It also enables us to pinpoint the other needs plan sponsors may have outside of the audit report. Our professionals receive specialized EBP audit training so that we can anticipate areas of concern and proactively address them. Whether through direct interaction with your engagement team or through one of our informative online resources, we pass along that guidance so that you are equipped for the challenges facing plan reporting.

How to Make Your EBP Audit Process Easier

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Accounting Update Webinar

We combine our 30+ years of EBP audit experience
with our understanding of your unique risks to bring you audits of the highest quality.

Insights

3 Pandemic Ramifications Affecting Employee Benefit Plan Audits in 2021

Notable changes made to retirement plans in 2020 could affect 2021 employee benefit plan audits.

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Cybersecurity and Retirement Plans: What You Need to Know

Here are some action items organizations with retirement plans can take to secure plan data.

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4 Employee Benefit Plan Stories to Monitor in Q4 2021

Employee benefit plan sponsors have their hands full when it comes to monitoring regulatory trends and other updates that may affect plan operations, administration and compliance. The following developments may be of interest to your plan compliance, particularly in the months ahead.

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  • 4 Employee Benefit Plan Stories to Monitor in Q4 2021

    Employee benefit plan sponsors have their hands full when it comes to monitoring regulatory trends and other updates that may affect plan operations, administration and compliance. The following developments may be of interest to your plan compliance, particularly in the months ahead.
  • 3 Pandemic Ramifications Affecting Employee Benefit Plan Audits in 2021

    Notable changes made to retirement plans in 2020 could affect 2021 employee benefit plan audits.
  • Are You Ready For The Next Big Change In 401(K) Plans Under The Secure Act?

    401(K) plans required to permit long-term, part-time employees to defer.
  • 5 Ways the New ERISA Employee Benefit Plan Audit Standards Will Affect Your Plans

    Changes are coming to auditing standards for employee benefit plans subject to the Employee Retirement Income Security Act of 1974 (ERISA). While most of the updates affect plan auditors, there are implications for your management team. Here are some changes ERISA plan sponsors should expect for their employee benefit audits starting in 2021.
  • Are Your Benefit Plan’s Alternative Investments Generating Taxes?

    Unexpected UBTI & the Flip Side to Alternative Investments in Your Benefit Plan is designed to help plan sponsors understand how the tax on unrelated business income may affect their plan and what they can do to minimize compliance risks.
  • Webinar: 2019 AICPA EBP Conference Summary

    Select Mayer Hoffman McCann P.C. personnel who attend the conference will provide a debrief on the key points, tips and other guidance shared at the conference.
  • EBP Auditing Standards Getting An Update

    Changes to auditing standards for employee benefit plans subject to the Employee Retirement Income Security Act of 1974 (ERISA) are on the way.
  • Simplification? An Examination of Readily Determinable Fair Value

    The FASB's revised definition of readily determinable fair value (RDFV) may have in fact made the net asset value practical expedient more difficult to apply.
  • AICPA's Proposed Changes to Employee Benefit Plan Auditing Standards Draw Pushback

    Based on what we know about the comment letters the AICPA has received, it indicates that improving employee benefit plan auditing standards to address deficiency rates may be easier said than done.
  • Cybersecurity Risks to Benefit Plans

    The number of cyber attacks continues to rise. Employee benefit plans should evaluate their protocol to make sure they are prepared for the risks in their environment.
  • Changes Finalized for Reporting Employee Benefit Plan Interests in Master Trusts

    ASU 2017-06 is effective for defined benefit pension plans, defined contribution plans and health and welfare benefit plans with interests in master trusts effective for fiscal years beginning after Dec. 15, 2018, and needs to be applied retrospectively.
  • Proposed Changes to the Form 5500 and the AICPA's Response

    Regulators submitted a proposal to implement sweeping changes to the forms and regulations that govern annual employee benefit plan reporting on Form 5500.
  • MHM's Hal Hunt Discusses Employee Benefit Plan Audits with Plan Sponsor Magazine

    MHM's Employee Benefit Plan Audit Practice Leader Hal Hunt was recently quoted in an article by PlanSponsor Magazine titled "Both the DOL and IRS Are Stepping Up Their Audits."
  • Joint Effort Could Signal Major Form 5500 Changes

    The IRS, the DOL and the PGBC published proposed updates to the Form 5500 annual return in the Federal Register that could have a significant effect on plan reporting.
  • Increased Disclosure Requirements May be Coming to EBPs with Investments in Master Trusts

    Certain types of employee benefit plans with investments in master trusts may face increased disclosure requirements.
  • Three Ways Not-for-Profit Board Members Can Act as Fiduciaries

    The term fiduciary can apply to a much broader set of relationships, such as the one between a not-for-profit's board and the organization. Fiduciaries can be any entity that has the trust, responsibility or power to make decisions on behalf of another.
  • Improvements Proposed to Accounting for Defined Benefit Plans

    In late January 2016, the FASB released two proposed accounting standards updates that affect Topic 715, Compensation - Retirement Benefits.
  • In Plain Sight - 10 Common Employee Benefit Plan Pitfalls

    MHM's In Plain Sight: 10 Common Employee Benefit Plan Pitfalls outlines how plan sponsors can address the common problems that can arise and keep small errors from becoming larger issues.
  • FASB's New Employee Benefit Plans Reporting Simplification Rules

    On July 31, 2015, the FASB issued ASU 2015-12, which is designed to simplify several aspects of employee benefit plan financial reporting.
  • Specialization Matters: Small EBP Audit Practices More Likely to Produce Deficient Audits

    Findings from a recent Department of Labor Report, Assessing the Quality of Employee Benefit Plan Audits: 2014 Audit Report suggest a strong correlation between the number of employee benefit plan audits a firm performs and audit quality.
  • More Insights


    Key Contact

    Hal Hunt

    hhunt@cbiz.com (816) 945-5610

    The first step in
    Knowing You is Knowing how
    we can help You.

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    MHM. Knowing You.

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    About Us


    MHM (Mayer Hoffman McCann P.C.) is an independent CPA firm dedicated to learning about your organization and helping you meet your requirements and make informed decisions. We use our global resources and 60-plus years of experience serving growth-oriented public, private and not-for-profit organizations, to bring you best practices and sound guidance.

    A member of Kreston Global |
    A worldwide network of accounting firms


    Client Portal | Careers | Terms of Use | Privacy Policy

    Copyright 2021 Mayer Hoffman McCann P.C. All rights reserved.

    About Us


    MHM (Mayer Hoffman McCann P.C.) is an independent CPA firm dedicated to learning about your organization and helping you meet your requirements and make informed decisions. We use our global resources and 60-plus years of experience serving growth-oriented public, private and not-for-profit organizations, to bring you best practices and sound guidance.

    MHM. Knowing You.

    Contact Us

    A member of Kreston Global |
    A worldwide network of accounting firms


    Client Portal | Careers | Terms of Use | Privacy Policy

    Copyright 2021 Mayer Hoffman McCann P.C. All rights reserved.