Employee Benefit Plan Audit Services

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.

10 Common EBP Pitfalls

Learn how to address the common problems that arise with plan reporting and how you can keep small errors from becoming larger issues.

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Insights

Updates Coming to Defined Benefit Plan Disclosures

ASU 2018-14, Compensation-Retirement Benefits-Defined Benefit Plans, Topic 715-20 removes several disclosure requirements, and adds and clarifies others in an effort to provide more useful information for benefit plan financial statements.

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Individually Designed Plans Due for Changes under the New IRS Determination Letter Program

Effective Jan. 1, 2017, Revenue Procedure 2016-37 changed the IRS determination letter program to eliminate the five-year remedial amendment cycle for tax-qualified individually designed plans (IDP).

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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.

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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.

Key Contact

Hal Hunt

hhunt@cbiz.com (816) 945-5610

Employee Benefit Plan Audits

EBP Audits

EBP Audits

10 Common EBP Pitfalls

Insights

Updates Coming to Defined Benefit Plan Disclosures

Individually Designed Plans Due for Changes under the New IRS Determination Letter Program

EBP Auditing Standards Getting An Update

Webinar: 2019 AICPA EBP Conference Summary

EBP Auditing Standards Getting An Update

Simplification? An Examination of Readily Determinable Fair Value

AICPA's Proposed Changes to Employee Benefit Plan Auditing Standards Draw Pushback

Cybersecurity Risks to Benefit Plans

Changes Finalized for Reporting Employee Benefit Plan Interests in Master Trusts

Proposed Changes to the Form 5500 and the AICPA's Response

MHM's Hal Hunt Discusses Employee Benefit Plan Audits with Plan Sponsor Magazine

Joint Effort Could Signal Major Form 5500 Changes

Increased Disclosure Requirements May be Coming to EBPs with Investments in Master Trusts

Three Ways Not-for-Profit Board Members Can Act as Fiduciaries

Improvements Proposed to Accounting for Defined Benefit Plans

In Plain Sight - 10 Common Employee Benefit Plan Pitfalls

FASB's New Employee Benefit Plans Reporting Simplification Rules

Specialization Matters: Small EBP Audit Practices More Likely to Produce Deficient Audits

Department of Labor Releases Employee Benefit Plan Audit Quality Study

Department of Labor Proposes New Definition for Fiduciaries

Practical Expedient Created for Defined Benefit Plans

Whitepaper: Tips for Selecting an EBP Auditor

MHM's Hal Hunt Reflects on ERISA's 40th Anniversary

Key Contact

Hal Hunt

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

Employee Benefit Plan Audits

EBP Audits

EBP Audits

10 Common EBP Pitfalls

Insights

Updates Coming to Defined Benefit Plan Disclosures

Individually Designed Plans Due for Changes under the New IRS Determination Letter Program

EBP Auditing Standards Getting An Update

Webinar: 2019 AICPA EBP Conference Summary

EBP Auditing Standards Getting An Update

Simplification? An Examination of Readily Determinable Fair Value

AICPA's Proposed Changes to Employee Benefit Plan Auditing Standards Draw Pushback

Cybersecurity Risks to Benefit Plans

Changes Finalized for Reporting Employee Benefit Plan Interests in Master Trusts

Proposed Changes to the Form 5500 and the AICPA's Response

MHM's Hal Hunt Discusses Employee Benefit Plan Audits with Plan Sponsor Magazine

Joint Effort Could Signal Major Form 5500 Changes

Increased Disclosure Requirements May be Coming to EBPs with Investments in Master Trusts

Three Ways Not-for-Profit Board Members Can Act as Fiduciaries

Improvements Proposed to Accounting for Defined Benefit Plans

In Plain Sight - 10 Common Employee Benefit Plan Pitfalls

FASB's New Employee Benefit Plans Reporting Simplification Rules

Specialization Matters: Small EBP Audit Practices More Likely to Produce Deficient Audits

Department of Labor Releases Employee Benefit Plan Audit Quality Study

Department of Labor Proposes New Definition for Fiduciaries

Practical Expedient Created for Defined Benefit Plans

Whitepaper: Tips for Selecting an EBP Auditor

MHM's Hal Hunt Reflects on ERISA's 40th Anniversary

Key Contact

Hal Hunt

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

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