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.

How to Make Your EBP Audit Process Easier

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Accounting Update Webinar

Insights

FASB Issues Standard 2023-05 to Improve Accounting for Joint Venture Formations

On August 23, 2023, the Financial Accounting Standards Board (FASB) issued Business Combinations - Joint Venture Formations (Subtopic 805-60) to address joint venture formations with respect to business combinations.

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Accounting for Fair Value Amidst Uncertainty: Triggering Events & Other Impairment Updates

Today’s economy is marked by volatility, and recessionary potential continues to bloom; this mix of indicators necessitates a focus on accounting for asset impairment.

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Relief for Common Control Leasing Arrangements is Almost Here

The Financial Accounting Standards Board (FASB) recently voted to approve an update to Accounting Standards Codification (ASC) Topic 842, Leases.

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Time to Switch Your Employee Benefit Plan Auditor? Tips for Finding the Right Fit

We help your organization understand what an eb plan audit is, how to prepare for one and how to choose the right eb plan auditor for your business.

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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.

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Key Contact

Hal Hunt

hhunt@cbiz.com (816) 945-5610

Employee Benefit Plan Audits

EBP Audits

EBP Audits

How to Make Your EBP Audit Process Easier

Insights

FASB Issues Standard 2023-05 to Improve Accounting for Joint Venture Formations

Accounting for Fair Value Amidst Uncertainty: Triggering Events & Other Impairment Updates

Relief for Common Control Leasing Arrangements is Almost Here

Time to Switch Your Employee Benefit Plan Auditor? Tips for Finding the Right Fit

4 Employee Benefit Plan Stories to Monitor in Q4 2021

3 Pandemic Ramifications Affecting Employee Benefit Plan Audits in 2021

Are You Ready For The Next Big Change In 401(K) Plans Under The Secure Act?

5 Ways the New ERISA Employee Benefit Plan Audit Standards Will Affect Your Plans

Are Your Benefit Plan’s Alternative Investments Generating Taxes?

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

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

How to Make Your EBP Audit Process Easier

Insights

FASB Issues Standard 2023-05 to Improve Accounting for Joint Venture Formations

Accounting for Fair Value Amidst Uncertainty: Triggering Events & Other Impairment Updates

Relief for Common Control Leasing Arrangements is Almost Here

Time to Switch Your Employee Benefit Plan Auditor? Tips for Finding the Right Fit

4 Employee Benefit Plan Stories to Monitor in Q4 2021

3 Pandemic Ramifications Affecting Employee Benefit Plan Audits in 2021

Are You Ready For The Next Big Change In 401(K) Plans Under The Secure Act?

5 Ways the New ERISA Employee Benefit Plan Audit Standards Will Affect Your Plans

Are Your Benefit Plan’s Alternative Investments Generating Taxes?

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

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.