At Black & Pinckard LLC, we specialize in audits of employee benefit plans that satisfy the filing requirements of ERISA section 103(a)(3)(A). Pursuant to this section, employee benefit plans are generally required to engage an independent qualified public accountant to perform an audit if filing the Form 5500 as a “large plan” (plans with 100 or more eligible participants).
In a 1997 assessment of the level and quality of the audit work being performed by auditors with respect to employee benefit plan audits, the DOL found that 19% of the audits failed to comply with one or more of the established professional standards. They also found that 33% of the audit reports failed to comply with one or more of ERISA’s disclosure requirements. The findings stated that this error rate is at an unacceptably high level.
We absolutely love our job! We’re compulsory number crunchers, fervent bean counters, and sticklers for details… We also rarely wear suits, never wear ties, enjoy sharing jovial lunch conversations with our clients, and have our own brand of private reserve wine specially bottled for our clients and friends as a token of our thanks.
Hmmmm… Not what you expected from your next audit? Maybe it should be 🙂
Auditing employee benefit plans is a specialized practice requiring knowledge and expertise beyond what is necessary for performing a financial statement audit. With our extensive experience and specialized knowledge, we don’t just get it done, we get it done right. Do you currently comply with the ERISA section 103(a)(3)(A) filing requirements? We can help.
“Rachel Pinckard and Shannon Black are very knowledgeable, pleasant and easy to work with, provide excellent customer service and work quality. I highly recommend this exceptional team.”
– Dee Ann Fluhman, United Regional
P.O. Box 26384
Hoover, Alabama 35260