Employee Benefit
Plan Audits
20+ Years of Experience
Established over 20 years ago, our Employee Benefit Plan Audit team is composed of more than 12 team members
50+ Employee Benefit Plan Audits Annually
Our team currently audits in excess of 50 Employee Benefit Plan Audits annually in a diverse array of industries from 100 participants to over 9,000 participants
$2 Million – $500 Million
Our Employee Benefit Plan Audits have included plans with investments ranging in size from $2 million to over $500 million
Specialized Audits for Employee Benefit Plans
An Employee Benefit Plan audit requires a specialized team of experienced professionals, not audit generalists
Our Employee Benefit Plan audit team audits plans of privately held companies and nonprofit organizations, performing audits of single employer, multi-employer, defined contribution, defined benefit, health and welfare, and employee stock ownership plans.
Our experienced auditors will also provide comments relating to internal control or other operational issues that may be identified during the audit. We also give feedback on how to address testing exceptions and improve the operations of your plan. Finally, we will identify any potential issues that might affect the complete fulfillment of your fiduciary responsibilities.
Understand Your Fiduciary Responsibility
While you may not yet be required to have an Employee Benefit Plan (EBP) audit, your fiduciary responsibility is the same. New fee disclosure regulations and recent court cases make it more important than ever to have an independent review of your company’s plan. Companies are losing large lawsuits when fiduciary responsibilities are neglected. Brady Ware can educate you so you can fulfill all of your duties.
Nearly all of our clients undergoing their first EBP audit have had operational issues that we helped them rectify. Along with identifying problem areas, we also provide:
- Information regarding your complete fiduciary responsibilities
- A review of your plan documents and a comparison to current plan operations
- Testing of your current plan operations
Markets We Serve
Explore the industries we serve for small- to middle-market companies nationwide.
AICPA EBPAQC Firm Member
Brady Ware is a member of the AICPA Employee Benefit Plan Audit Quality Center, a voluntary membership organization for accounting firms that perform ERISA employee benefit plan audits.
AICPA GAQC Firm Member
Brady Ware is a member of the AICPA Governmental Audit Quality Center, a voluntary membership organization for accounting firms that perform governmental audits, including those performed under Government Auditing Standards and OMB Circular A-133, Audits of States, Local Governments, and Nonprofit Organizations.
BDO Alliance USA
Brady Ware is a member of the BDO Alliance USA, one of the industry’s largest associations of accounting and professional service firms focused on accounting, financial, tax, and business advisory. With more than 800 independent Alliance firm locations, the Alliance represents nearly every state and includes a comprehensive range of specialty services. It is our firm belief that any guidance you might seeking, we have the resources to meet the need.
Key Contacts
David M. Clear, CPA
Shareholder
dclear@bradyware.com
Patrick C. Rasey, CPA
Shareholder
prasey@bradyware.com
Teresa B. Snyder, CPA
Shareholder
tsnyder@bradyware.com
Michael J. Kiene, CPA
Shareholder
mkiene@bradyware.com
Twana L. Cheek, CPA, CGMA
Principal
tcheek@bradyware.com