Employee Benefit Plans

At O’Connor & Drew, P.C., we understand the challenges facing the Employee Benefits industry.  With 30 years of auditing experience in the Employee Benefits sector, we are committed to providing proactive and responsive services to meet your organization’s unique needs. Our objective is to provide you with cost effective services. We accomplish this through working directly with you to ensure all requirements are met. Services include:

• 401(k) and 403(b) plan audits
• Form 5500 preparation
• DOL compliance regulations

Quality and Efficiency With our specialized team of auditors, we bring a superior level of experience and knowledge that maximizes efficiency and effectiveness to the management of your benefit plan. We have significant audit experience with benefit plans that have a wide range of plan assets. We follow the American Institute of Certified Public Accountants (AICPA) auditing standards and complete all the required audit procedures. A quality audit will help protect the plan assets, the financial integrity of your employee benefit plan, and ensure that the necessary funds will be available to pay retirement benefits. An audit will also help you fulfill your legal responsibility to file a complete Form 5500 and related audit reports. An incomplete or inadequate audit report may result in penalties being assessed against you as the plan administrator. Our first priority is our clients. We help our clients ascertain that all their filing requirements are met in a timely fashion. Our Commitment In addition, to demonstrate our commitment to achieving the highest quality audits possible, we are members of the AICPA’s Employee Benefit Plan Audit Quality Center. The AICPA’s Employee Benefit Plan Audit Quality Center is a national community of CPA firms that demonstrate a commitment to employee benefit plan audit quality and is designed to raise awareness about the importance of ERISA audits. This membership enables us to gain access to a wealth of comprehensive research and data. Our team of employee benefit plan auditors stay current in this highly technical practice area by attending the annual AICPA National Conference on Employee Benefit Plans and other relevant seminars. In addition, we meet the continuing professional education requirements of the Employee Benefit Plan Audit Quality Center.