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Farber Hass Hurley LLP

Employee Benefit Plan Audits

Employee Benefit Plan Audits

Farber Hass Hurley LLP is committed to providing high quality, cost-effective audits of employee benefit plans. We have a dedicated team of auditors that possess an in-depth knowledge and understanding of the compliance and reporting requirements of the Employee Retirement Income Security Act (ERISA). We have over twenty years of experience auditing employee benefit plans and have performed well over 600 plan audits. Our expertise, combined with Big Four firm experience, gives our clients the peace of mind that we will help them ensure compliance with standards and regulations that may impact their plan and fiduciary responsibilities.

We are members of the American Institute of CPAs (AICPA) Employee Benefit Plan Audit Quality Center. This membership requires adherence to higher standards of audit quality in the policies, procedures, and training related to the performance of benefit plan audits. These standards are the benchmark of our commitment to quality performance and client service. A quality audit will help protect the assets and the financial integrity of the employee benefit plan and ensure that the necessary funds will be available to pay retirement benefits to plan participants.

Our professionals receive extensive, comprehensive training to stay current on the constantly changing laws and regulations that affect employee benefit plans. We attend annual conferences presented by the DOL, IRS and the AICPA. We are able to identify plan compliance issues and recommend procedures to avoid plan operational errors. Additionally, we can assist ERISA council with correcting for plan defects.

We have experience in auditing all types of defined contribution, defined benefit, and health and welfare plans (Please visit our Employee Benefit Plan website at myebplanauditor.com) including:

  • 401(k) Plans

  • 403(b) Plans

  • Employee Stock Ownership Plans (ESOP)

  • Profit Sharing Plans

  • Defined Benefit Plans

  • Plans with SEC Form 11k Filings

  • VEBAs

SOC 1 Reports (formerly SAS No. 70)

In addition to performing ERISA audits for employee benefit plans, Farber Hass Hurley also provides SOC 1 reports (SSAE 16, Reporting on Controls at a Service Organization) for service organizations in the employee benefit plan industry such as third-party administrators, trust companies, and benefit administrators. A SOC 1 report is intended to meet the needs of financial statement auditors of entities who outsource a task or function to a service organization.