Employee Benefit & Retirement Plans

Health and retirement plans are often the linchpin to providing a competitive benefit package that will attract and retain the best talent for your organization. But these programs also come with their own unique challenges. Despite your best intentions, increasing regulations and fiduciary responsibilities can become an overwhelming burden. Errors in administration could jeopardize the goals of your benefit plans, and on top of that, the Department of Labor is increasing their oversight.

An experienced team can help you lessen the sting of these burdens and gain confidence as you work toward your goals. Eide Bailly has an established reputation of quality and efficiency in the employee benefit and retirement plan space.

Employee Benefit Plan Audits
Not sure if your plan needs an audit? We can help. In general, plans with more than 100 participants as of the beginning of any plan year will require an audit of the plan’s financial statements for that year. However, there is an exception called the “80-120” rule wherein the audit can be indefinitely deferred until it reaches 120 participants. A large plan requires an audit and must file Schedule H Financial Information with its Form 5500 Annual Report. A small plan generally requires filing Form 5500 Schedule I Financial Information, which does not require an audit.

In addition to single employer plans, we have a specialized group that works with the intricacies of multiple and multi-employer plans. From financial audits of large Taft-Hartley plans to the payroll compliance audit services of their contributing employers, we can handle it all:

Filer Type

• Single Employer
• Multiple Employer
• Multi-employer

Plan Type

• 401(k), 403(b)
• ESOPs
• Defined benefit plans
• Health and welfare, vacation, apprenticeship and supplemental benefit plans
• Money purchase and profit-sharing plans

Services provided:

• Financial statement audits
• Form 5500 preparation and summary annual reports
• Form 990 and 990-T preparation
• Payroll compliance audits

Why Eide Bailly?
You can expect quality service at reasonable fees with Eide Bailly. We have established a reputation of providing quality work at a fair price. We belong to the American Institute of Certified Public Accountants’ (AICPA) Employee Benefit Plan EBP Audit Quality Center (EBPAQC) and adhere to the membership requirements of training and inspection.

Further, as auditor of over 1,000 plans (part of the top 15 nationally), our experienced professionals have seen typical plan compliance missteps and can guide you through the correction process.