Employee Benefit Plans
Employers offer a vast array of benefits such as medical, pension and profit sharing arrangements to attract and retain quality employees and maintain a competitive advantage; similar benefits may also be provided pursuant to a collective bargaining agreement. However, Department of Labor, Internal Revenue Service and other regulatory agency requirements related to these benefits are often confusing and complex, and noncompliance may result in unforeseen penalties and unexpected repercussions.
Lumsden McCormick’s many years of providing services to all sizes and types of single and multi-employer benefit plans have afforded us exceptional expertise in providing audit, tax and consulting services to clients in this specialty area. We are proud to be a member of the American Institute of Certified Public Accountants’ Employee Benefit Plan Audit Quality Center which subjects us to stringent continuing education requirements while providing valuable resources and a community network to assist in meeting the challenges of employee benefit plan audits and related services.
Our employee benefit plan services include:
Audit and assurance services
- Employee benefit plan audits
- Limited scope plan audits
- Form 5500 Series annual reporting requirements
- Department of Labor and ERISA regulatory compliance
- Plan accounting systems, policies and procedures
- American Institute of Certified Public Accountants (AICPA)
- AICPA Employee Benefit Plan Audit Quality Center
- Member of the Center for Public Company Audit Firms of the AICPA
- BDO Alliance USA
- New York State Society of Certified Public Accountants (NYSSCPA)
- Public Company Accounting Oversight Board (PCAOB)
Monday, February 6, 2017
New technology breeds new ways for hackers to commit fraud. As businesses increasingly use quick response (QR) codes to connect with customers using smart devices, opportunistic cybercriminals may use them to steal personal information and incur unauthorized charges. Find out … more
Monday, January 2, 2017
It is sometimes said there are two kinds of companies — those that have been hacked and know it, and those that have been hacked but don't know it. Perhaps it's an exaggeration, but the truth is your employees may inadvertently invite cyber criminals into your company's computer systems. … more
Monday, December 26, 2016
As a business owner, you can help your employees even more — and drive plan participation — by providing proper education on retirement planning.