Employee Benefit Plans
For more than 40 years, Berdon has worked with a significant number of companies—with 100 or more employees—and labor unions, across all industries, to conduct audits of their retirement and pension plans, and ensure compliance with regulatory scrutiny under the Employee Retirement Income Security Act, Department of Labor, Health Insurance Portability and Accountability Act, and the Social Security Administration.
Berdon’s Employee Benefit Plan (EBP) Practice has extensive experience in auditing various types of employee benefit plans, including defined benefit and defined contribution, self-insured, retirement, 401(k), and health and welfare. Our EBP professionals introduce innovative methodologies to clients for government regulations compliance and identify opportunities to improve reporting efficiency. Furthermore, the Firm’s service-focused approach reduces the disruption to an organization’s plan operations.
Additionally, Berdon is a member of the International Foundation of Employee Benefit Plans (IFEBP) and the American Institute of Certified Public Accountants Employee Benefit Plan Audit Quality Center (EBPAQC). As a member of IFEBP and the EBPAQC, Berdon professionals have contributed to the development of accounting rules for employee benefit funds.
Berdon’s clients include some of the largest labor unions in the United States—ranging from organizations with 500 to more than 35,000 participants—with varying amounts of financial assets, including some over $800 million. In addition to the Firm’s specialized employee benefit plan audit and tax services, our EBP professionals assist plan trustees in their fiduciary responsibilities, with a focus on providing valuable planning information and serving as advisors on financial issues.
For all these reasons, assurance and accounting services provided by Berdon should never be viewed as commodity services. We deliver a meaningful report and management letter that help organizations move forward and give confidence to boards of directors as well as lenders.
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