For most nonprofits, pension plan fiduciary and compliance responsibilities are high-risk endeavors requiring the protection of participant account balances. The penalties levied by the Department of Labor for noncompliance can be severe. Also, if not properly administered, the organization may have monetary liability to the participants.

Our benefit plan audit services include full and limited scope audits, 5500 preparation, and review of reports and internal controls. We also perform compliance procedures and test balances concentrating on those areas most critical to ERISA and analyze selected income and expense items.

The key objective of an employee benefit plan audit is to ensure the protection of the participants’ funds. By thoughtfully applying and analyzing testing procedures, our evaluation becomes a critical component of your plan’s overall compliance efforts.


Tate & Tryon is a proud member of the AICPA Employee Benefit Plan Audit Quality Center.


Establish and Operate Compliant 401(K) Plans

Audit & Assurance08/23/2018

Plan compliance doesn’t need to be a barrier to offering a 401(k) plan to employees. Thanks to advances in technology, many 401(k) service providers are well-equipped to run the plan while you tend to your business’s needs. Establishing and maintaining a 401(K) plan that is compliant with federal regulations is demystified with this overview of necessary steps.

Tips to Ensure Your Employee Benefit Plan is in Compliance

Employee Benefit Plans01/28/2015

Tips to Ensure Your Employee Benefit Plan is in Compliance
Now that we’ve started a new year, now is a good time to look back and evaluate the processes and procedures related to your organization’s employee benefit plan(s).  Your objective is to confirm your Plan is operating in compliance with the requirements of the Internal Revenue […]

New Guidance Issued for 403(b) Plans

Employee Benefit Plans04/17/2013

Recently, the IRS has issued new procedures that will impact most 403(b) plans.  The first relates to the IRS granting an opinion on the plan’s tax status, commonly referred to as an IRS determination letter.  The second provides sample language in drafting of new 403(b) plans.  The third and final new significant procedure contains new guidance for correcting […]

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