Employee Benefit Plan Audits
We recognize how integral your employee benefit plan is to your organization’s success, serving both as a critical talent strategy and a significant compliance responsibility that deserves specialized attention.
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Transform Compliance Obligations into Strategic Advantages
Your fiduciary obligations demand both vigilance and expertise to safeguard participant assets effectively. Our high-touch methodology pairs you with a dedicated project manager who maintains consistent communication throughout the audit journey.
Through Richey, May & Co., LLP, we translate complex findings into clear, jargon-free recommendations tailored to your specific circumstances. Our distinctive value comes from specialized 401(k) audit expertise across organizations of every scale, an established history of successful engagements, and advanced technology that enhances both security and efficiency throughout the process.
Ensure compliance
Anticipate regulatory developments before they emerge, reducing exposure to penalties while delivering precise financial documentation well ahead of Form 5500 filing requirements.
Save time and resources
Alleviate administrative burden on your HR department, allowing them to redirect attention toward strategic talent management initiatives.
Specialized Knowledge On Demand
Tap into our focused expertise without maintaining specialized internal positions, eliminating significant recruitment, compensation and development expenses.
Proven Track Record
- Four decades focused on regulated industries with emphasis on financial services
- Comprehensive mastery of benefit plan regulatory frameworks and implementation strategies
- Distinctive approaches that combine analytical depth with creative problem-solving
Advanced Methodology
- Best-in-class platforms including ProSystem fx Engagement and Suralink
- Optimized workflow that enhances both security and efficiency throughout the process
Tailored Services
- Personalized approach to your unique 401(k) plan needs
- Dedicated team providing responsive, attentive support
- Thorough onboarding process that establishes strong collaborative relationships
- Value-oriented pricing
Unwavering Quality Standards
Through Richey, May & Co., LLP, we conduct over 90 employee benefit plan audits nationwide while maintaining active membership in AICPA’s Employee Benefit Plan Audit Quality Center and Private Companies Practice Section. This professional framework ensures consistent application of industry best practices across all engagements.
Ready to Explore How We Can Help?
Connect with our experienced specialists to discuss your specific situation and discover how our approach can address your plan audit requirements.
Firm Memberships
Richey May has demonstrated its commitment to quality by being a member in both the Employee Benefit Plan Audit Quality Center and Private Companies Practice Sections of the AICPA Division for CPA Firms. Both of these voluntary memberships allow us to stay abreast of new auditing standards and best practices within the industry.
Does your plan include fewer than 100 participants?
As a fiduciary, you can be personally liable for actual losses or lost profits due to the misuse of employee benefit plan assets. Operational deficiencies are often discovered during an audit – but audits are typically not required for plans under 100 participants. So without an annual audit, how are you protecting your company, yourself, and your employees’ retirement?
Richey May’s Employee Benefit Plan Agreed Upon Procedures (AUP) program provides fiduciary due diligence to plans under 100 participants to help manage risk. We will specifically review areas related to:
- Compliance with plan documents
- Eligibility requirements
- Participant data testing
- Contributions
- Benefit payments
Let the independent auditors of Richey May help you confidentially identify your plan’s operational deficiencies before they become a financial liability.