Employee Benefit Plan Audit

Dedicated employee benefits practice

A 2015 Department of Labor study, “Assessing the Quality of Employee Benefit Plan Audits,” found serious problems with nearly 40% of employee benefit plan audits. The study reports that the size of an independent accounting firm’s employee benefit plan practice correlates with the audit quality. Deficiencies with audits were less common with firms auditing more than 100 plans per year.

LBMC audits approximately 300 employee benefit plans annually and we are a top 40 benefit plan auditor in the nation. Our in-depth knowledge includes ongoing training, guaranteeing a keen understanding of the latest technical and financial requirements. This experience also allows us to tailor our audit approach to the needs and characteristics of each client.