Spotlights > Employee Benefit Plan Audits

Employee Benefit Plan Audits

When it comes to employee benefit plan audits, The Bonadio Group’s experience and expertise—particularly in the upstate New York market—is second to none. In addition to having one of the largest independent CPA firms in New York state, we maintain one of the largest benefit plan audit practices.

Employee Benefit Plan AuditsMany CPA firms audit employee benefit plans, but few truly specialize in this complex and highly regulated area. Our current practice consists of over 100 plan audits, so our clients benefit by having a team of dedicated and experienced professionals who specialize in this highly regulated industry—individuals who not only know how to audit employee benefit plans, but who stay abreast of changes in the employee benefit plan arena, including Department of Labor (DOL) and ERISA requirements.

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Bonadio has an established program which ensures that all ERISA employee benefit plan audit engagement personnel possess current knowledge, appropriate to their level of involvement in the engagement and applicable professional standards, rules, and regulations for ERISA employee benefit plan audits.

We are also members of the AICPA Center for Public Company Audit Firms and the AICPA Employee Benefit Plan Audit Quality Center. We attend the AICPA National Benefit Plan Conference on an annual basis, and all managers, seniors, and staff are required to attend annual in-house training on audits of employee benefit plans.

We have coordinated the implementation of new employee benefit plans and assisted in the training and development of client personnel. In addition, we have summarized audit findings for presentation to management and assisted numerous entities in preparing and reviewing Form 5500.

Employee Benefit Plan capabilities include:

  • 11-K’s
  • 401(k) Plans (including Employer Matching Plans)
  • 403(b) Plans
  • Defined Benefit Plans
  • ESOP’s
  • Frozen Plans
  • Health & Welfare Plans
  • Money Purchase Plans
  • Other Types of Qualified Retirement Plans Services
  • Analysis of Investment Performance
  • Assistance with Voluntary Correction Program (VCP) filings
  • Examination of the Plan’s Operations, including Developing Recommendations for Improvement
  • Review of Compliance with the Plan Document, IRS, & DOL Regulations


For further information on our employee benefit plan audit services, call us at (800) 487-7624 or contact us.


& MORE

In addition to employee benefit plan audits, we provide a wide variety of other types of audits, including:



The Bonadio Group is a group of accounting, business advisory, payroll, and personal financial services entities, including Bonadio & Co., LLP, (Bonadio), a nationally-ranked top 100 CPA firm founded in 1978. With offices in Rochester, Buffalo, Albany, Syracuse, Geneva and Perry, we have grown and diversified from a firm offering auditing and tax services to a multi-dimensional accounting, IT consulting, business advisory, and financial services organization serving the needs of commercial, small business, public, tax-exempt and individual clients.