The Bonadio Group Ranks in the Top 25 for Number of Employee Benefit Plans Audited
Thursday, December 12, 2019
Rochester, N.Y., December 12, 2019 — Nationally ranked Top 50 CPA firm The Bonadio Group is among the top 25 employee benefit plan auditors in the U.S. based on number of audits completed, according to data compiled by ERISApedia.com. This past year, the Bonadio Group audited 519 employee benefit plans across the nation, ranging in size from 100 participants to over 40,000 participants with net assets of over $4.6 billion.
Only 91 U.S. CPA firms audit more than 100 plans each year. The U.S. Department of Labor has found a direct correlation between audit quality and the number of plans audited.
ERISApedia.com, an information and research resource, compiles and analyzes information on plan sponsors and auditing firms, including 80,000 audit reports and Form 5500 filings.
“The consequences employers can face for an insufficient benefit plan audit are substantial, including substantial fines and penalties. Our firm works in partnership with the plan sponsor to ensure the process is completed the right way the first time,” said Nancy Cox, partner, The Bonadio Group. “The Bonadio Group is one of only a few CPA firms with a dedicated team of specialists trained to efficiently manage the complexities and oversight required by employee benefit plan audits.”
The firm’s team of employee benefit plan auditors includes experts specializing in different industries and plan types, including 401(k) plans, 403(b) plans, defined benefit plans, ESOP’s and health and welfare plans. Please visit https://www.bonadio.com/our-services/accounting-auditing/employee-benefit-plan-audit to learn more about The Bonadio Group’s employee benefit auditing services.
About The Bonadio Group
Founded in 1978, The Bonadio Group is a nationally ranked Top 50 CPA firm offering accounting, tax, and consulting services to clients of all sizes. The Firm’s professionals deliver practical, proactive, and innovative solutions to help clients reach their financial, compliance, management, and personal goals. The Bonadio Group is the largest independent provider of accounting, tax, and consulting services in upstate New York—with offices in Albany, Batavia, Buffalo, East Aurora, Rochester, Syracuse, and Utica. The Bonadio Group also has offices in New York City, Rutland, Vt., and Dallas. For more information, visit www.bonadio.com .
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This material has been prepared for general, informational purposes only and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. Should you require any such advice, please contact us directly. The information contained herein does not create, and your review or use of the information does not constitute, an accountant-client relationship.