Offering your valued employees comprehensive benefit plans, including health care and tax-deferred retirement savings, helps you retain the best of the best talent to run your business.
Bland & Associates can navigate the planning, administration, and audits necessary for the wide-ranging benefit plans you want to offer to keep your employees happy.
Leave it to Bland
Managing the necessary compliance, filings, and yearly audits associated with employee benefit plans can be a daunting task, especially when you really need to focus on your overall business goals to succeed.
Our experienced professionals have spent years becoming experts in these very details. So you can rest easy, and do what you do best – pursue YOUR business goals!
Did You Know?
Employee benefit plans with between 80 and 120 participants at the beginning of the plan year may file Form 5500 in the same category as they filed in the previous year.
These plans may be able to complete Schedule I and file as a small plan under the 80 – 120 rule, thus not requiring an audit. Bland can help you figure out if your business is eligible.
Form 5500 Series and Related Filing Services
Bland provides comprehensive Form 5500 series preparation services and support, including employee benefit plan compliance assistance and consulting. You can count on our professionals to provide compilation and reporting that is complete, accurate, and government-compliant. More specifically, we offer:
- Form 5500 series preparation & filing services
- Preparation & filing services for any related retirement plan filings, such as Form 8955-SSA or Form 5330
- Preparation of required employee communications, including the Summary Annual Report
Form 5500 is due on the last day of the seventh month after the plan year-end. Also, plans covering less than 100 participants that are unfunded, fully insured, or a combination of insured and unfunded are not required to file. Our associates are well-versed on the ins and outs of these requirements. You can leave these details to us.
Employee Benefit Plan Audits
U.S. Department of Labor (DOL) regulations require that employee benefit plans with more than 100 participants be audited annually. To prevent unnecessary penalties, you need a qualified, independent public accounting firm to deliver complete and timely audit reports.
Bland offers audit services for the following:
- Single & multi-employer plans
- Health & welfare plans
- Defined benefit plans — pension plans & cash balance plans
- Defined contribution plans — 401(k) plans, 403(b) plans, profit-sharing plans, & employee stock ownership plans (ESOPs)
Designations & Associations
AICPA Employee Benefit Plan Audit Quality Center Member – To help CPAs meet the challenges of performing quality audits in this unique and complex area, the AICPA has established the Employee Benefit Plan Audit Quality Center, a firm-based voluntary membership center for firms that audit employee benefit plans.
BKR – The mission of the BKR Retirement Plan Auditors Practice Group is to provide a link between member firms in order to develop contacts, exchange information and ideas, share experiences, provide technical advice and updates on current standards, and to hold roundtable discussions on practice management and other topics.