Employee Benefit Plan Audits
Offering a tax-deferred retirement plan like a 403(b) Plan to your employees comes with stringent compliance regulations mandated by Employee Retirement Income Security Act (ERISA), the Department of Labor (DOL), and the Social Security Administration, including reporting, and nondiscrimination and compensation testing. It takes an experienced team with knowledge of the issues relating to employee benefit plans to meet your fiduciary responsibility, protect your plan assets, and ensure that your plan is in compliance with the changing rules and reporting requirements.
403(b) Plan Audits
Organizations with over 100 eligible participants in their 403(b) Plan are generally required to annually submit audited plan financial statements along with their Form 5500. The IRS and DOL regulations regarding 403(b) compliance are becoming increasingly strict, and failure to comply can be costly to your business.
Anstiss & Co. is ranked as a top-50 public accounting firm in Massachusetts by the Boston Business Journal. Our accounting services have been founded on the principles of personalized service and teamwork since we first opened our doors in 1964. We strive to offer our clients the best value for their money. The Anstiss & Co. staff of accountants is provided with training beyond the minimum requirements, maintaining a superior knowledge of the constantly changing rules and regulations of 403(b) compliance. We have extensive experience performing 403(b) Plan audits, and our commitment to providing quality audit services is demonstrated by our firm's membership in the AICPA's Employee Benefit Plan Audit Quality Center.
If you would like a member of the Anstiss team to contact you regarding your 403(b) Plan, please fill out the contact form on this page or call us today at (978) 452-2500.
