Administering employee benefit plans comes with significant fiduciary, regulatory and reporting responsibilities. Whether you sponsor a 401(k), 403(b), defined benefit pension plan or health and welfare plan, you need an independent audit and advisory team that ensures compliance while minimizing disruption to your organization.
PKF O’Connor Davies is a Top 25 accounting and advisory firm serving clients nationwide, with a strong presence in New York, New Jersey and Connecticut and expanded coverage in the Philadelphia Metro Area, Southern New Jersey and South Florida. While many clients value local access, our teams efficiently deliver services and seamless support regardless of location.
Meet Our Professionals
Timothy J. Desmond
Donald Butler
Christopher Casini
Matthew Corona
Joseph J. Farrenkopf
Matthew Jones
Louis F. LiBrandi
Ashley Mayer
Kathleen A. Mills
Linda McLean
Rekha Nambiar
John N. Vitucci
Our Employee Benefit Plan Practice is led by professionals with 30+ years of individual experience and decades of collective expertise in Employee Retirement Income Security Act of 1974 (ERISA) compliance, Department of Labor (DOL) regulations and Internal Revenue Service (IRS) reporting requirements. As members of the American Institute of Certified Public Accountants’ (AICPA) Employee Benefit Plan Audit Quality Care Center, we adhere to the highest standards of audit quality and professional excellence.
Comprehensive audit, tax and advisory solutions tailored to employers and plan administrators.
Audit Services for Employee Benefit Plans
We provide comprehensive and targeted ERISA audit services for plan sponsors and administrators. Our team delivers practical solutions to evolving regulatory requirements while helping strengthen internal controls, improve operational efficiency and reduce compliance risk. Our services include:
Retirement and Welfare Plans
- Defined benefit pension plans
- Cash balance pension plans
- Defined contribution plans
- 401(k) plans
- 401(a) plans
- 403(b) plans
- 457 (b)/(f) plans
- Employee stock ownership plans (ESOP)
- Money purchase pension plans
- Profit-sharing plans
- Voluntary employee benefit association (VEBA) services
- Multi-employer plan audit services
- Health and welfare benefit audit services
- Employee financial education
- Total compensation services
- Compensation plans
- Deferred compensation plans
- Non-qualified executive deferred compensation and equity plans
- HR transaction services
- Representation and responses regarding regulatory inquiries and notices
- Global mobility
- HR operational improvements
Tax Advisory Services
For All Retirement Plans, including 401(k) & 403(b) Plans
- Form 5500 and required schedules
- Form 8955-SSA to IRS
- Form 5330 – Excise Tax
- Tax Issues
- Plan compliance reviews
- Nondiscrimination testing
- IRS/DOL representation for examinations
- Preparation of Voluntary Compliance Program (VCP) & VFC applications to IRS & DOL
- Preparation of 5500s for the DOL’s Delinquent Filer Voluntary Compliance Program (DFVCP)
- Termination plan procedures and find missing participants
- 403(b) plan document reviews
For Non-Qualified Deferred Compensation Plans
- 457(b) plan document preparation
- Rabbi Trust document creation
- Plan document reviews
- Registration statement filing with the DOL
- Employment tax withholding issues and reporting of distributions
For Welfare Plans
- Form 5500
- Form 720 PCORI Fees (self-insured plans), including HRA plans
- ACA Forms prepared and filed with IRS
- Plan compliance reviews
- Nondiscrimination testing for 125 cafeteria plans and self-insured plans
- DOL investigation representation
- Prepare “Wrap” plan documents and Summary Plan Descriptions
- Prepare 5500s for the DOL’s Delinquent Filer Voluntary Compliance Program (DFVCP) applications
- VEBA trust issues
For Fringe Benefits and Payroll Taxes
- Accountable plan reviews
- Nondiscrimination testing for group term life insurance
- Tax questions and reporting
Work with a Trusted Employee Benefit Plan Audit Firm
As regulatory scrutiny continues to increase, we understand that plan fiduciaries are under growing pressure to demonstrate compliance and operational integrity. Partnering with an experienced employee benefit plan team helps safeguard your organization, your employees and your reputation.
Contact PKF O’Connor Davies today to discuss your employee benefit plan audit, Form 5500 filing or compliance needs. Complete our contact form to get started with a consultation.