Benefit Plan Audits

We Can Help You Balance Compliance and Costs for Your Annual Benefit Plan Audit.

Whether you are a large employer with multiple plans or a small employer with a single plan, our experienced auditors can help you balance compliance while managing costs. Employee benefit plans are a complex, specific area of accounting and reporting. You need a team of accountants who are:

  • Experienced and specialists in 401(k) audits and other employee benefit plan
  • Dedicated to the changing annual accounting and reporting requirements
  • Ensuring that you remain ERISA- and DOL-compliant at an affordable price

Benefit Plan Audit Services:

  • Defined contribution plan audits – 401(k) plans, 403(b) plans, profit sharing plans, employee stock ownership plans
  • Defined benefit plan audits – pension plans Full and limited scope audits
  • Form 5500 preparation Advisory services with plan violations and DOL letter responses
  • Industry Network Associations:
    • Employee Benefit Plan Audit Quality Center (EBPAQC)
    • Society for Human Resource Management (SHRM)
    • Dallas Human Resource Management Association (DHRMA)
    • BKR Employee Benefit Plan Practice Group


We Provide Peace of Mind, With No Surprises

Our Dallas-Fort Worth area accounting firm is committed to achieving the highest quality employee benefit plan audit at the most competitive fee for your company. We understand the challenges employee benefit plan administrators face, including increased responsibility and managing employee satisfaction, so we know that the last thing you want to stress over is your plan audit. We offer services that provide peace of mind, with no surprises.

Cornwell Jackson also performs several of our audit procedures electronically with a cloud-based auditing tool.  This saves time on travel, coordination, couriers, etc. and allows our team to accomplish a great deal at any location- which increases efficiency and reduces the burden to our clients. We work with nearly every major retirement plan service provider in the region and our team is familiar with each companies’ processes and capabilities, which makes the audit process smoother on our clients.

Our team of trained professionals possess the specialized knowledge and experience to ensure compliance with the appropriate standards and regulations. We also attend employee benefit plan-specific training to ensure that we stay current with the ever-changing IRS, Department of Labor and accounting requirements. As a member of the American Institute of CPAs’ Employee Benefit Plan Audit Quality Center (EBPAQC), Cornwell Jackson has established quality control programs and integrated best practices resulting from years of experience.

Knowledge Base – Benefit Plan Audit Articles

Choosing an Auditor for Employee Benefit Plans, Choosing an Auditor for Benefit Plans, Choosing an Auditor for 401k PlansChoose Your Auditor Carefully for Employee Benefit Plans

The Department of Labor and IRS are ramping up efforts to improve compliance in corporate employee benefit plan administration. Frequent errors point to inadequate or improper administration by organizations, but also to auditors that lack the proper training and experience to conduct a technically appropriate employee benefit plan audit. Failure to make improvements can result in penalties and fines to companies and organizations — and even criminal charges in severe cases. That’s why it’s so important to choose an audit team with experience once your organization reaches 100 eligible participants.


Employee Benefit Plan Audit GuideEmployee Benefit Plans – Financial Statement Audits

A financial statement audit is conducted by an independent certified public accountant. The independent auditor’s overarching goal is to obtain reasonable — but not absolute — assurance that the financial statements prepared by plan management are fairly presented. To communicate that assurance, the independent auditor provides an opinion about whether the plan’s financial statements are presented fairly, in all material respects, in accordance with U.S. generally accepted accounting principles as promulgated by the Financial Accounting Standards Board (FASB) (GAAP) or a special purpose framework that is acceptable to the DOL, such as the modified cash basis of accounting.


Selecting an Auditor for Employee Benefit Plans,Selecting an Auditor for 401k PlansGuide to Selecting an Auditor

A quality audit will help protect the assets and the financial integrity of your employee benefit plan and ensure that the necessary funds will be available to pay retirement, health, and other promised benefits to your employees. A quality audit also will help you carry out your legal responsibility to file a complete and accurate annual return/report for your plan each year. Because an incomplete, inadequate, or untimely audit report may result in penalties being assessed against you as the plan’s administrator, selection of an experienced and reliable auditor is very important.


Hire a Quality AuditorThe Importance of Hiring a Quality Auditor to Perform Your Employee Benefit Plan Audit

The AICPA Employee Benefit Plan Audit Quality Center (EBPAQC) has prepared this advisory to provide you, the plan sponsor, administrator, or trustee with an understanding of the importance of hiring a quality auditor to perform your employee benefit plan financial statement audit, and information to help you select a quality auditor.


Recent Benefit Plan Audit Articles:

Reduce Your Risk of Committing Employment Discrimination

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Is Your Company’s Vacation and Holiday Policy Working as Planned?

Presumably you have a holiday and vacation policy already in place. But what if it’s not working well for your company or your employees? For example, if it’s vague, you may have to make decisions on the spot when an employee asks for days off at a time that is inconvenient for you and possibly for … Continue reading Is Your Company’s Vacation and Holiday Policy Working as Planned?

Appeals Court Allows Sexual Harassment Case to Proceed

Sexual harassment on the job remains a problem in many workplaces. And most often, charges are filed by female employees against males. But in a recent case, the Tenth Circuit U.S. Court of Appeals rejected a district court’s ruling that a man’s sexual harassment charges against a female supervisor were improperly handled. The appeals court sent … Continue reading Appeals Court Allows Sexual Harassment Case to Proceed


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Contact our Benefit Plan Audit Specialist

Call us to arrange an appointment: 972-202-8000 or email us using the links below.

Mike Rizkal, Audit Partner

As a Partner in Cornwell Jackson’s Audit and Attest Service Group, Mike specializes in providing a variety of services to privately-held middle market businesses, with a focus in the construction, real estate, manufacturing, distribution, professional services and technology industries. View Our Benefit Plan Audit Blog [/su_column] [su_column class="widget"]

Client Testimonial

“About eight years ago, Cornwell Jackson took over our six employee benefit plan audits. With Cornwell Jackson’s efficiency and expertise on employee benefit plans, I don’t have to worry about audit compliance anymore. They provide value by making the process seamless for me and my staff, keeping us current with DOL/IRS regulations to ensure compliance, and all for lower fees than we were previously being charged. I would highly recommend Cornwell Jackson for employee benefit plan audit needs.”

–Linda Prochaska, Director-Human Resources, Darling International