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Employee Benefit Plan Audit Services

Harshwal audits several employee benefits plans each year. Federal law requires employee benefit plans with 100 or more participants to have an audit as part of their obligation to file an annual return/report (Form 5500 Series).

Types of 401(k) and 403(b) plans we audit include:

  • Defined contributions
  • Defined benefits
  • Employee stock ownership
  • Health and Welfare Benefits
Employee Benefit Plan Audit

AICPA Employee Benefit Plan Audit Quality Center Member

Harshwal has been a member of the AICPA's Employee Benefit Plan Audit Quality Center (EBAQC) since its inception. The EBQAQC was established to help CPAs meet the challenges of performing quality audits in this unique and complex area. The EBAQC provides members communication of regulatory developments, best practices guidance, and technical updates.

We have EBP specialists in all of our offices. You get an efficient, well-trained audit team when you work with us. We participate in specialized training to stay current on ERISA, DOL, and IRS rules and regulations, so you get an efficient audit in an effective manner. Our proactive and hands-on approach helps eliminate regulatory violations and results in timely filings without hassle.

Our clients receive cutting-edge, robust, innovative solutions to suit their particular set of facts and circumstances. We work with a variety of constituents, plan administrators, actuaries, attorneys, and investment consultants to incorporate our industry knowledge and experience into meeting our clients’ needs.

Employee Benefit Plan Solutions

Few of the solutions we provide include:

  • Review of plan documents and operating procedures
  • Review of overall plan strategy and cost structure
  • Assistance with determining the best plan to sponsor
  • Facilitating requests for proposal (RFP) processes
  • Assessment and recommendations for benefit service providers
  • Facilitating the preparation of Form 5500 filings and attachments
  • Resolution of complex compliance issues discovered during the audit
  • Assistance with prohibited transaction issues
  • Assistance with IRS and DOL audits

We can provide these services to the extent permitted by professional standards while complying with government regulations.

Why Choose Harshwal

  • Guaranteed Fixed fee pricing, no strings attached
  • Experienced and fully qualified auditors
  • 100% Virtual and Remote audits
  • 100% Flexible
  • 100% use of Cutting-Edge Technology

The experts here at Harshwal & Company are skilled and experienced in working with auditing standards and regulations including rules from the Department of Labor (DOL) and the Internal Revenue Service (IRS) to assist our clients in assembling a complete record of pending charges and other service areas.

Our technical expertise and proficiency with employee benefit plan audit services are ready to exceed your expectations. In fact, the positive feedback we get from our clients is a testament to the level and quality of our services, and also to the way we build relationships. Here at Harshwal & Company LLP, thousands of benefit plan audits are completed every year, and a hallmark of our service is both client satisfaction and transparency in our results.

All of our firm’s efforts are dedicated toward bringing solutions and results that are ideally suited to our clients, according to their specific needs and requirements. Harshwal & Company LLP is willing to go the extra mile to work with a client to ensure that they are happy and fully satisfied with the services we provide for employee benefit plan audits in San Diego, San Francisco and the Bay Area, and across the rest of the U.S.

Employee Benefit Audit Pricing

Plan Size

  • 100-499
  • 500-999
  • 1000-1500
  • 1500+

Fixed Fee

  • Non ERISA section 103(a)(3)(C) Audit:An additional fee of $1500 is applied to the fixed fee for Non ERISA section 103(a)(3)(C) Audit, which is required in situation where the trustee or custodian cannot certify the accuracy and completeness of the information submitted.
  • First Requirement Audit:An additional fee of $1000 will apply to the fixed fee if the audit is the plan sponsor’s first required audit.
  • Changed Custodian/Trustee:An additional fee of $750 will be application on the fixed fee listed above if the plan sponsor has changed its custodian/trustee during the current audit year.
  • Changed Payroll Provider:An additional fee of $750 will be application on the fixed fee listed above if the plan sponsor has changed its payroll provider during the current audit year.
  • For multiple companies sharing a 401(k) plan no additional fee is applied between 1-3 companies. An additional fees of $500 will be applicable for each additional company.
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Get Started with Harshwal

Ask Harshwal & Company LLP about how to get professional, attentive auditing services team on board, for a successful result that the client can show off to regulators or anyone else. We love to work with our clients to meet their needs and present their operations in a good light.

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