Brady Ware established our EBP Audit Services Group niche over 20 years ago. Composed of more than a dozen team members, this group currently audits in excess of 50 EBPs annually in a diverse array of industries. Benefit plans range in size from 100 participants to over 9,000 participants. Our audits have included plans with investments ranging in size from $2,000,000 to over $500,000,000.
Our EBP Audit Services Group audits plans of nonprofit organizations and privately held companies. We have performed audits of single employer, multi-employer, defined contribution, defined benefit, health and welfare, and employee stock ownership plans.
When Brady Ware audits your EBP plan, you receive more than an audited financial statement. Our experienced auditors will also provide comments relating to internal control or other operational issues that may be identified during the audit. We also give feedback on how to address testing exceptions and improve the operations of your plan. Finally, we will identify any potential issues that might affect the complete fulfillment of your fiduciary responsibilities.
While you may not yet be required to have an Employee Benefit Plan (EBP) audit, your fiduciary responsibility is the same. New fee disclosure regulations and recent court cases make it more important than ever to have an independent review of your company’s plan. Companies are losing large lawsuits when fiduciary responsibilities are neglected. Brady Ware can educate you so you can fulfill all of your duties.
Nearly all of our clients undergoing their first EBP audit have had operational issues that we helped them rectify – we can identify and address your potential issues now.