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A Complete Guide to Reliable EBP Audit Services

For businesses in the United States that offer retirement and other benefit plans to their employees, compliance with federal regulations is not just a best practice—it’s a legal necessity. A core requirement for companies with 100 or more eligible plan participants is an employee benefit plan audit, as mandated by the Employee Retirement Income Security Act (ERISA). To ensure your organization is not only compliant but also operating with financial transparency and accuracy, understanding the scope and importance of EBP Audit Services is critical. Understanding EBP Audit Services EBP Audit Services refer to the independent examinations of a company’s employee benefit plan financial statements. These audits are conducted to ensure that the plans comply with IRS and Department of Labor (DOL) requirements. A reliable audit helps uncover any discrepancies or non-compliance issues before they escalate into serious regulatory problems or penalties. Moreover, accurate auditing supports plan ...