Employee Benefit Plan Audits

BKD has been auditing retirement plans since the Employee Retirement Income Security Act (ERISA) audit requirements were issued in the 1970s. Our dedicated team of professionals has a depth of knowledge from our experience auditing more than 1,500 plans.

BKD is familiar with a wide range of plan sizes and complexities, which will bring additional value as we guide you through your employee benefit plan audit. The number of participants for the plans BKD audits range from 100 to more than 300,000, and the plan asset size of our clients ranges from very small to $30 billion.

BKD Solutions
Our proven solutions and expertise demonstrate our goal to deliver practical, timely and affordable services. Our insightful professionals can help you comply with Department of Labor and ERISA requirements.

BKD is sensitive to rules governing the delivery of a mix of services. Our auditors can work with you to identify employee benefit plan services that will help you achieve your goals while complying with governmental regulations.

Types of Plans
BKD’s employee benefit plan professionals provide services for a wide variety of plan types, including:

  • 401(k)
  • 403(b)
  • Cross-Tested
  • Defined Benefit
  • Employee Stock Ownership Plans
  • Health & Welfare
  • Money Purchase Pension
  • Profit-Sharing
  • Public/Governmental

BKD is a member of AICPA’s Employee Benefit Plan Audit Quality Center. Member firms demonstrate a commitment to employee benefit plan audit quality and raising awareness about the importance of such audits. The center provides members with best practices, guidelines and tools CPAs need to perform quality benefit plan audits and better serve clients. As a member, BKD has a designated partner responsible for overseeing the employee benefit practice, establishing firmwide quality control programs, performing internal inspections and making available the firm’s peer review report findings.

Limited-Scope Audits
A plan whose custodian or trustee is a “qualified institution” as defined by the Department of Labor may qualify for a limited-scope audit. A limited-scope audit is an alternative method of reporting permitted by the Department of Labor. The auditor will not audit investment amounts and transactions prepared and certified by the custodian or trustee, in accordance with the Department of Labor Regulation 2520.103-8. Under a limited-scope audit, the auditor will not issue an opinion on the overall financial statements of the plan, but instead issues a disclaimer. A limited-scope audit is limited only with respect to investments and related earnings. All other testing normally performed under a full-scope audit must still be performed for a limited-scope audit.

David Leising

Partner

David Leising

Partner

Manufacturing & Distribution

201 N. Illinois Street, Suite 700
P.O. Box 44998
Indianapolis, IN 46244-0998 (46204)

Indianapolis
317.383.4000

Nancy Ozuna

Partner

Nancy Ozuna

Partner

Construction & Real Estate

10001 Reunion Place, Suite 400
San Antonio, Texas 78216-4137

San Antonio
210.341.9400

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