Earlier this year, Aronson released the results of our first annual “Employee Benefit Plan Benchmarking Survey”, a valuable tool for appraising your organization’s benefit plan strategies against those of other employers. If you haven’t downloaded it already, we encourage you to do so by clicking here.
Now that you are armed with that information, you might be wondering about the next steps for further improving your benefit plan strategies. Part of that process includes evaluating your plan auditors.
A 2015 report by the Department of Labor (DOL) indicated that 39% of employee benefit plans had “unacceptable – major” deficiencies, putting $653 billion and 22.5 million retirement plan participants at risk. The experts of Aronson’s Employee Benefit Plan Services Group have put together a comprehensive white paper that explores the results of the study and offers practical considerations for evaluating a benefit plan auditor. Download the “The DOL Audit Quality Study: Understanding & Avoiding the Risks of a Deficient Audit” white paper as a free resource to help you avoid the common pitfalls discussed in the DOL report.
For more information about Aronson’s audit and plan management services for employee benefit plans, please contact our Employee Benefit Plan Services Group at 301.231.6200.