Employee Benefit Plans

Employee benefit plans are intricate. As the plan sponsor, you have fiduciary responsibilities to execute the plan, keep it compliant and support its good standing. That’s a tough task in today’s stringent regulatory environment.

Doeren Mayhew is well-versed in the maze of regulations and day-to-day nuances of operating a plan. Our team has worked as a trusted advisor to hundreds of plan sponsors to help them fulfill their responsibilities, while creating successful retirement outcomes for employees. We’re experienced in:

• Defined contribution plans – profit sharing, 401(k) and 403(b)
• Defined benefit plans
• Single- and multiple-employer plans
• Voluntary employees beneficiary association
• Section 125 cafeteria plans

Whether you’re in need of a plan audit or third-party administration services, we’ve got you covered.

Employee Benefit Plan Audits

Doeren Mayhew has a team of experienced employee benefit plan auditors. We serve nearly 500 plans annually ranging in size of up to 10,000 eligible participants and assets of $200-plus million. Not to mention, the firm is also a member of the AICPA Employee Benefit Plans Audit Quality Center, which demonstrates our commitment to employee benefit plan excellence.

Drawing on our experience, we understand the complexities you face as a plan sponsor. Working with us, you can expect not only an efficient and accurate audit, but also suggestions for improvements to help avoid or minimize the negative outcomes that an IRS or DOL audit might bring.

Our employee benefit plan audit services include:

• Full-scope and Section 103(a)(3)(C) audits
• Preparation and filings of Form 5500
• Form 990 preparation
• Internal controls and plan operations assessment
• Plan regulatory compliance
• DOL and IRS audit assistance

Plan Administration

Not in need of an audit, but looking for a third-party plan administrator? We can help with that, too!

We understand maintaining a plan and living out the plan provisions can be a daunting task. That’s why we have a team of skilled administrators to manage the operations and compliance of your retirement plan. Collaborating with your team, advisors and investment providers, we’ll implement the best plan for you and your employees.

As your plan administrator, we can help with:

• Plan document design and maintenance
• Annual employer reporting
• Form 5500 and 8955 preparation and filing
• Plan compliance testing
• Employee eligibility verification
• Contribution deposit verification
• Distribution and loan processing
• Plan investment conversions
• Asset reconciliation