Browse 20+ providers in this category.
Featured Providers
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Heberlein & Falk, P.C. - Erie, PA
Employee Benefit Plan Auditor
<p>Founded in 1991 on the shores of Lake Erie, Heberlein & Falk, P.C. is a CPA firm based in Erie in Northwestern Pennsylvania.</p> <p>The firm ha... -
LBMC, PC - Brentwood, TN
Employee Benefit Plan Auditor
<p>Founded in 1984, LBMC, PC has grown into a 900-employee CPA firm based in Brentwood, part of the Nashville metro area.</p> <p>LBMC works with busi... -
Doeren Mayhew Assurance - Troy, MI
Employee Benefit Plan Auditor
<p>Founded in 2003, Doeren Mayhew Assurance is a CPA firm that provides audit, tax, and advisory services. The firm has a team of 550 employees.</p> <... -
Saville CPAs and Advisors, LLC - Dallas, TX
Employee Benefit Plan Auditor
Saville CPAs and Advisors, LLC is a modern accounting firm established in 1965, providing business leadership for wealth in the US and internationally... -
HLB Gross Collins, PC - Atlanta, GA
Employee Benefit Plan Auditor
<p>Founded in 1969, HLB Gross Collins, PC has grown into a 126-person CPA firm headquartered in Atlanta, serving organizations across the greater Atla... -
UHY LLP - St Louis, MO
Employee Benefit Plan Auditor
<p>Founded in 1957, UHY LLP is a national accounting firm with audit, tax, and advisory practices, including work for retirement plans that need an in... -
Hill, Barth & King LLC - Boardman, OH
Employee Benefit Plan Auditor
<p>Founded in 1991, Hill, Barth & King LLC (HBK) is a CPA and consulting firm headquartered in Boardman in the Youngstown–Warren metro area of nor... -
WithumSmith+Brown PC - Princeton, NJ
Employee Benefit Plan Auditor
<p>From its Princeton headquarters in central New Jersey, WithumSmith+Brown PC works with organizations across the New York–New Jersey–Pennsylvania me... -
Silvio, Walker & Associates, LLP - Baton Rouge, LA
Employee Benefit Plan Auditor
Silvio, Walker & Associates, LLP is a professional accounting firm founded in 1971, serving individuals and small businesses in Baton Rouge, LA. The f... -
Dean Dorton Allen Ford PLLC - Lexington, KY
Employee Benefit Plan Auditor
<p>Founded in 1979, Dean Dorton Allen Ford PLLC is a CPA firm with audit, tax, business advisory, and technology service lines.</p> <p>Based in Lexin... -
PlanChec(k) CPAs, LLC - Columbus, OH
Employee Benefit Plan Auditor
<p>Built around retirement plan audits, PlanChec(k) CPAs, LLC works with plan sponsors that need a clear, efficient audit process and clean documentat... -
Brontide LLC - Bethesda, MD
Employee Benefit Plan Auditor
<p>Government contractor audits are a core part of Brontide LLC’s work in the Washington, DC metro area.</p> <p>Founded in 2015 and based in Bethesda,... -
Gray Hunter Stenn LLP - Quincy, IL
Employee Benefit Plan Auditor
<p>Founded in 1991, Gray Hunter Stenn LLP provides audit and accounting support from Quincy in western Illinois, serving the broader Mississippi River... -
Maginnis & Carey LLP - Portland, OR
Employee Benefit Plan Auditor
Maginnis & Carey LLP is a local, accomplished certified public accounting firm based in Lake Oswego, Oregon, serving clients across the region. As one... -
Macias, Gini & O'Connell LLP - Sacramento, CA
Employee Benefit Plan Auditor
<p>Founded in 1987, Macias, Gini & O'Connell LLP (MGO) is a CPA and advisory firm with an office in Sacramento, serving organizations across the S... -
PLANTE & MORAN, PLLC
Employee Benefit Plan Auditor
<p>Founded in 1924, Plante & Moran, PLLC is a certified public accounting firm that also provides business advisory services.</p> <p>The firm han... -
Parsons CPA PLLC - Charlotte, NC
Employee Benefit Plan Auditor
Parsons CPA PLLC is a leading full-service CPA and business consulting firm based in Charlotte, NC, dedicated to improving the cash flow, efficiency, ... -
Mahle, Wack, Zaidain & Co., PLL - Miamisburg, OH
Employee Benefit Plan Auditor
Mahle, Wack, Zaidain & Co., PLL is a highly-rated CPA firm located in Miamisburg, OH, serving clients in the greater Montgomery County area, including... -
Robertson & Robertson, PLLC - Houston, TX
Employee Benefit Plan Auditor
<p>Founded in 2012 and headquartered in Houston in the Gulf Coast region, Robertson & Robertson, PLLC is a CPA firm that focuses on audit and assu... -
West, Rhode & Roberts - San Deigo, CA
Employee Benefit Plan Auditor
West Rhode & Roberts (WRR) is a leading San Diego CPA firm specializing in expert audit, tax, and advisory services. Since 1997, WRR has built a reput...
Finding the Right 403(b) Auditor for Your Retirement Plan
If you sponsor a 403(b) retirement plan, ensuring compliance and accuracy is critical. A qualified 403b auditor plays a key role in protecting the plan's participants and meeting regulatory requirements set by the Department of Labor (DOL) and the Internal Revenue Service (IRS).
Retirement plans for tax-exempt organizations, such as schools, hospitals, and non-profits, must adhere to complex rules regarding their plan documents, operations, and financial reporting. When your plan reaches a certain size (typically 100 or more participants), an annual independent audit performed by an experienced 403b auditor is often mandatory. This audit verifies the financial statements and ensures that the plan operates in accordance with the plan document and IRS/DOL regulations.
What Does a 403(b) Audit Cover?
Working with an auditor who specializes in employee benefit plans, particularly 403(b) plans, is essential. The auditing procedures focus on several critical areas:
- Plan Document Compliance: The auditor verifies that the written plan document satisfies all 403(b) requirements and was timely adopted. Inconsistencies between the plan document and employee handbook should be identified and resolved.
- Review of Plan Operations: This includes checking internal controls, ensuring proper administration, and verifying that the plan's operations align with the written document and tax code.
- Financial Statement Accuracy: Auditors apply procedures to ensure that the beginning balance of net assets available for benefits is materially correct, which impacts the current year's statement of changes in net assets available for benefits.
- Regulatory Guidance: A qualified 403b auditor provides guidance on IRS and DOL compliance requirements and assists with Form 5500 filing.
Best Practices for 403(b) Plan Sponsors
While the auditor confirms compliance, plan sponsors have fiduciary oversight responsibilities. Key governance areas include:
- Maintaining a robust governance structure.
- Regularly reviewing investment lineup and fund options.
- Ensuring fee transparency and reasonableness.
- Properly managing record-keeping.
Choosing a firm with deep experience in auditing 403(b) plans is a best practice. Firms that audit various employee benefit plans, including defined contribution, 401(k), and 403(b) plans, often possess the specialized knowledge required to perform a thorough and accurate audit. Look for firms that offer actionable recommendations for improvement and clear communication throughout the process.
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