specialties / employee benefit plans
 

New financial reporting and audit requirements for 403(b) retirement plans
Due to a new set of rules issued by the IRS, 403(b) retirement plans have recently experienced significant changes.  Though these rules aim to help improve the retirement savings process for employees in the tax-exempt and not-for-profit sectors, they have also changed the way 403(b) plans are managed.  For more information on your organization's preparedness, please contact Mark Knipp at 502.589.6050 or access this link.

 

Cotton + Allen is a leader in the area of auditing employee benefit plans.  We have a team of personnel dedicated to providing audit services to companies with employee benefit plans.  Team members have experience with all types of plans including, 401K, 403(b), pension, retirement, health and welfare, defined contribution, and defined benefit plans.  Our team has experience with many different organizations, from the largest public companies to the smallest privately held businesses.  We have the expertise to help you no matter what type or size your benefit plans may be.

Our benefit plan team receives special training throughout the year and spends a significant amount of time auditing benefit plans.  Team members are aware of all the new rules and filing requirements and are prepared to perform an efficient and effective audit.  Cotton + Allen has the experience and the know-how when it comes to employee benefit plans.  Cotton + Allen is also a member of the Employee Benefit Plan Audit Quality Center of the American Institute of Certified Public Accountants.

Because of our vast knowledge and experience with employee benefit plans, we are uniquely positioned to perform efficient and high quality audits.  Our audit process is designed to ensure you remain in compliance with all of the applicable rules and regulations of the Department of Labor, as well as to provide recommendations for improvements.  Our recommendations are focused on improving the efficiency of your employee benefit plans and reducing your costs.

Other services that we provide relating to employee benefit plans include:

  • Preparation or review of Form 5500
  • Bookkeeping or outsourcing of accounting function
  • Retirement plan design and administration

For more information contact:

Allen Priest, CPA
502.566.1031
allenp@cottonandallen.com

Jim Tencza, CPA
502.566.1071
jamest@cottonandallen.com

Tonya May, CPA, MBA
502.566.1078
tonyam@cottonandallen.com