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employee benefit plan audits

Finding the Right Fit

As plan sponsors and administrators, you have a number of responsibilities to your 401(k) or 403(b) plan and its participants.

Selecting and working with the right auditor to meet your 401(k) or 403(b) plan's audit requirements can often be one of the more challenging of these duties.

Common Sense Solutions to Common Issues

As a member of the AICPA's Employee Benefit Plan Audit Quality Center, our commitment to serving the audit needs of plan sponsors and their participants has driven our employee benefit plan audit practice to evolve into one of our firm's primary core service lines.

This commitment to our clients, and the benefit plan community as a whole, has also led us to understand and logically address some of the common issues sponsors face when having a 401(k) or 403(b) audit performed:

  • Cost is the Issue - we understand that, along with obtaining a quality audit, cost is one of the primary issues facing the fiduciary during the auditor selection process. By controlling our own overhead costs, we are able to offer fee amounts that are some of the most favorable in the marketplace.

  • Capped Costs - we provide a fixed-fee (capped-cost) structure for audit engagements, which ensures that your costs will not escalate during or after the audit. Simply put, we honor our fixed-fee quotes and do not issue addendum billings.

  • Fair Pricing - Simply put, we feel that similar plans, with similar audits, should incur similar audit fees. As such, we have developed a standard tiered pricing model based on the criteria affecting the complexity of an audit. The result is that your plan's audit fees will be no more than those of its peers within each tier.

  • Your Audit is a Priority - We view employee benefit plan audits as one of our primary core services. As such, we place a high priority on our employee benefit audits; we start them earlier in the calendar year, employ experienced and knowledgeable personnel dedicated to their performance, and provide our clients with in-depth subject-matter-expert (SME) and partner involvement on every engagement we undertake.

  • You Are Busy - We realize that the audit of your plan is only one of many projects you are tasked with. Our goal is to minimize the disruptive footprint that an audit can leave on your team's workday. We can accomplish this by working effectively with your plan's third-party administrators, record keepers, trustees and other vendors in order to mitigate the overall impact of the process on your operations.

  • Continuity Equals Efficiency - We understand that while you have a number of roles to fill within your organization, training your audit team each year should not be among them. We will have the key members of the team assigned to your audit reoccur on your engagement each year. This continuity of plan-specific experience benefits both your organization and our firm in that it increases our audit efficiency and significantly reduces your workload.

To learn more about audits for your specific plan type, we invite you to visit the following links for additional information:

If our common-sense approach to employee benefit plan audits is of interest, we invite you to contact us to schedule a non-binding consultation.

"I just wanted to let you know that I am extremely pleased with the work provided by Robertson & Robertson. We used their services to perform an annual audit, which really opened our eyes to our operations. They were able to objectively help us identify issues within our accounting information system that resulted in a very positive impact to our "bottom line", which is valuable for any company in any industry. Robertson & Robertson is a trustworthy and professional accounting firm that I would recommend to any company looking to become more profitable and knowledgeable about their operations".

Javed Meghani
Chairman & CEO, Mega Energy

"2010 was the first year US Imaging, Inc. used Robertson & Robertson, PLLC to prepare the 401(k) audit for our plan's Form 5500. Ben Robertson and Carisma Robertson were extremely professional, yet personable to work with. They were certainly knowledgeable and I would recommend them without hesitation."

Martha Law
CFO, US Imaging, Inc.

"Robertson & Robertson have managed to combine the expertise you would expect from a 'Big Four' firm while still retaining the personal touch. From day one they showed a genuine interest and quickly grasped the issues particular to our business. They have given valuable guidance to our financial team. Our audits have been carried out efficiently and diligently with the minimum of disturbance to the accounting functions. Above all, I have appreciated their objective feedback and support. I highly recommend doing business with them as they will bring about great benefits".

Richard Wakim
President, Brilliant Energy

"In 2011, we engaged Robertson & Robertson, P.L.L.C., to perform our 2010 annual SAS 70 (Type II) audit, and found them to be thorough, professional and consistent with the guidelines established for this particular type of audit. Their firm proved to be infinitely approachable when questions or concerns arose, and were quick to respond to our queries. In all, their knowledge and expertise helped our company to improve our processes, focus on objectives needing to be fine-tuned and left us in an excellent position for the upcoming transition to the SSAE 16 audit."

Mike Pettey
President, Alliance Benefit Group of Houston

"Working with Robertson & Robertson is a very pleasant experience. Their staff is very knowledgeable and up to date on the latest laws and requirements. They are thorough yet considerate of your time. They create a comfortable enough atmosphere to make our review relatively painless. We will be working with them again next year."

Lori Biehle
Vice President, Phoenix Millwork, LLC

"Thorough and professional - those two words summarize my impression of the CPA services provided by Ben Robertson of Robertson & Robertson. From the initial engagement interview, to the final financial review report, to conscientious follow-up, Robertson & Robertson made sure all the "i's" were dotted and all the "t's" were crossed and that JES Tech had everything we needed to fulfill our reporting obligations. Thanks Robertson & Robertson!"

Keith Sabin
Vice President, JES Tech