Defined Contribution Plans
Defined contribution plans are now the leading type of employer-sponsored plans offered for retirement.
At Buchbinder, we provide audit and assurance services for both single employer and multi-employer defined contribution plans in New York, New Jersey, Maryland, Virginia, Washington, D.C., and all throughout the United States.
An audit is required for most employee benefit plans that have more than 100 participants.
Expertise to Help You Be Your Best
Our audit services fulfill Form 5500 filing requirements and give plan sponsors assurance as to the accuracy of the plan’s financial statements. It also illustrates that the defined contribution plan is operating effectively and is in compliance with the government regulations and plan requirements. We are highly specialized in the various nuances that sponsors face in administering defined contribution plans, including forfeitures, participant loans and hardship withdrawals.
Our experienced CPAs are constantly keeping up with the increased demands from the U.S. Department of Labor and Internal Revenue Service regarding changes to Form 5500.
We offer audit services for defined contribution plans, including:
- Pension plans
- 401(k) plans
- 403(b) plans
- Employee stock ownership plans (ESOP)
- Profit sharing plans
We offer the following services for defined contribution plans:
- Audits
- Reviews
- Compilations
- Limited scope audits
- Payroll audits
- Agreed-upon procedures
- Compliance services
- Advisory and consulting services