Specialized services for accounting for employee benefits plans

In providing services to over 200 employee benefits plans with assets of nearly $20 billion, Kreischer Miller is one of the largest accounting firms serving sponsors of retirement plans in the Greater Philadelphia area.

We have a dedicated team of experienced employee benefits accounting professionals to serve our client base. Our team members are regular attendees at state and national conferences and are actively involved in the PICPA Employee Benefit Plan Committee. Our employee benefits accounting plan practice is a focus area of the firm and our clients receive direct exposure to the leaders of our practice.

Our experience with employee benefits accounting includes plans of all types and sizes, including defined contribution, defined benefit, ESOPs, 403(b), multi-employer, master trusts, and health and welfare plans. Plans range from those with 100 participants to those with over 100,000 participants, with plan assets from less than $1 million to over $3 billion across all industries. This diverse range of experience—from small single location plans to those sponsored by large, Fortune 500 companies—gives us the background and depth to understand the issues that face the industry, such as:

  • ERISA rules and regulations
  • Valuation of hard to value investments held
  • Department of Labor and IRS correction programs
  • Assistance with operational, compliance, and regulatory matters
  • Common plan deficiencies, best practice recommendations, and industry trends

Core Employee Benefits Services

Specialty Employee Benefits Accounting Services

  • Full scope audits
  • Limited scope audits in accordance with DOL regulations
  • Form 11-K filings
  • Accounting support and financial statement preparation for PCAOB filers
  • Form 5500 and 990 preparation or review
  • Unique plan transactions
    • Plan mergers
    • Partial or full defined benefit plan freezes
    • Plan terminations
    • Change in service providers
  • Assistance with corrections related to operational defects
  • Assistance with deferral contribution correction calculations and remittance
  • Plan design review
  • Services for Employee Stock Ownership Plans (ESOP)

Kreischer Miller is a member of the AICPA Employee Benefit Plan Audit Quality Center.

For further reading: 10 Common Pitfalls to Avoid with Your Employee Benefit Plan