Expert Financial Oversight

Specialized Benefit Plan Audits and Advisory Services

Ensure compliance and financial accuracy with our expert CPA services, tailored for your business needs.

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About Torrillo & Associates

Torrillo & Associates stands as a leader in the realm of employee benefit plan audits, committed to delivering exceptional service and expertise. With a focus on 401(k) and 401(b) audits, our firm is dedicated to ensuring compliance and financial integrity for businesses across Pennsylvania, New Jersey, and Delaware. Our team of AICPA certified professionals brings a wealth of experience, offering peace of mind and reliable solutions to our clients. We pride ourselves on our client-centric approach, ensuring personalized service and strategic insights to meet your unique financial needs.

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Our Professional Services

Explore our comprehensive range of services designed to support your business’s financial health and compliance.

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Employee Benefit Plan Audits

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401(k) and 401(b) Audits

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Business Advisory Services

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Financial Compliance Consulting

“Torrillo & Associates transformed our audit process into a seamless experience. Their attention to detail and deep understanding of benefit plans ensured our compliance and peace of mind.” – Sarah L., HR Director

“Working with Torrillo & Associates was a game-changer for our company. Their team is knowledgeable, responsive, and truly cares about their clients’ success.” – Mark T., CFO

“The expertise provided by Torrillo & Associates in our 401(k) audit was invaluable. Their guidance helped us navigate complex regulations with ease.” – Emily R., Plan Administrator

“From start to finish, the team at Torrillo & Associates was there for us. Their dedication to client service is unmatched in the industry.” – John P., CEO

Latest Insights in Accounting and Auditing

Final Regulations Issued on New Roth Catch-Up Rule

by | September 15, 2025 | Blog, Employee Benefit Plans, Forms and Procedures, News and Press Releases, Policy Updates, Retirement - 401(k), 403(b) | 0 Comments

The Department of the Treasury and the Internal Revenue Service issued on September 15, 2025 final regulations addressing several SECURE 2.0 Act provisions relating to catch-up contributions. (Catch-up contributions are additional contributions under a 401(k) or...
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Executive Order Issued to Expand Access to Alternative Assets for 401(k) Investors

by | August 7, 2025 | Employee Benefit Plans, News and Press Releases, Policy Updates | 0 Comments

On August 7, 2025 an executive order was issued which aims to broaden the investment opportunities available to Americans saving for retirement through defined-contribution plans like 401(k)s. Traditionally, these plans have limited access to alternative...
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DOL Promotes New On-Line Self-Correction Program

by | July 24, 2025 | Blog, Employee Benefit Plans, Forms and Procedures, News and Press Releases, Retirement - 401(k), 403(b) | 0 Comments

The U.S. Department of Labor (DOL) recently announced several programs designed to help employers, unions, and pension plans voluntarily assess and improve their compliance with federal labor laws. The release also provides a link the new on-line self-correction...
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DOL Files Amicus Brief Supporting Use of Forfeitures to Reduce Employer Contributions

by | July 18, 2025 | Blog, Employee Benefit Plans, News and Press Releases, Retirement - 401(k), 403(b) | 0 Comments

The Department of Labor (“DOL”) has recently filed an amicus brief in the case of Paul Hutchins, plaintiff, versus HP, Inc., defendant, in support of the defendant's use of forfeitures. (Hutchins vs HP Amicus-Brief) The case claims that the defendant improperly used...
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US Department of Labor Rescinds 2022 Guidance on Cryptocurrency in 401(k) Plans

by | May 28, 2025 | Employee Benefit Plans, Forms and Procedures, News and Press Releases, Policy Updates, Retirement - 401(k), 403(b) | 0 Comments

In Compliance Assistance Release No. 2025-01, the U.S. Department of Labor’s Employee Benefits Security Administration has rescinded a 2022 compliance release that previously discouraged fiduciaries from including cryptocurrency options in 401(k) retirement plans. On...
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DOL Issues Guidance on Missing Participants and Transfers to State Unclaimed Property Funds

by | January 14, 2025 | Employee Benefit Plans, Forms and Procedures, News and Press Releases, Policy Updates, Retirement - 401(k), 403(b) | 0 Comments

Field Assistance Bulletin No. 2025-01, Missing Participants and Beneficiaries - Pension Plans' Transfer of Small Retirement Benefit Payments to State Unclaimed Property Fund, announces a temporary enforcement policy applicable to small retirement benefit payments owed...
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DOL Updates the Voluntary Fiduciary Correction Program

by | January 14, 2025 | Employee Benefit Plans, Forms and Procedures, News and Press Releases, Retirement - 401(k), 403(b) | 0 Comments

Following up on proposed changes, the DOL has updated its Voluntary Fiduciary Correction Program (VFCP). The changes under the program now allow employers and plan officials to self-correct certain transactions without submitting a VFCP application. Additionally,...
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DOL Issues Guidance on Missing Participants and Transfers to State Unclaimed Property Funds

Jan 14, 2025 | , , , ,

Field Assistance Bulletin No. 2025-01, Missing Participants and Beneficiaries - Pension Plans' Transfer of Small Retirement Benefit Payments to State Unclaimed Property Fund, announces a temporary enforcement policy applicable to small retirement benefit payments owed...

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Phone

(215) 555-7890

Email

contact@torrillocpa.com

Address

4567 Audit Lane, Suite 200, Philadelphia, PA 19103

Schedule Your Consultation Today

Ready to ensure compliance and peace of mind with your benefit plan audits? Our team of experts is here to help. Schedule a consultation with Torrillo & Associates to discuss your specific needs and how we can assist in optimizing your financial strategies.

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