Expert Benefit Plan Audits
Your Trusted EBP Audit Partner
Ensure your employee benefit plans meets regulatory requirements with our specialized audit services.
Let Us Quarterback Your Employee Benefit Plan Audit
What We Do!
We quarterback the entire benefit plan audit for our clients so that it’s done more cost effectively, in a timely fashion, and as comprehensively and accurately as it possibly can be done.
What does this mean for you?
- When we engage with your company, we make it easy for you by anticipating your needs and communicating with you throughout the audit.
- Our people are benefit plan audit experts, so your questions or issues will be resolved quickly.
We provide the following for our clients:
- Assisting with the preparation of financial statements.
- Reviewing Form 5500 and coordinating changes with the service provider.
- Coordinating the audit with finance, accounting, human resources, and payroll.
- Obtaining support from the service providers
- Providing guidance if issues arise.
- Researching accounting and regulatory matters.
We’ll give you recommendations and point out areas where processes can be improved to minimize your risk.
If your organization sponsors a benefit plan for its employees, and there are 100+ participants, your organization may be required to have an independent firm audit the employee benefit plan. That’s where we come in.
Audit Process Management
We manage the entire audit process, ensuring efficiency and accuracy from start to finish.
Regulatory Compliance
Stay ahead of regulatory changes with our expert knowledge.
Assistance with Financial Statement Preparation
Our team assists in preparing detailed financial statements to meet accounting and reporting standards.
We Are The Benefit Plan Experts
This is what we do. What does this mean for you?
- Our team always includes an active benefit plan audit expert working on your audit.
- Our extensive experience and expertise enable us to quickly help you resolve any complex issues.
- You can feel secure knowing that your benefit plan audit is performed by a firm that is knowledgeable about the numerous and complex regulatory requirements, and that can work with you to complete the audit efficiently.
- Our team can also help you navigate your way through IRS and DOL examinations.
- As a voluntary member of the American Institute of Certified Public Accountants (“AICPA”) Employee Benefit Plan Audit Quality Center, Torrillo & Associates commits to meeting the highest quality standards for your audit.
Our Comprehensive Audit Services
Financial Statement Preparation
We assist in crafting precise financial statements to ensure compliance and clarity in your benefit plan audit.
Form 5500 Review
Our team meticulously reviews Form 5500, coordinating necessary changes with your service provider.
Regulatory Compliance Assistance
We provide expert guidance to navigate complex regulatory requirements, ensuring your plan meets all standards.
We have worked on employee benefit plans for plan sponsors in many industries including:
Healthcare
Pharmaceutical
Real Estate
Supporting real estate firms with detailed benefit plan audits.
Legal Services
Assisting law firms in maintaining robust and compliant benefit plans.
Professional Sports Teams
Allowing sports organizations to focus on what they do best.
Universities and Non-Profit Education
Helping educational institutions manage their employee benefit audits effectively.