Employee Benefit Plans

Plan Design & Consultation

Our employee benefits consulting department can provide guidance in developing an employee benefits plan that meets the needs of your business and your employees.

Employee Benefit Plan Audits

Federal law requires that employee benefit plans – such as 401(k) plans, 403(b) plans, profit sharing plans, defined benefit plans, etc. – with 100 or more eligible participants must be audited each year. West & Company has a team of professionals that specialize in employee benefit plan audits.

The United States Department of Labor continues to intensify its review and scrutiny of plans and their respective audits, and advises the following:

“One of the most common reasons for deficient accountants’ reports is the failure of the auditor to perform tests in areas unique to employee benefit plan audits. The more training and experience that an auditor has with employee benefit plan audits, the more familiar the auditor will be with benefit plan practices and operations, as well as the special auditing standards and rules that apply to such plans.”

The increasing complexity of accounting and reporting requirements makes it important to select an experienced and trustworthy certified public accounting firm to handle your audit. At West & Company, our experienced team has decades of experience in providing quality audits.

We want to provide our employee benefit clients with the peace of mind that their plan is in compliance with the myriad of rules and regulations, and all necessary audit requirements have been met.