Employee Benefit Plans

Planning for the future and saving for retirement is a very important component of the financial planning process. Many employers offer retirement savings programs such as 401 (k) plans, employee stock ownership plans, and profit sharing plans to help employees save for their retirement. Both the Department of Labor (DOL) and the Internal Revenue Service (IRS) regulate employee benefit plans. This means complicated and sometimes conflicting rules and regulations that a plan is required to follow. For many employers offering these plans, it is a daunting task to ensure your plan is in compliance with these regulatory agencies. Martin, Hood, Friese & Associates, LLC, a member of the AICPA Employee Benefit Plan Audit Quality Center, specializes in the audit of employee benefit plans and can assist you in making sure your plan is in compliance.

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