Benefit Audit Group, LLC           

Benefit Audit Group, LLC
                   



Benefit Audit Group, LLC’s mission is to provide quality audit services for retirement plans.  We are an independent CPA firm that is licensed for practice.

We perform our employee benefit plan audits in accordance with the standards set by the American Institute of Certified Public Accountants (AICPA) and the Department of Labor (DOL); however, the value we add is performing the audit in a timely and unobtrusive manor and providing the type of feedback that plan management needs.  This feedback allows plan management to make their employee benefit plan processes more efficient, less susceptible to fraud and most importantly - fiduciarily responsible.

The same holds true for employee benefit plans not requiring an audit.  The processes surrounding the plan most likely have not been reviewed or analyzed by an outside party – ever.

Each year millions of dollars are deferred, matched, contributed and distributed and Benefit Audit Group, LLC wants to give employers the peace of mind that the assets under their fiduciary watch are being properly handled.

The future of social security and the lack of savings potential by younger generations have left the burden of retirement plans on the backs of employers.  Add to that the current increase in lawsuits filed against employers for alleged breach of fiduciary responsibility.   Benefit Audit Group, LLC can help you provide you the quality services and expertise to help you with these issues and others.

The definition of a fiduciary:

Dictionary.com Unabridged (v 1.1)
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fi·du·ci·ar·y   [fi-doo-shee-er-ee, -dyoo-] Pronunciation Key - Show IPA Pronunciation noun, plural -ar·ies, adjective

 

–noun

1.

Law. a person to whom property or power is entrusted for the benefit of another.

–adjective

2.

Law. of or pertaining to the relation between a fiduciary and his or her principal: a fiduciary capacity; a fiduciary duty.

 

3

of, based on, or in the nature of trust and confidence, as in public affairs: a fiduciary obligation of government employees.

 

4.

depending on public confidence for value or currency, as fiat money.

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