Employee Benefit Plan Audit Services

At Wei, Wei & Co., LLP, we specialize in comprehensive audit services for Employee Benefit Plans (EBPs), including 401(k), 403(b), pension, and health & welfare plans. Our dedicated team helps plan sponsors meet their fiduciary responsibilities and maintain full compliance with ERISA, DOL, and IRS regulations.

Why Are EBP Audits Important?

Employee Benefit Plan audits are not only regulatory requirements—they are essential to fulfilling fiduciary duties. Generally, plans with 100 or more eligible participants at the start of the plan year require an annual audit as part of their Form 5500 filing. Failure to comply may result in penalties, increased regulatory scrutiny, or plan disqualification.
An EBP audit helps to:

Ensure the accuracy and completeness of financial statements
Confirm compliance with plan documents and regulatory requirements
Safeguard plan participant assets
Reduce the risk of penalties from the DOL or IRS

Our EBP Audit Expertise

We recognize that each plan is unique. Our specialized team brings deep technical expertise, experience, and efficiency to every engagement. We serve a wide range of plans, including:

401(k) Plans
403(b) Plans
Defined Benefit Plans
Profit-Sharing Plans
Health & Welfare Benefit Plans
Employee Stock Ownership Plans (ESOPs)

Whether your plan requires a limited-scope or full-scope audit, we deliver accurate and efficient service with minimal disruption.

Our EBP Audit Process

Our proven audit methodology is designed to meet your filing deadlines with confidence:

Initial Consultation:
Review plan size, structure, service providers, and prior filings to determine audit requirements.
Document Collection & Planning:
Gather key plan documents and tailor the audit approach to your plan’s specifics.
Fieldwork Execution:
Perform thorough testing of transactions, eligibility, contributions, distributions, loans, and more.
Reporting & Communication:
Provide clear audit reports, highlight any deficiencies, and offer compliance insights.
Filing Support:
Coordinate with your third-party administrator (TPA) or internal team to ensure timely, accurate Form 5500 filing.

Dedicated Benefit Plan Audit Team

Our professionals specialize exclusively in EBP audits and stay current with ERISA and DOL regulations.

Efficient & Remote-Friendly Process

We utilize a secure, digital-first audit process that minimizes disruption and maximizes convenience.

Trusted by Plan Sponsors & TPAs

We collaborate seamlessly with TPAs, custodians, and recordkeepers to ensure smooth audit completion.

Proactive Communication

We prioritize clear and consistent updates so you’re always informed throughout the engagement.

Ensure Compliance.
Protect Plan Participants.
Gain Peace of Mind.