Employee Benefit Plans

Employee Benefits, Pension, and Profit-Sharing Plans

Maguire Hegarty LLC performs both limited scope and full scope audits for employee benefit plans. Audits are performed by an experienced team who has significant technical expertise from working on numerous employee benefit plan audits.

Compliance with the Department of Labor and the Internal Revenue Service regulations is complex and failure to do so is detrimental to both the plan sponsor and the plan participants. We work with the plan sponsor to help them understand their fiduciary responsibility.

We also consult with plan sponsors as they prepare for the plan audit conducted by another accounting firm. These services are most popular with sponsors of 403(b) plans.

Merging a benefit plan into another benefit plan occurs regularly as companies are acquired. Performing due diligence procedures can prevent disqualification of the combined benefit plan.

Services provided include:

LIMITED SCOPE AND FULL SCOPE AUDITS FOR:

• Defined contribution plans
• Defined benefit plans
• Health and welfare plans

PREPARATION OR REVIEW OF FORM 5500

ASSIST MANAGEMENT IN PREPARATION FOR PLANAUDIT

DUE DILIGENCE PROCEDURES ON BENEFIT PLANS DURING ACQUISITIONS