Employee Benefit Plan Audits

For HR leaders and retirement sponsors, ensuring employee benefit plan compliance can be a daunting task. Our experienced team makes the audit process simple, giving you more time to focus on your business, not filing compliance documents. 

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Industry-Focused Insights and Expertise

Years Experience

40+

EBP Clients

100+

Star Client Rating

4.75

American Institute of Certified Public Accountants

Sensiba has been a member of the AICPA Employee Benefit Plan Audit Quality Center since its formation in 2003. Additionally, we have received clean Peer Review reports from the AICPA every cycle since the beginning of the Peer Review process. 

Types of Audits

401k

Detailed audits to ensure compliance and effective management of retirement plans.

403b

Specialized audits of tax-advantaged retirement plans for nonprofits and schools.

11-k

Comprehensive audits for employee stock purchase plans and company securities compliance.

Defined Benefit Plans

Accurate audits to verify funding and regulatory compliance for pension plans.

Our Three-Phased Approach

Employee Benefit Plan Audits

Mar 23

Phase 1 – Planning

  • Holding a kickoff meeting to determine critical events and a preliminary request list 
  • Obtaining preliminary requested schedules and plan documents, and gaining access to the plan administrator website 
  • Understanding how the company processes transactions within the plan, preparing confirmations, and providing testing selections 

Mar 23

Phase 2 – Fieldwork

  • Performing participant and transaction testing, and conducting interviews with client team members 
  • Concluding fieldwork, including an audit status meeting and next steps 

Mar 01

Phase 3 – Financial Reporting

  • Processing and assisting plan management in preparing financial statement schedules, and reviewing Form 5500, audit completion procedures, and open items from Phase 2 
  • Circulating a draft management representation letter and final draft statements for company approval 
  • Preparing a first draft of financial statements 

Our Employee Benefit Plan Audit Practice Leadership

Brandon Scripps headshot

Brandon Scripps

Audit Partner-in-Charge
Jessica Mendiola headshot

Jessica Mendiola

Audit Partner
Suki Mann headshot

Suki Mann

Audit Partner
Katie Owen Headshot

Katie Owen

Audit Director

INSIGHTS

Related Employee Benefit Plan Audit Resources

Insight

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How the SECURE 2.0 Act Affects Retirement Plans

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10 Tips for 401(k) Compliance

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Responsibilities of 401(k) Sponsors

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Fewer Employee Benefits Plans Need Form 5500 Audits

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11-K Filings Unveiled: Understanding This Essential Report

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Choosing the Right Auditors for 11-K Readiness

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Staying Ahead With the Latest EBP Audit Standards

We are committed to staying at the forefront of industry standards and best practices in employee benefit plan audits. Our team actively engages with the latest updates from the AICPA and other governing bodies, ensuring we’re always informed about evolving regulations. We provide you with reliable, accurate audits that help you navigate compliance with confidence.