Baker Tilly ranks 5th among all employee benefit plan auditors (including MEPs) in the U.S., out of more than 6,000 firms!According to the U.S. Department of Labor (DOL)
Pooled Employer Plan Audits
Pooled plan providers (PPPs) meet regulatory requirements with a high-quality, streamlined pooled employer plan (PEP) audit.
Pooled Employer Plan Audits
Ranking 5th among all employee benefit plan auditors, Baker Tilly's audit experience provides pooled plan providers (PPPs) with the professional service to comply with the requirement for an annual independent audit of your pooled employer plan (PEP) with little disruption to your organization and a seamless transition to audit compliance.
PEPs are a unique type of multiple employer plan (MEP) created with the passing of the Setting Every Community Up for Retirement Enhancement (SECURE) Act. Unlike traditional MEPs that require shared characteristics (such as industry) among the included employers, PEPs allow unrelated employers to participate in a single retirement plan. By pooling their resources, small and mid-sized organizations gain economies of scale that aim to lower plan costs, offer greater oversight and reduce risk for participants.
PEP audit requirement
PEPs are subject to an annual audit when the PEP reaches 100 or more eligible employees as of the beginning of the plan year. The plan may exercise the 80-120 rule exemption if the plan meets the exemption’s requirements.
Baker Tilly’s employee benefit plan audit experience provides PPPs with the professional service to comply with the requirement for an annual independent audit with little disruption to your organization and a seamless transition to audit compliance.
Audit approach and methodology
We understand your time is valuable, and pride ourselves on delivering all reports on time or ahead of schedule. Our audit programs are designed to streamline year-end procedures and improve value through a pragmatic approach. To minimize the impact to our clients, we use a formal audit planning methodology and communicate with you every step of the way.
Working with key stakeholders, we establish a client service plan unique to your organization’s expectations and audit timeline.
We identify specific areas that will require your assistance during the audit.
We communicate with key stakeholders to lay the groundwork for the audit, and execution of our work according to the mutually developed and approved audit timeline established in Phase 1. Throughout the audit process, we discuss progress with your organization’s management. Through open communication and effective project management, you experience an efficient and effective audit.
Your Baker Tilly team communicates the results of the audit in our wrap up presentation to your organization’s management team and those charged with governance. Your feedback is solicited at the conclusion of the audit and throughout the year.
We have worked with Baker Tilly for many years. IntegraCare has a complex ownership structure and many entities that participate in our 401(k) plan. Baker Tilly has always provided the expertise and knowledge on the reporting requirements to the MEP as it relates to our company and the nuances of our plan. Over the years, we have worked with many members of their team. The Baker Tilly team is always professional and available to answer questions as they arise throughout the year.Mindy Carrier, director of employee benefits and retention programs, IntegraCare™ Corporation
Why choose Baker Tilly as your PEP auditor?
1,800
employee benefit plan audits nationwide
Leading firm
We have deep experience auditing benefit plans ranging from privately held organizations to large public companies, and from small, growing entities to established international corporations.
50+
offices nationwide, and global resources to support your growth through Baker Tilly International
EBPAQC member
We are committed to quality employee benefit plan audits as shown by our membership in the AICPA's Employee Benefit Plan Audit Quality Center (EBPAQC) for CPA firms since its inception.
Collaboration
Our auditing approach contains significant partner and manager involvement, consistent teams and valued business insights.
