633 Route 211 East Middletown, NY 10941

3 Neptune Road Poughkeepsie, NY 12601


Mon – Sat 8:00 – 18:00
Sun – Closed

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(877) 740-9500

Employee Benefit Plan Audits

JGS performs full-scope and limited-scope audits for defined contribution plans (401(k), profit sharing, ESOP), defined benefit plans (pension and cash balance), and health and welfare plans. JGS’ experienced employee benefit plan audit team has dedicated professionals with extensive knowledge of IRS, DOL and PBGC rules.

JGS works closely with your plan sponsor, plan administrator, actuary, or third-party service provider to organize and maintain the plan’s records and to design an audit strategy that will allow for a highly efficient process, thus limiting your staff’s time used in the audit process.

Generally, benefit plans with over 100 participants are required to obtain an independent audit report on the plan’s financial statements to avoid IRS and DOL penalties and to maintain the plan’s integrity. A quality employee benefit plan audit helps to ensure that a company’s employee’s retirement, health, and other fringe benefits will be protected.


Your benefit plan audit helps to verify that:

  • Plan Assets are Correctly Valued
  • Contributions to Accounts have been Received
  • Company’s Obligations to Participants are Clearly Stated
  • Transactions are Performed within ERISA Boundaries
  • Tax Status is Maintained
  • Periodic Review of Loan, Salary Deferral, and Withdrawal Transactions