EBP-Chart2_03CRI’s benefit plan expertise puts us at the top of the class.

Nearly all businesses today have a benefit plan. Employer-sponsored plans, the most popular type, provide nearly 80% of full-time workers access and boast a participation rate of 80+ percent. With this level of popularity comes an increase in regulatory scrutiny—and the need for independent advisors who have done their homework and are familiar with the rules to support the plan sponsor.

Retirement plans possess many complex components: custodians, trustees, trading platforms, compliance administration, record keeping, and investments. CRI provides a comprehensive, one-stop shop for employee benefit plan planning and administration services. Meanwhile, benefit plans with more than 100 eligible participants are generally required to have an audit performed in accordance with the Employee Retirement Income Security Act of 1974 (ERISA). The DOL repeatedly states that it believes benefit plan audits require specialization and technical expertise – and cites auditor inexperience as one of the most common causes of benefit plan audit deficiencies.

CRI clients benefit from a streamlined approach delivered with open communication and efficient coordination resulting in accurate reporting and compliance. We deliver benefit plan services to smaller private companies, private and public middle market companies, and larger public companies. Since CRI is registered as a Public Company Accounting Oversight Board (PCAOB) firm, we also perform audits of Forms 11-K filed with the SEC.

With a volume of benefit plan audits in the top 1% of CPA firms nationally, CRI, an AICPA’s Employee Benefit Plan Audit Quality Center (EBPAQC) member, is poised to meet these requirements. Our voluntary membership subjects our team to additional benefit plan training requirements and demonstrates our commitment to quality services.

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Down-to-earth descriptions of our services.

Employee Benefit Plan Audits

A national leader in providing employee benefit plan audits, CRI performs 300+ audits annually for plans ranging in participant size from 100 to thousands. We deliver value-driven, customized audit solutions for plan types including:

  • defined benefit plans—including Taft-Hartley plans,
  • defined contribution plans—including 401k and 403b,
  • employee stock ownership plans (ESOPs),
  • health and welfare plans, and
  • profit-sharing plans.

Employee Benefit Plan Advisory

We manage the design, implementation, and administration for all types of retirement plans. These include defined contribution type plans – such as 401(k) plans and 403(b) plans – and defined benefit plans. Additionally, we provide record-keeping and third-party administration (TPA) services for all types of retirement plans.

CRI provides suggestions for reducing retirement plan costs and increasing benefits by leveraging our federal regulation expertise to enhance benefits for both the employer and plan participants. Meanwhile, we independently design your plan while creating documents and an administration guide to assist the plan sponsor with IRS and DOL compliance. We also provide company and participant reports, as well as regular plan review, to ensure you are taking full advantage of what the law allows.

Employee Benefit Plan Taxes

CRI’s experience with the Employee Retirement Income Security Act of 1974 (ERISA), along with our proactive client service approach, allows us to meet your timelines for filing your Form(s) 5500 while also accurately depicting your plan operations.