With the constant changes in ERISA and Department of Labor reporting requirements you need a firm that understands the complexities of single and multi-employer plan compliance and can provide you with timely information about regulatory changes. If you already have a plan in place or are evaluating new plan options, our team of benefit plan specialists can analyze your company’s financial situation and provide recommendations to meet your objectives. Whether your goal is to maximize shareholders’ deferrals for wealth accumulation or as a employee benefit enhancement, we can help. We can also coordinate and manage the annual audit of your plan or the completion of your Form 5500 and required supplemental schedules. We will work closely with you and your third party administrator or plan trustees, to help ensure that participant data is properly recorded and the necessary reports are filed in a timely manner.

As a result of our professionals’ expertise, local attorneys frequently call upon us to complete the final audits of terminated plans for large, national companies undergoing bankruptcy proceedings in Delaware. Our team of specialists understands the importance of the prompt and accurate completion of the audit and Form 5500 filing. We will work closely with your plan’s trustees, actuaries, investment advisors and third party administrators to ensure that the legal team is aware of any audit findings and that all reports are filed in a timely and cost-efficient manner.

In addition to providing employee benefit plan services to area corporations our team of specialists have been performing Taft-Hartley plan audits for more than 25 years. As a result of our extensive experience working with Taft-Hartley plans, we are able to effectively guide plan trustees through the complex process of plan compliance. Our clients’ plan trustees and administrators respect the fact that our benefit plan work has received commendations from the Department of Labor and the Internal Revenue Service.

As part of our employee benefit plan services, we can:

  • Explain and help you implement changes in ERISA and DOL reporting requirements
  • Provide information and recommendations about various plan design options
  • Provide comprehensive audit services, including sampling participant data to verify its accuracy and completeness
  • Answer operational questions regarding changes in participant contributions and benefit payments
  • Prepare and review Form 5500
  • 403(b) plan regulations

About Belfint, Lyons & Shuman, P.A.:

Belfint, Lyons & Shuman was founded in 1923 as a small accounting practice whose staff was committed to building long-standing, mutually beneficial relationships with clients and business associates. Today, with close to 70 professionals, we have become one of the largest and most respected certified public accounting firms in Delaware while never losing sight of our founding commitments. We have a diverse client base offering services such as: accounting & auditing, tax planning & compliance, litigation support, employee benefit plan design & implementation, succession planning, business & management consulting and corporate services for investment holding companies. For additional details on all of the services we provide, please visit www.Belfint.com.