Employee Benefit Plan Services

As Employee Benefit Plan specialists, VonLehman is ideally suited to help employers navigate the ever-changing landscape of employee benefit and pension plans. Our Employee Benefit Plan Group understands the evolving financial, management and compliance issues facing our clients. We make it our business to stay on top of new regulations and emerging benefit plan options. We help clients take full advantage of new laws while ensuring compliance with all reporting requirements.

Our Employee Benefit Plan Group stands apart in our region.  With VonLehman offices in Kentucky, Ohio and Indiana, our teams provide the breadth of integrated expertise required.  Instead of limiting our scope to benefit plan audits like some accounting firms, we provide a full range of employee benefit plan services. And unlike the one-size-fits-all approach of larger firms, we cater to the specific needs of closely held and family-owned businesses. Our breadth of services prepares our clients to deal with the complexities of benefit plan design, administration, compliance and taxation. Our specialized market focus makes our advice more salient.

And, with VonLehman's ongoing commitment to quality, we have joined the esteemed "Employee Benefit Plan Audit Quality Center" (EBPAQC) at the American Institute of Certified Public Accountants (AICPA)  to gain access to comprehensive resources that will assist us in further enhancing the quality of ourc clients' employee benefit plan audit.  The Center membership will provide us timely information on a variety of technical, legislative and regulatory subjects that we can in turn apply to all VonLehman clients' employee benefit plan audits, ensuring compliance with the appropriate standards and changes in regulations.  

By joining the EBPAQC, we are committing to adhere to the highest quality standards by voluntarily agreeing to the Center membership requirements, which include designating a partner responsible for our employee benefit plan audit practice, establishing quality control programs, performing annual internal inspection procedures, and making our peer review report findings publicly available. 

Employee Benefit Plan Audit Quality Center membership allows us to continue our quality initiatives within our employee benefit plan audit practice and demonstrates our continued commitment to deliver the reliable, accurate information you need to prepare your plan’s summary annual report and confidently manage your plan.  


For more information visit the Employee Benefit Plan Audit Quality Center at http://www.aicpa.org/EBPAQC. 

ERISA Compliance

Our benefit specialists guide employers through the daunting list of reporting, disclosure, fiduciary and qualification requirements imposed under ERISA and enforced by the IRS and Department of Labor. We work diligently to ensure that employers optimize their plan benefits.

Timely Reporting and Disclosure

We have the specialized expertise required to prepare annual Form 5500 filings on qualified employee benefit plans - including plans that require financial statement audits, welfare benefit plans, premium-only conversion plans, pension plans and flexible spending arrangements. We also support clients who prefer to prepare their own filings. As trusted benefits advisors, we are frequently asked to review plans to determine if all government filing requirements are being met. It's a role we are privileged to uphold.

Streamlined Plan Design and Administration

Drawing on "next practices" in plan design and administration, we introduce techniques that streamline plan administration, save employers time, and reduce costs. We also are adept at assessing and improving internal controls to prevent misuse of benefits and ensure regulatory compliance.

Employee Benefit Plan Audits

Our audit team is uniquely qualified to meet the special requirements of employee benefit plan audits. The team has received ongoing training in this area and performs dozens of audits every year. We understand the implications of ever-evolving ERISA and IRS requirements on the audit process. We go beyond the traditional audit of assets and liabilities to test plan compliance with eligibility, contribution, vesting, forfeiture and distribution provisions. We are respected for our thoroughness and objectivity.

Audits of Service Organizations

Our audit team is well versed in audits for service organizations. Those audits verify that internal controls are in place and working as designed - with reports used to supplement the control testing at the plan level.

Audit Design and Testing

Our audit team is skilled in the highly specialized area of audit design and testing requirements. Unlike firms that have limited experience in benefit plan design, we work with a wide variety of benefit plans across all industry sectors. In keeping with our client-centered approach, we always look for opportunities where a "limited scope opinion" could replace a full audit, saving our clients paperwork and significantly reducing their audit costs.

Expert Tax Reporting and Compliance

Every member of our Employee Benefit Plans Group understands the complex tax reporting requirements and compliance issues impacting benefit plans. We augment our broad knowledge with specialized advice from our Tax Services Group, especially when detailed research is in order.

Financial Statements That Comply and Inform

Employers rely on our specialized expertise to prepare financial statements that meet ERISA's supplemental reporting requirements and conform with rigorous AICPA guidelines. We earn their loyalty by making mandated statements both readable and useful to our clients. This added value helps businesses make more informed decisions regarding the design and management of their plans.

Employee Benefit Plan Consulting

Our employee benefit consulting team works with clients on a one-time project or an ongoing basis, depending on the scope of their concerns. We often collaborate with other talent in our firm, including members of our Human Resources Advisory Services Group, who have a broader perspective of benefits planning and employee retention.

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