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Specialized Expertise for Benefit Plans | Our Full Range of Benefit Plan Services

Specialized Expertise for Benefit Plans

To be most responsive to our clients' needs, Lindquist LLP partners are trained as Employee Benefit Plan and Fund specialists. Some of these partners serve on committees of the American Institute of Certified Public Accountants (AICPA) and the International Foundation of Employee Benefit Plans (IFEBP), which have focused on emerging issues that affect Benefit Plans. Since representatives of the U.S. Department of Labor and Internal Revenue Service also serve on these committees, our Firm is well positioned to shape the development of government regulations and financial reporting standards for Employee Benefit Plans.

In addition, our professional staff receives extensive training relating to audits of Employee Benefit Plans through AICPA Employee Benefit conferences, state CPA society seminars, self-study courses, and in-house training led by Lindquist LLP's Employee Benefits specialists.

Through our extensive experience with these professional organizations, our professional staff has developed an "insider's view" of the accounting and compliance aspects affecting employee benefit plans. This experience adds a vital dimension to the breadth and unsurpassed quality of our professional services.

 

 

Employee Benefit Plan Audit Quality Center

To demonstrate our commitment to our Employee Benefit Plan practice, Lindquist LLP joined the Employee Benefit Plan Audit Quality Center of the AICPA. In order to join the Quality Center, our Firm met certain practice management requirements in the areas of training, quality control, and self-monitoring.

The Quality Center provides member firms with best practices, tools, and guidance in all aspects of employee benefit plan auditing. We believe that having additional resources at our disposal will help us to better serve our clients.

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Our Full Range of Benefit Plan Services

  • Audit of Financial Statements
  • Payroll Compliance Audits
  • Claims Audits
  • Preparation of Government Statements
  • Computation of Bonding Requirements
  • Insured vs. Self-Funded Medical Benefit Feasibility Studies
  • Cost Allocation Studies
  • Review Trustee Expenses

Lindquist LLP is recognized as a leader in the service of Employee Benefit Plans. Our Firm serves as independent auditors to approximately 200 multiemployer and single-employer plans with total assets of over $42 billion and annual benefit payments in excess of $3 billion. These clients range in size from fewer than 200 to over 500,000 participants.

The following are types of employee benefit plans Lindquist LLP currently services:

  • Multiemployer - Welfare Plans
  • Multiemployer - Pension Plans
    • Defined Benefit
    • Defined Contribution
    • 401(k)
  • Multiemployer -Other Plans
    • Vacation
    • Savings
    • Legal
    • Apprentice
    • Scholarship
    • Security
  • Single Employer - Welfare Plans
  • Single Employer - Pension Plans
    • Defined Benefit
    • Defined Contribution
    • 401(k)

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