The Employee Retirement Income Security Act of 1974 (ERISA) requires certain employee benefit plans, such as defined contribution plans, defined benefit plans, and certain welfare benefit plans, to file Form 5500, Annual Return/Report of Employee Benefit Plan, with the Department of Labor and Internal Revenue Service.

Generally, plans with more than 100 participants at the beginning of the plan year are required to engage an independent accountant to audit the plan’s financial statements.  If an audit is required, a copy of the audited financial statements and required supplemental schedules must also be prepared and attached.

Rely on Melanson Heath to help you navigate the complexities of ERISA and ensure that your company is in compliance.  Melanson Heath is also a member of the Employee Benefit Plan Audit Quality Center (EBPAQC).  Our experienced staff will assist you in determining the regulatory requirements of your plan and accurately prepare the appropriate statements and schedules.