Sassetti LLC

AUDIT SERVICES
Employee Benefit Plans
From participant eligibility and compensation determination to taking too long to transfer withholdings, there are many ways that plan providers can inadvertently run into problems that could result in penalties or other required contributions. Working with experienced auditors that understand the complexities and that can provide support throughout the year can save you headaches and errors during the audit. When errors are discovered, we can help guide providers through the correction process.
SASSETTI
Beyond Accounting.
Insight, strategy and expertise for what comes next.
EMPLOYEE BENEFIT PLANS
Comprehensive Retirement Plan Services.
Specialized audit experience and practical guidance to help plan sponsors address reporting requirements, regulatory expectations and the responsibilities that come with managing employee benefit plans.
Form 5500 ↗
We work with a wide range of clients, including nonprofit organizations with 403(b) plans, medium-sized businesses and other professional service entities with 401(k) plans, as well as publicly traded companies required to file an 11-K. Your plan can also benefit from our extensive network of service providers, including administrators, attorneys and investment managers.
The Department of Labor continues to place employee benefit plans under significant scrutiny. Employee benefit plan audits are subject to ERISA requirements, making it increasingly important for plan sponsors to stay current with their reporting obligations and fiduciary responsibilities.
PLAN EXPERIENCE
Plans We Support
401(k) Plans
403(b) Plans
Form 11-K Filings
ERISA Plans

EMPLOYEE BENEFIT PLAN EXPERTISE
Experience Across Every Type of Plan.
Employee benefit plans come with unique reporting requirements, compliance considerations and risks. Our team brings specialized experience across a wide range of plans and circumstances.
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01
Defined Benefit Plans
We assess the risks associated with Defined Benefit Plans and provide valuable insights and recommendations to support regulatory compliance and secure employee retirement benefits.
401(k) Audits
403(b) Audits
02
Preparation of Financial Statements
Our team provides customized solutions, including outsourced preparation of Form 11-K financial statements, to support compliance with applicable accounting standards and improve accuracy.
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Public Companies
Sassetti provides specialized employee benefit plan audit services for organizations with Form 11-K filing requirements. Our team helps evaluate financial reporting and internal controls while supporting DOL and SEC requirements.
Learn more →
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Health & Welfare Benefit Plans
Our team helps organizations address the financial reporting and regulatory requirements surrounding health and welfare benefit plans while identifying potential issues and strengthening reporting.
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Initial Audits
Whether your plan is newly formed, has crossed the audit threshold, or is undergoing a merger or transfer, our team provides specialized support to help you navigate regulatory requirements and maintain the integrity of your plan.

EMPLOYEE BENEFIT PLAN Q&A
Questions Plan Sponsors Ask Us.
From determining when an audit is required to understanding filing deadlines and selecting the right auditor, here are answers to some of the questions we hear most often.
01
When does my plan need an audit?
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When the number of eligible participants in a plan goes over 120 as of the beginning of the year, the plan is required to have an audit. So long as the plan stays over 100 going forward, the plan will continue to need to be audited.
02
When is the audit due?
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Form 5500 is initially due seven months after year-end. An automatic extension is available for an additional three and a half months. For calendar-year plans, those deadlines are generally July 31 and October 15.
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What should I consider when selecting an auditor?
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SECURE 2.0
SECURE 2.0 introduced significant changes to employee benefit plans and created new considerations for both employers and employees. Staying informed about these requirements and their effective dates is an important part of maintaining a compliant and well-managed plan.
EBPAQC MEMBER
A Commitment to Audit Quality.
Our employee benefit plan auditors provide timely, competitively priced services while also identifying opportunities to strengthen compliance and internal controls.

Members of our team participate in the Illinois CPA Society Employee Benefit Plan Committee and Benefit Plan Conference Planning Committee, helping us stay current as requirements and best practices evolve.
Learn More →
NATIONAL RESOURCES. LOCAL ATTENTION.
Experience Counts.
Our deep experience with employee benefit plans is supplemented by Sassetti's membership in the BDO Alliance USA, providing access to additional technical resources, specialized knowledge and national perspective that can be shared with our clients.

Meet the Experts

Our team members have spent a lot of time problem-solving for a variety of industries. Their expertise is unmatched and they are driven and excited about new challenges.

Amy Urnikis Headshot

Aimee Urnikis

Partner

Izabela Poludniak Headshot

Izabela Poludniak

Partner

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Marvin Salaysay

Partner