PKF O'Connor Davies Accountants and Advisors
PKF O'Connor Davies Accountants and Advisors
Services

Employee Benefit Planning and Tax Compliance

The key to a successful organization? Hiring and retaining top talent. Employees are among a firm’s most valuable assets, and it’s absolutely essential to provide attractive — yet cost-effective — employee benefit plans.

That’s where employee benefit planning and tax compliance come in. Crucial for attracting and retaining top talent, they also help safeguard your company’s financial efficiency. With careful planning, it’s possible to provide competitive benefits while securing complex regulations compliance to avoid costly penalties. Effective compliance supports organizational stability and fosters trust among employees (as well as regulatory bodies).

At PKF O’Connor Davies, we are committed to assisting our clients in the development of programs that deliver meaningful employee benefit plans while fulfilling complex regulatory requirements from multiple government agencies. To effectively understand and address the ever-changing financial, management and compliance landscape, our specialists remain current on new regulations and emerging employee benefit plan options. We help clients take full advantage of new opportunities — while ensuring compliance with all reporting requirements, including employee benefit audits — as employee law evolves. 

For programs that deliver meaningful benefits and fulfill complex regulatory requirements, trust our team to provide specialized employee benefit plan audit and tax services.

We offer practical solutions to address a range of issues and concerns and provide representation, guidance and support on compliance matters involving the IRS and the Department of Labor, including employee benefit and tax compliance.

Count on PKF O’Connor Davies for a full range of employee benefit and audit services, including:

  • 401(k)
  • 401(a)
  • 403(b)
  • 457(b)/(f)
  • Cash balance
  • Defined benefit
  • Employee stock ownership plans (ESOPs)
  • Health and welfare plans
  • Multi-employer plans
  • Non-qualified deferred compensation plans
  • Profit sharing
  • Voluntary employee benefit association (VEBA)

Tax Advisory Services

  • Form preparation: 5500 and required schedules, Voluntary Compliance Program (VCP), Delinquent Filer Voluntary Compliance Program (DFVCP), VFC applications to IRS & DOL 8955-SSA, 5330 – Excise Tax, 720 PCORI Fees (self-insured plans), including HRA plans, ACA
  • Tax issues, questions and reporting
  • Plan document reviews: 403(b) and 457(b)
  • Plan compliance reviews
  • IRS/DOL representation for examinations
  • Nondiscrimination testing, including 125 cafeteria plans and self-insured plans
  • Termination plan procedures and find missing participants
  • Rabbi Trust document creation
  • Registration statement filing with the DOL
  • Prepare “Wrap” plan documents and Summary Plan Descriptions
  • VEBA trust issues
  • Nondiscrimination testing for group term life insurance

By integrating the latest in employee benefit and tax compliance strategies, we help clients meet the needs of their workforce while successfully navigating the complexities of the regulatory environment. Establishing a new program or undergoing a new employee registry benefit audit? PKF O’Connor Davies is your trusted partner for comprehensive employee benefit plan solutions.