The U.S. Department of Labor (DOL) recently contacted employee benefit plan (EBP) administrators across the country to remind them of the importance of using a qualified plan auditor. We recognize this letter may be confusing or concerning to recipients, so we write today to provide some clarity.

The DOL sent this letter as a result of its recent study of audit quality, which found deficiencies in nearly 40 percent of employee benefit plan audits. You, however, can be confident in the quality of your EBP audit because you made the sound choice to partner with RKL.

Here are several reasons why you’re in good hands with RKL as your EBP auditor:

• We currently serve the auditing needs of over 180 employee benefit plans.
• RKL is a member of the AICPA  Employee Benefit Plan Audit Quality Center.
• Our EBP audit professionals are up-to-date with the latest ERISA requirements and the practices, rules and standards that apply to your plan.
• We deliver value beyond compliance with a comprehensive approach to maximizing your plan’s effectiveness.

To further illustrate the importance of hiring a quality auditor, the AICPA offers an informational guide on the topic.

We appreciate the opportunity to serve your EBP audit needs, and we’re proud of our long track record of helping plan administrators maintain compliance.

If you have additional questions about this letter or about your employee benefit plan audit, please contact your RKL service provider.

Sincerely,

Your RKL Employee Benefit Plan Audit Team