Employee Benefit Plan Audits

An employee benefit plan audit is an independent examination of a plan’s financial statements, attached to the plan’s annual Form 5500 filed with the Department of Labor. The audit protects participants and gives the plan sponsor assurance that the plan’s assets, contributions, and benefit payments are fairly stated. It is a fiduciary responsibility, and the platform and methodology behind the work shape how fast and how painless the process is.

Plans come in many forms, and each carries its own rules. Modus helps you get 401(k) and 403(b) plan audits, defined benefit and pension plan audits, and defined contribution plan audits of every kind. Modus also supports Employee Stock Ownership Plan (ESOP) audits, health and welfare benefit plan audits, and multiemployer (Taft-Hartley) plan audits jointly governed by labor and management. Modus helps you get ERISA Section 103(a)(3)(C) audits where a qualified institution certifies investment information, and supports the full Form 5500 filing process, including first-year audits for plans crossing the participant threshold for the first time.

Modus helps you get benefit plan audits done at the speed of business. Its AI-native platform automates the most time-intensive fieldwork, which is how a Modus-supported audit can target a turnaround of roughly four weeks. Workpapers are source-linked, so each figure traces directly back to the document that supports it.

That discipline changes your experience. Modus’s technology cuts the document requests and questions your team fields, so your finance function faces less disruption during the audit.

• Top-firm audit rigor at a middle-market price.
• A target turnaround of roughly four weeks, so filing deadlines stay comfortable.
• Source-linked workpapers that trace every figure back to its supporting document.
• Up to roughly 50% fewer questions and up to 40% less time your team spends on compliance.
• Deep experience across every major plan type governed by ERISA.