Benefit Plans Group
Legacy Professionals LLP serves as independent auditor to hundreds of collectively bargained, multi-employer and single-employer benefit plans. Our employee benefit plans practice group consists of professionals who have spent their careers serving employee benefit plans. As a result, they are able to offer valuable recommendations and share best practices with clients.
The employee benefit plans we audit include both Defined Benefit and Defined Contribution Pension Plans (including 403(b) plans), Health and Welfare Benefit Plans, and other funds established through Labor and Management Collective Bargaining efforts, such as Legal Assistance Funds, Annuity Funds, Severance Funds, and Scholarship Funds. Although not technically a benefit fund, we also audit a number of Political Action Committees (PACs).
Legacy Professionals LLP serves as independent auditor to hundreds of collectively bargained, multi-employer and single-employer benefit plans. Our employee benefit plans practice group consists of professionals who have spent their careers serving employee benefit plans. As a result, they are able to offer valuable recommendations and share best practices with clients.
The employee benefit plans we audit include both Defined Benefit and Defined Contribution Pension Plans (including 403(b) plans), Health and Welfare Benefit Plans, and other funds established through Labor and Management Collective Bargaining efforts, such as Legal Assistance Funds, Annuity Funds, Severance Funds, and Scholarship Funds. Although not technically a benefit fund, we also audit a number of Political Action Committees (PACs).
Payroll Compliance Audit Services
Legacy's payroll compliance audit department plays a key role in our ability to serve our employee benefit plan clients. We recognize the importance of payroll compliance audits for multi-employer benefit funds, and as a result we have developed an extensive payroll compliance audit program. Click here to learn more about our payroll compliance audit services.
AICPA Employee Benefit Plan Audit Quality Center
Legacy is a member of the American Institute of Certified Public Accountants (AICPA) Employee Benefit Plan Audit Quality Center for CPA firms. Membership in the Quality Center assures that the Firm keeps up-to-date on the best practices, guidelines, and tools CPAs need to perform quality benefit plan audits and better serve their clients. Legacy Partner Eileen Brassil, CPA serves on the Quality Center's Executive Committee. The Executive Committee establishes the Quality Center's general policies and oversees its activities.
As a member of the Quality Center, Legacy Professionals LLP has a designated partner who is responsible for the benefit plan audit practice, establishing firm-wide training and quality control programs, performing annual internal inspection procedures, and making the Firm's peer review report findings publicly available. All of these measures ensure high standards for the benefit plan audit practice of the partners and staff of Legacy.
International Foundation of Employee Benefit Plans
Legacy is also a member of the International Foundation of Employee Benefit Plans (IFEBP), where our partners serve on committees as well as speak at and attend educational conferences and workshops, including the IFEBP's Annual Conference.
We are also proud to serve as the auditor for the IFEBP.
Click here for more information about our services to employee benefit plans, or contact us at info@legacycpas.com.
