CRI’s benefit plan expertise puts us at the top of the class.
Nearly all businesses today have a benefit plan. Employer-sponsored plans, the most popular type, provide nearly 80% of full-time workers access and boast a participation rate of 80+ percent. With this level of popularity comes an increase in regulatory scrutiny—and the need for independent advisors who have done their homework and are familiar with the rules to support the plan sponsor.
Retirement plans possess many complex components: custodians, trustees, trading platforms, compliance administration, record keeping, and investments. CRI provides a comprehensive, one-stop shop for employee benefit plan planning and administration services. Meanwhile, benefit plans with more than 100 eligible participants are generally required to have an audit performed in accordance with the Employee Retirement Income Security Act of 1974 (ERISA). The DOL repeatedly states that it believes benefit plan audits require specialization and technical expertise – and cites auditor inexperience as one of the most common causes of benefit plan audit deficiencies.
CRI clients benefit from a streamlined approach delivered with open communication and efficient coordination resulting in accurate reporting and compliance. We deliver benefit plan services to smaller private companies, private and public middle market companies, and larger public companies. Since CRI is registered as a Public Company Accounting Oversight Board (PCAOB) firm, we also perform audits of Forms 11-K filed with the SEC.