Employee Benefit Plans

Graff, Blanski & Kim, a Chicago-area CPA firm, perform the smallest single-employer 401(k) plans to the largest multi-employer pension and health and welfare plans.

Graff, Blanski & Kim, a Chicago-area CPA firm, audits employer 401(k) plans and multi-employer pension and health/welfare plans.

Graff, Blanski & Kim has been a member of the American Institute of Certified Public Accountants’ Employee Benefit Plan Audit Quality Center in good standing since 2004. The Center requires its member firms to maintain the highest standards in performing employee benefit plan audits and also requires extensive staff continuing education. The Center helps its member firms perform quality audits providing resources and guidance to help them navigate the increased complexity of employee benefit plan audits.

We Audit Employee Benefit Plans of Any Size and Type

We’re also a member of the International Foundation of Employee Benefit Plans which helps keep us current with best practices for employee benefit plan audits. Having the support of these two organizations enables our firm, Graff, Blanski & Kim to perform Employee Benefit Plan audits of any size or type from the smallest single-employer 401(k) plans to the largest multi-employer pension and health and welfare plans.

Regardless of size, virtually all plans are subject to the reporting requirements of the Employee Retirement Income Security Act of 1984 (ERISA) under the regulatory authority of the U.S. Department of Labor. Generally, federal law requires employee benefit plans with 100 or more participants must be audited as part of their annual obligation to file Form 5500.