Benefit Administration Services

We deliver each of our services through a team of financial professionals who adhere to the highest standards of our industry. And when you become a DMJ & Co., PLLC client, everyone on our team works for you.

Let’s get started today. 

Benefit Administration Services

We deliver each of our services through a team of financial professionals who adhere to the highest standards of our industry. And when you become a DMJ & Co., PLLC client, everyone on our team works for you.

Employee Benefit Plan Services

Commitment to Employee Benefit Plan Services

DMJ’s employment benefit plan services include administration and government reporting for a variety of plans. We also perform employee benefit plan audits and ERISA audits of the plan′s financial statements and Form 5500 (if required). Administration includes the discrimination testing for the plan required by the regulations. DMJ does not provide plan documents or direct plan investments, but we do maintain a close business relationship with a local attorney who is skilled in the field of employee benefits. Overall, our employment benefit plan services can provide clients assistance with plan selection, design, administration, and reporting.

Tax and Legal Considerations

All retirement plans and certain health and welfare plans are subject to the Employees Retirement Income Security Act of 1974 (ERISA). The IRS and the Department of Labor work together to monitor the majority of employee benefit plans. ERISA has been amended by several tax laws, including TEFRA, DEFRA, REA, and TRA86, among others.

Addressing Any Issues

When an employer adopts an employee benefit plan, there can be unexpected consequences. While positives such as providing tax-deferred benefits to employees and reaping improved employee morale and loyalty are likely, other results may occur, and you may run into some snags. 

For example, an insurance company might sell a plan and fail to mention the requirements for regular plan administration and government reporting. We recognize the knowledge of insurance agents and investment brokers in their respective fields, but just as you would not request medical advice from your accountant, we urge you to contact employee benefit plan service specialists for guidance in this area.

Inaccurate reporting of employee benefit plans and non-compliance with regulatory requirements can lead to the imposition of costly penalties on your company. DMJ & Co., PLLC’s employee benefit plan services will ensure your company’s reporting is accurate and in compliance with DOL and IRS regulations to help businesses fulfill their fiduciary responsibilities and avoid costly penalties due to unintentional violations.

How DMJ Promotes Benefit Plan Audit Quality 

DMJ’s employee benefit plan service is committed to achieving the highest quality audits possible. Our employee benefit plan audits are conducted with a full understanding of the risks associated with your fiduciary responsibilities. DMJ’s team of tax and accounting specialists works closely with local attorneys to ensure your employee benefit plan is accurate, compliant, and meets the latest professional standards. 

DMJ has decades of experience helping fiduciaries with plan selection, design, administration, and reporting. From disability to employee stock ownership plans, our team of specialists can assist clients with a wide variety of employee benefit planning services. DMJ’s team of employee benefit plan audit professionals will work closely with fiduciaries to help them navigate the ever-changing landscape of welfare and pension plans and ensure compliance with all new reporting requirements.

DMJ’s employee benefit plan service can assist clients with:

Retirement Plans:

  • Profit Sharing Plans
  • Money Purchase Pension Plan
  • Employee Stock Ownership Plans
  • Age-Weighted Plans
  • 401(k) Plans

Welfare Plans:

  • Health Care Plans
  • Cafeteria Plans
  • Disability Plans
  • Dependent Care Plans

Work With DMJ to Prevent EBP Audit Deficiencies

Working with professional advisors is crucial to prevent deficient employee benefit plan audits. DMJ’s professional employee benefit plan services will help you produce quality audits that are accurate and compliant with the latest IRS and DOL regulations. If you want to reduce the risk of ERISA compliance violations, DMJ can help. Contact us now to learn how DMJ’s employee benefit plan audit services can help ease your fiduciary responsibilities.