Employer Compliance/Payroll Audits

Employer contributions to an employee benefit plan represent a significant, if not the most significant, source of revenue to an employee benefit plan and these contributions are paid by employers on a “self-assessed” basis. That is, it is the employer that determines for which employees, for what hours or months, and when, contributions are required to be paid to the plan. As a result, employers often over pay or under pay contributions based on the employers erroneous interpretation of the collective bargaining or other agreement requiring these plan contributions. A properly-established employer payroll auditing program will satisfy the plan administrator’s fiduciary responsibility to ensure that an employee benefit plan is collecting the contractually correct amounts of contributions from its contributing employers.

Our over 40 years of experience in performing employer compliance audits and developing our capability to provide this service, has given the MKA team a keen understanding of collective bargaining agreements, plan documents, and the common misunderstandings and misinterpretations that result in underpaid or overpaid employer contributions.

For additional information: contact us