Industries > Employee Benefits

Employee Benefit Plan Audit Services

You Focus on Your Participants. We'll Deliver Financial Assurance.

From 401(k) plan audits to ERISA compliance, our team supports employee benefit plans with specialized expertise.

Our Services for Employee Benefit Plans

Employee benefit plans must comply with strict regulations and reporting requirements. Our experienced team provides the audit and compliance services needed to ensure plans operate with transparency and accuracy.

Employee Benefit Plan Audits

We provide comprehensive employee benefit plan audits designed to meet Department of Labor requirements.

  • Employee benefit plan audits 
  • Defined contribution plan audits  

ERISA Compliance

Benefit plans must comply with the Employee Retirement Income Security Act (ERISA).

  • Fiduciary compliance guidance
  • Regulatory reporting assistance

Plan Financial Reporting

Clear and accurate reporting ensures transparency for plan sponsors and participants.

  • Benefit plan financial statements  
  • Internal control evaluations

Fiduciary Guidance & Advisory

We help plan sponsors and fiduciaries understand their responsibilities and manage compliance risks.

  • Fiduciary guidance support
  • Plan governance consultation
  • Risk management insights

Why Employee Benefit Plans Choose Varney

We’re not just accountants—we’re trusted advisors who understand the unique financial realities of HR managers in Kansas.

Clarity - Transparent reporting and audit processes

Trust - Experienced advisors for plan sponsors and fiduciaries

Expertise - Specialized knowledge of benefit plan audits

Efficiency - Organized audit processes that reduce disruption

Partnership - Advisors who support long-term compliance

"What stands out most is the level of professionalism and patience. We're not 401(k) or audit experts, so being able to ask questions and receive clear, understandable answers allows us to move forward with confidence. They're always educational, friendly, and willing to help."

-Bridget Seemann, HCI/JRI

"We've worked with Varney for. a couple of yars, and their level of expertise has been very helpful. The relationship is comfortable, communication is strong, and their efficient and timeliness have allowed us to move forward without delays. We feel very confident in the work they perform."

-Shawna gilmore, first state bank & trust tonganoxie

"The feedback from Varney on year-end items has been expecially valuable. Their oversight helps us improve accuracy across our entities, and their communication makes the entire process efficient and beneficial." 

-AUSTIN CASE, SKYWAY GROUP INC. 

Frequently Asked Questions About Benefit Plan Audits

Plans with 100 or more eligible participants typically require an annual audit under Department of Labor regulations.

An employee benefit plan audit examines a plan’s financial statements, contributions, distributions, and compliance with ERISA regulations.

Plan sponsors and fiduciaries are responsible for ensuring the plan operates according to regulatory requirements.

The timeline varies depending on plan complexity, but most audits are completed within several weeks once documentation is provided.

ERISA compliance protects plan participants and ensures retirement plans operate according to federal law.

Ready to Ensure Your Plan’s Compliance?

Our team is ready to support your benefit plan with expert audit and compliance services.