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 across Manhattan, Kansas and the surrounding region 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.

401(k) Plan Audits

We provide comprehensive 401(k) and employee benefit plan audits designed to meet Department of Labor requirements.

  • 401(k) plan audits
  • Defined contribution plan audits
  • Defined benefit plan audits
  • Audit-ready financial statements

ERISA Compliance

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

  • ERISA compliance reviews
  • Plan documentation evaluation
  • Fiduciary compliance guidance
  • Regulatory reporting assistance

Plan Financial Reporting

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

  • Benefit plan financial statements
  • Participant reporting support
  • Financial data reconciliation
  • 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
  • Compliance planning

Why Employee Benefit Plans Choose Varney

We’re not just accountants—we’re trusted advisors who understand the unique financial realities of agriculture 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

"Varney understands the financial realities of farming and has helped us make better decisions for our operation."

AGRICULTURE CLIENT

"Their team provides clarity around our numbers so we can focus on running the farm."

AGRIBUSINESS OWNER

"Working with Varney has given us confidence in our financial planning for the future."

FARM OWNER

Frequently Asked Questions About Benefit Plan Audits

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

A 401(k) 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.