Over 50 Years of Accounting Excellence
Frost PLLC provides a number of services and oversight for employee benefit plans, including planning, implementation, and administration, helping your business maximize tax benefits while remaining compliant with regulatory bodies. In addition, Frost performs required audits on employee benefit plans across the country.
Determining which employee benefit plan is best for your organization depends on a number of factors. Frost PLLC can provide your business with a customized plan based on your operational needs, company size, operating jurisdictions, and more, ensuring you remain competitive and poised for growth with attractive benefits to offer the latest industry talent.
As a member of the American Society of Pension Actuaries and Accountants (ASPAA), our Third Party Administration team is held to a higher standard of compliance with current laws and regulations related to retirement plans. ASPAA members are required to stay up to date with the ever-changing laws related to retirement plans, and to ensure that our clients’ documents and policies remain compliant with those changes.
We are a full-service firm, offering design, implementation and administration of a variety of defined contribution (i.e., Profit Sharing and 401k) plans, including Solo 401(k) plans for one-owner companies with no employees. We also consult with clients regarding taking over existing retirement plans or terminating plans that are no longer active due to the shutdown, sale or merger of the sponsoring employer.
Frost PLLC also offers Audit services for health & welfare plans that cover more than 100 lives, as well as for retirement plans that have more than 100 participants with balances. For health & welfare plans, the Third Party Administration team can assist with preparing the required Form 5500 in conjunction with the Audit team’s services.
As a member of the American Institute of Certified Public Accountants (AICPA) Employee Benefit Plan Audit Quality Center, Frost PLLC is required to maintain specialized training and policies related to employee benefit plan audits. Our services are also subject to periodic audits by members of the AICPA, ensuring our clients receive the best advice and value from our employee benefit and retirement plan services.
Operating an organization and maintaining retirement and benefit plans requires intimate knowledge of regulations and annual requirements. Frost PLLC’s Third Party Administration services ensure your business meets plan obligations and filing requirements as laid out by the IRS and DOL.