Employee Benefit Plans

MSPC has been providing auditing, government filing compliance and consulting services to plan sponsors, trustees and administrators of multiemployer benefit plans since the passage of the Taft-Hartley Labor Act in 1947. With the birth of ERISA in 1974, MSPC entered into the single and multi-employer plan arena.

Protecting Single and Multi-Employer Plans Since 1947

Our clients include benefit plans with participants ranging from 200 to 50,000; many of them go back to their initial year of inception upon receipt of the approved determination letter from the IRS.

For further information on how we service Employee Benefit Plans, contact Patrick Trombetta.

Audit, Review and Compilation of Financial Statements
Governmental Filings (5500, 990, LM-2, etc.)
Payroll Audits
Annuity Fund Yield Calculations
Plan Consolidations/Mergers
Plan Valuations
Projections and Trend Analysis
Software Design, Installation, and Implementation, including contribution and member information, benefit payments, and annuity and vacation fund participation statements
Special Projects and Studies
Tax research

Blog Post: 401(k) Hardship Distributions

In 2018, H.R. 1892, the Bipartisan Budget Act of 2018 (the “Act”) was signed into law. This Act includes changes affecting hardship distributions from 401(k) plans. Learn what you need to know about the changes and how they may impact you or your plan members.

Payroll Compliance Audits

In addition to serving as independent auditors for our multiemployer benefit fund clients, MSPC has a separate professional staff dedicated exclusively to performing payroll compliance audits.

Our relationship with labor organizations and their related benefit plans has allowed us to assist trustees in the contribution collection process. We take pride in offering this quality service to our clients in assisting them with meeting their fiduciary responsibilities under ERISA.

Customized Payroll Compliance Audits

MSPC fully recognizes the importance of Payroll Compliance Audits. Our dedicated staff is fully trained to understand the unique terms of each of our clients’ collective bargaining agreements. Each of our engagements is customized to meet the specific needs of the client. Our extensive experience allows us to perform procedures in a cost efficient manner which includes an exit interview with the employer’s personnel to assist them in properly reporting to the Benefit Plans.

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Partner with MSPC for Employee Benefit Plans

Is Your Plan Compliant?