Taft-Hartley Multiemployer Plan Audits
Multiemployer benefit plans established under the Taft-Hartley Act and jointly administered by a board of trustees are subject to some of the most rigorous oversight in the employee benefits world. When your plan covers 100 or more participants, federal regulations generally require an annual audit as part of your Form 5500 filing. These audits are essential—not only for compliance with the Employee Retirement Income Security Act (ERISA)—but also for demonstrating to participants, bargaining parties, and regulators that the fund is being managed prudently and in the sole interest of its members.
At Waypoint Partners, PLLC, we understand the unique responsibilities that come with jointly administered funds and the fiduciary duties borne by a board of trustees. Our experienced team conducts thorough audits that not only meet Department of Labor (DOL) requirements, but also give trustees clear, actionable insight into contribution collections, benefit payments, and the fund’s internal controls.
Taft-Hartley Audit Services Include:
- Defined benefit and defined contribution pension plan audits
- Health and welfare plan audits
- Apprenticeship and training fund audits
- Employer contribution and participant eligibility testing
- Benefit payment, claims, and reserve testing
- Internal control evaluations and recommendations to the board of trustees
- Form 5500 and 990 preparation
- Payroll Compliance Audits
Accountability to Members. Assurance for Trustees.
We’ve helped boards of trustees and fund administrators navigate the audit process with accuracy, efficiency, and confidence. Our goal is to make your plan audit as smooth and value-driven as possible—so you can focus on delivering secure, well-run benefits to the members who count on them.
Interested in learning more about our Taft-Hartley plan audit services? Fill out our contact form below—we’re here to help.
