Comprehensive Employee Benefit Plan Services

Employee benefit plans are an excellent way to entice new talent and show your existing employees how much you're invested in them. However, selecting and managing employee benefit plans can be a daunting process, even for the most experienced business owners. Even a seemingly simple mistake in the management of a plan can result in costly fines and penalties.

That's why at Blankenship CPA Group, PLLC, we're proud to offer time-tested employee benefit plan services to Nashville and downtown Nashville business ventures. You can breathe easy knowing that our skilled and talented group of CPAs will help eliminate guesswork and streamline the entire process. Our team can't wait to meet you and implement plans that boost your company in more ways than one. Reach out to us today for your free initial consultation and get the professional employee benefit plan help you need!

Call: (615) 992-9222 Book a Consultation

Do I Need Employee Benefit Plan Services?

Selecting and overseeing employee benefit plans can be a complex process, even for experienced small and medium-sized business owners. At Blankenship CPA Group, PLLC, we began offering our employee benefits plan services with the idea that you don't have to deal with multiple firms to provide your employees with robust benefit plans.

Our employee benefit administration division includes various in-house professionals who bring decades of experience to your corner, including third-party administrators, ERISA attorneys, plan custodians, and independent stock appraisers. As such, our team of CPAs works to simplify the complex so that you can focus more on what matters most. Above all else, our services are adaptable, as we can cater to your needs whether you require an EBP audit of your employee benefit plans or want our entire suite of offerings.

Our Extensive Employee Benefit Plan Assistance

Over the years, we've listened closely to the needs of our clients and taken the time to improve our employee benefit plan services. You can rest assured that we'll adapt our services to meet your venture's unique requirements. When you first meet with our CPAS, they'll ask you various questions. Do you already have employee benefit plans in place? Do you employ more than 100 employees? Do you want to take a hands-on or hands-off role in governing your plans?

From there, our team will present you with your personalized benefit plan suite, which may include:

Plan Auditing: As part of our services, we can handle the entire auditing process. Our team will work with you to determine if your employee benefit plans require auditing. Plans ranging from 401(k) to 403(b) are subject to auditing requirements by the Employee Retirement Income Security Act of 1974 or ERISA. During an audit of your plan, we take an in-depth look at your plan's financial statements and determine if they comply with regulations. Although an audit is needed to comply with regulations, it can also be used to improve efficiency and tighten controls.
Plan Selection: At Blankenship CPA Group, PLLC, we can assist you with selecting an employee benefit plan that draws prospective employees to your company and helps retain the talent that you do have. Our team will help you assess your employee's needs, analyze coverage options, and evaluate program costs. Some of the types of employee benefit plans we have experience administering include 401(k) plans, 403(b) plans, employee stock ownership plans, health and well-being plans, and defined pension plans.
Plan Management: No matter what plans you select for your employees, it's crucial that you have the proper management in place to oversee them. We'll work to ensure that your plan's terms are clearly defined for your employees and that they are compliant with regulatory changes. Above all else, we can help you gauge whether your plans are meeting your employees' needs and if selecting new plans may be in your best interests.

Employee Benefit Plans FAQs

It's normal to have questions about our services. That's why our friendly and informative team is here to answer any that you have them. Some of the most frequently asked questions about our employee benefit plans include:

What is a defined benefit plan?

A defined benefit plan is an employer-funded benefit plan that provides employees with a specific monthly benefit upon retirement. It can either promise the benefit at a dollar amount or an amount specified by a formula.

Can you assist me if I already offer my employees plans?

Yes. Our services aren't just isolated to plan selection; we can also assist you with administering your plans and auditing them.

How often should I review my plans?

We recommend that you review your employee benefit plans annually. However, our team will take the stress out of the entire process so that you only have to focus on the end results.

Dependable Employee Benefits Services

At Blankenship CPA Group, PLLC, we provide skilled downtown Nashville employee benefit plan services for businesses. Whether you need help with administering your plans or selecting them, we're here for you. We can't wait to meet you and serve as your benefit plan partner for years to come. Contact us today for your free initial consultation!