Labor Unions and Employee Benefit Plans

Serving labor union and employee benefit plan clients with a thorough knowledge of their environment and particular service requirements.

The professionals at Armao, Costa & Ricciardi understand the unique needs labor unions have in planning for the future and protecting workers and their benefits. Throughout the years, union leaders have expressed satisfaction with the critical advice we offer and our ability to identify and correct vulnerabilities that threaten their financial position and often, their credibility.

A substantial portion of our practice is dedicated to the areas of accounting and consulting to labor unions and Taft-Hartley Multi-Employer Employee Benefit Plans. With sophisticated knowledge of the auditing and reporting requirements prescribed by governmental entities which include the Department of Labor, Internal Revenue Service, Pension Benefit Guarantee Corporation and Pension and Welfare Benefits Administration, along with ever-changing ERISA requirements, we are expert at bringing savings and protection to our labor union and employee benefit plan clients.

Our client roster includes local unions, district councils, defined benefit and contribution pension plans, self-insured, fully insured and combination health and welfare plans and related not-for-profit real estate holding companies.

Our services to Unions include:

  • Audits of financial statements
  • Agreed-Upon Procedures Engagements
  • Compilation of financial statements
  • Operational reviews
  • Consultation and advisement
  • Attendance at executive board meetings
  • Preparation of forms LM-2, 3 and 4; and 990

Our services to Employee Benefit Plans include:

  • Audits of financial statements
  • Agreed-Upon Procedures Engagements
  • Joint and indirect cost allocations
  • Compilation of financial statements
  • Operational reviews
  • Consultation and advisement
  • Attendance at board of trustees meetings
  • Employer Payroll Audits
  • Preparation of forms 5500, 990 and PBGC-1
  • Preparation of Summary Annual Reports