The government authority located in Queens, New York seeks a qualified vendor to provide audit services for its benefits plan and 401K accounts. The agency requires annual audits for two pension plans and one large 401K plan for the calendar years ending December 31, 2025, 2026, and 2027, with optional renewal years for 2028 and 2029. One pension plan is noted as frozen, while the other maintains 15% active participants. The 401K plan includes both employee and employer contributions, and in 2026, a Roth contribution option was also added.

The selected vendor will be responsible for conducting a prior year audit of the two pension plans annually, ensuring compliance with all relevant regulations such as ERISA, safeguarding plan assets, ensuring transparency and accountability, and identifying opportunities for improvement in plan management.