Collaborative partnership.
Client: Global Marine Shipping & Transportation
Schneider Downs Service: ERISA Audit
How it Started
In 2021, Schneider Downs was contacted by a company that had missed its most recent ERISA filing date by several months, creating significant frustration with their current provider. Although Schneider Downs was not local to their area, the client reached out to us at the recommendation of their actuary. When he asked us to propose their ERISA audits, the prospect made it clear: his top priority was filing timely this year. We were determined to deliver.
Charting a New Course
After our initial meeting, we knew this audit required an especially proactive approach. Generally, due to the extensive third-party coordination and client onboarding tasks that come with a first-year ERISA audit, making granular predictions about specific timing can be tricky. However, to ensure the client felt confident they would file on time, we carefully outlined and committed to a detailed timeline of our audit plan in April.
To ensure we delivered on the promised timeline, we conducted biweekly calls with the client in June, even though fieldwork didn’t start until August. When we did begin fieldwork, which we conducted remotely, we upped the cadence of our calls and communicated regularly with the client through issuance—which occurred with time to spare.
How it's Going
Since successfully completing their ERISA audits, we’ve developed a strong partnership with the client. As they continue to grow, we are here to provide complimentary and general advisory services. Today, because we’ve demonstrated their priorities are our priorities, we’re the first to know whenever a change occurs within their organization. They know we’ll always pick up their call.
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Collaborative partnership.
They are always willing to help and feel more like an extension of your team rather than a vendor
The People, they make the firm successful… their knowledge is what I look for in an accounting firm.
The people and their in depth knowledge and caring
They are always professional and provide timely insights when asked.
Audit and tax teams are very responsive and provide valuable insight.
They act as if they are part of our team which is greatly appreciated.
The people I have dealt with have always been great, attentive, and eager to help when needed.
We had the pleasure of working with an exceptionally professional and knowledgeable team on our SOX 404 audit for the 2024 cycle. The team navigated the complexities of a first-year review with precision and efficiency. They stayed on budget, which was no small feat given the scope and depth of the work involved.
As an entrepreneur that has started and sold multiple businesses, my Schneider Downs team have provided the highest quality expertise when filing personal and corporate tax returns and when I sold my businesses. Their guidance saved me hundreds of thousands of dollars in tax savings, while ensuring compliance with Federal and State laws. They listened to my concerns and answered my questions in a timely manner, providing options and recommendations that ultimately made these very complex transactions simple and understandable. This team proved to be indispensable partners to me, my leadership team, and my family, and I highly recommend Schneider Downs to any business owners, small or large.
Schneider Downs’ engagement teams are hand-selected by our shareholders based on skill sets and experience and are available around the clock for consultation. Each attestation engagement is subject to our comprehensive quality control and risk management system, providing an independent review of audit opinions, related financial statements and significant underlying working papers, to ensure that the highest levels of professional standards are met.
To learn more, visit our dedicated Audit and Assurance page.