Labor Unions and Employee Benefits

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

The professionals at Armao LLP understand the unique needs Municipal 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 offered by our professionals and the firm’s ability to identify and correct vulnerabilities that threaten their financial position and often, their credibility.

The substantial portion of firm’s 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, Armao LLP professionals are expert at bringing savings and protection to the firm’s Labor Union and employee benefit plan clients.

The firm’s 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.

Armao LLP’s services to unions include:

  • Audits of financial statements
  • Directive 12 reports
  • 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

Armao LLP’s 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