Payroll Compliance Audits

Whether you’re a trustee, administrator, attorney or participant you need a firm that can aggressively and swiftly act to recover delinquent contributions for your Trust Fund. With NKSF, you can leverage our payroll compliance audit skills to enhance your Trust’s recovery objectives. An aggressive employer compliance audit program is essential to ensure that your Trust receives its fair share of contributions that were bargained for pursuant to a collective bargaining agreement.

With Nigro Karlin Segal & Feldstein, LLP, your Trust will benefit from our experience and dedication to payroll compliance auditing. The NKSF difference is directly related to our:

Experience

For over thirty years, NKSF has provided payroll compliance auditing services for the largest Trust Funds in the entertainment industry. The underlying Collective Bargaining Agreements in the entertainment industry are some of the most complicated and difficult to interpret. Our dedicated efforts in support of our clients have resulted in millions of dollars in recovered contributions that otherwise would have gone unpaid by employers. Underpayment of negotiated contributions has a direct negative impact on your Trust’s ability to provide promised benefits to participants.

Customized Approach

Starting with an audit program is a proven blueprint for success, NKSF tailors its audit programs to the distinctive needs and requirements of each of its clients. We will carefully study your underlying Collective Bargaining Agreement(s) and Trust Agreement(s) in order to identify procedures or processes that will be necessary to ensure a thorough, efficient payroll examination.

Dedication

NKSF partners and senior managers who work in this area are dedicated to payroll compliance auditing. It’s not simply an additional service that we provide – It’s what we do.

Our focus in payroll compliance auditing allows us to quickly develop a thorough understanding of your collective bargaining agreements. We pride ourselves on being attentive to our clients’ changing needs. We maintain a full staff of knowledgeable professionals dedicated to conducting employer compliance audits in accordance with the guidelines and procedures established by plan trustees. To best serve our clients, we monitor the progress of each program to maintain the most efficient and cost-effective audit process.

Results

At the conclusion of each engagement, we present a written report summarizing our findings; however, our work does not necessarily conclude with the presentation of the report. We also assist our clients in resolving differences with employers and, if necessary, negotiating settlements. Should the need arise, we will work with the trust funds’ collection attorneys and participate in expert witness testimony.

The following are examples of typical discoveries in our payroll compliance audit practice:

  • Incorrectly applied contribution rates
  • Miscalculation of hours worked
  • Misreporting of minimum or maximum hours
  • Miscalculation of compensation ceilings
  • Clerical errors
  • Misinterpretation of the Collective Bargaining Agreement
  • Incorrect employee classification
  • Incorrect reporting of employment periods

Educational Process

In addition to assessing the compliance of employers in making accurate and timely contributions, we view a primary role of our examination as educational. We believe that it is the duty of the auditing firm to educate and inform employers about systems weaknesses and to correct inaccurate interpretations of the Collective Bargaining Agreements. Our goal is to enhance employer compliance on a going-forward basis.

Other Payroll Compliance Services

In addition to payroll compliance auditing, we have expertise to provide other services, such as:

Evaluation of Internal Accounting Controls

Every investigation is designed to detect early warning signals that may not be apparent in the financial statements or in current collection procedures. Our evaluation of the control system will help you to assess the quality of controls currently in place, as well as recommendations for improvement. In light of recent and perhaps future legislation, it is imperative that your organization have proper internal controls in place.

Development of Audit Programs

We have consulted with many of our clients in developing internal audit policies, programs and procedures.

Current Clients Include:

  • Directors Guild of America Producers Pension and Health Plans
  • Screen Actors Guild Producers Pension and Health Plans
  • Motion Picture Industry Pension and Health Plan
  • Producer-Writers Guild of America Pension Plan and Writers Guild Industry Health Fund
  • American Federation of Musicians Fund
  • AFTRA Retirement Fund

In addition, NKSF provides services to the labor organizations affiliated with the above Trusts, including:

  • Directors Guild of America
  • SAG-AFTRA
  • Writers Guild of America
  • International Alliance of Theatrical and Stage Employees (IATSE)

NKSF also provides services to non-entertainment industry funds such as:

  • PacFed Benefit Administrators
  • Western Alliance Trust Fund

 

We believe our track record speaks for itself. To find out how we can help you fulfill your payroll compliance auditing needs, please call Denise Hart at (310) 229 5175 or Brian Meath at (310) 229 5178.

Services

SERVICES

  • Labor and Employer Trustees
  • Trust Administrators
  • Co-Counsel representing Trust Funds
  • Correct well-intended yet inaccurate interpretations of complex Collective Bargaining Agreements
  • Equitably resolve differences with employers
  • Facilitate maximum recoveries by working with Trust’s Co-Counsel
  • Negotiate settlements with contributing employers on the client’s behalf
  • Serve as expert witness
  • Educate on future compliance

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