Employee Benefit Plans

Your business’ employee benefit plan not only provides benefits to your current employees, but can also be a crucial factor for recruiting and retaining quality staff members. In addition, your plan can play a significant role in your tax strategy.

Meet Our People
Teresa Mitchell, CPA

Teresa Mitchell, CPA

- CPA, CFP - Altamont, IL Office

Teresa works closely with her clients providing management services, tax strategy advice, and consultations regarding their daily business operations. Her specializations include farm clients, restaurant franchises, oil industry clients and a variety of small businesses. In addition to her CPA designation, Teresa is also a Certified Financial Planner and provides investment services, retirement planning and personal financial planning services.
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As regulations become more complex and competition for skilled staff members increases, benefit standards continue to shift. In today’s dynamic investment and regulatory environment, it is essential to engage skilled advisor to help you design, implement, manage and/or monitor your benefit plan. Rice, Sullivan & Co. Employee Benefits Group provides comprehensive third party administration for employee benefit plans. Our goal is to help clients realize the full value of their benefits plans and ensure they properly fulfill fiduciary obligations in accordance with compliance requirements.

Our team is qualified to perform plan audits and reviews, tax preparation and reporting services for employee benefit plans. As part of the American Institute of Certified Public Accountants’ (AICPA’s) Employee Benefit Plan Audit Quality Center (EBPAQC), our team will work closely with you to help ensure your compliance with state and federal regulations.

Our employee benefit plan services include:

  • Limited and full scope audit of employee benefit plans
  • Traditional plan design, implementation and monitoring
  • Non-traditional plan design, implementation and monitoring, including health, welfare and ESOP plans
  • Benefit compliance review
  • Qualified retirement plan compliance review
  • Benefit plan document composition
  • Benefit plan document assessment
  • Tax preparation
  • SAS 70 report completion
  • Benefit plan participation services
  • 401(k) program design, product selection, implementation and monitoring
  • Benefit plan cost control planning