401k Plan Audits
Many Wilmington businesses and companies across Delaware offer a retirement plan to provide employees with an opportunity to build retirement savings over their careers. While an important benefit option and savings tool, there are several regulations from both the IRS and the Department of Labor (DOL) which must be followed. While compliance for small plans (less than 100 employees) is easier to navigate, large plans (more than 100 participants) face far more complex regulations. As outlined in the Employee Retirement Income Security Act (ERISA) large plan sponsors are required to undergo an annual plan audit. These audits provide assurance to plan management and participants about the financial condition of the plan.
Delaware 401(k) Plan Audit Experience
Keiter CPAs provides employee benefit plan audit services to businesses in Wilmington and across Delaware. We audit over 100 employee retirement plans of various sizes including those sponsored by publicly held companies. Our team has significant experience addressing the audit needs of defined benefit and defined contribution plans including 401(k) and 403(b) plans. Our services extend to both full-scope audits and the new ERISA Section 103(a)(3)(c) audit which replaces the limited scope audit type.
Wilmington ERISA Audit Services
- ERISA Section 103(a)(3)(c) & Full Scope Audits
- DOL Form 5500 Preparation
- Audits Requiring an SEC Form 11K Submission
- Defined Benefit & Defined Contribution Plans
- SAS 136 Compliance Including the New ERISA Section 103(a)(3)(c) Format
- Plan Mergers, Acquisitions & Spinoffs
- ERISA Compliance Issues
Wilmington, DE – 19801
About Wilmington (DE)
Wilmington, Delaware, has a diverse and vibrant business community, driven by its strategic location, favorable tax environment, and proximity to major cities like Philadelphia, Baltimore, and Washington, D.C. The city has a strong financial services sector, with numerous banks, investment firms, and insurance companies, including giants like JPMorgan Chase and Barclay’s. Additionally, Wilmington is known for its legal and corporate services, with many law firms and headquarters for large corporations. The city also has a growing tech and biotech industry, supported by institutions like the University of Delaware. A focus on innovation, coupled with a robust small business and entrepreneurial ecosystem, makes Wilmington a key business hub in the Mid-Atlantic region. The area code used in Wilmington (DE) is 302.
