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
About Wilmington, DE
Wilmington is home to many historic landmarks, including the Nemours Mansion and Gardens, a 300-acre estate built by the DuPont family in the early 20th century. The city also has a thriving arts and culture scene, with the Grand Opera House and Delaware Art Museum hosting a variety of performances and exhibits throughout the year.
Wilmington is located on the banks of the Christina River, which flows into the Delaware River and the Atlantic Ocean. The riverfront area has undergone significant redevelopment in recent years, with the addition of a riverwalk, parks, and several new restaurants and shops.