401k Plan Audits
Many Boise businesses and companies across Idaho 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.
Idaho 401(k) Plan Audit Experience
Keiter CPAs provides employee benefit plan audit services to businesses in Boise and across Idaho. 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.
Boise 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 Boise (ID)
Boise is surrounded by mountains, including the Boise Foothills, and is home to the Boise River, which runs through the city and is a popular spot for water activities like rafting and fishing. One of the most notable landmarks in Boise is the Idaho State Capitol Building, which was completed in 1912 and features neoclassical architecture. The city is also home to the Boise Art Museum, which showcases contemporary art from Idaho and the Pacific Northwest.
Boise has a thriving food and drink scene, with many local restaurants and breweries offering a variety of cuisines and craft beers. The city also hosts several annual events, including the Treefort Music Fest, which features over 400 bands performing over five day