401k Plan Audits – Charleston (WV)
Many Charleston and West Virginia companies 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.
West Virginia 401(k) Plan Audit Experience
Keiter CPAs provides employee benefit plan audit services to businesses in Charleston and across West Virginia. 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.
Charleston ERISA Audit Services
- Limited & 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
Map of Charleston (WV) – 25301
About Charleston (WV)
Charleston, West Virginia, has a business community that reflects both the state’s rich history and its efforts to diversify and grow in the modern economy. Traditionally known for its ties to the coal and energy industries, the city has seen a shift towards more varied sectors, including healthcare, government, and technology. The energy sector still plays a significant role, but there has been a strong push in recent years to foster new industries and reduce reliance on fossil fuels. This shift has encouraged investment in renewable energy and environmental technology, positioning Charleston as a potential hub for green industries in the region.
The healthcare industry is one of the strongest pillars of Charleston’s economy. The city is home to Charleston Area Medical Center (CAMC), which is a major employer in the region and serves as a primary healthcare provider. Alongside CAMC, several healthcare services, medical research facilities, and pharmaceutical companies have a notable presence, bolstering the city’s position as a center for healthcare and wellness in the state. The area codes used in Charleston (WV) are 304 and 681.
