Retirement Plan Audits
Many Louisville, Lexington, and companies across Kentucky 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.
Kentucky 401(k) Plan Audit Experience
Keiter CPAs provides employee benefit plan audit services to businesses in Louisville, Lexington, and companies across Kentucky. 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.
Louisville 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
About Lexington, KY
Lexington is home to several historic sites and landmarks, including the Mary Todd Lincoln House and the Ashland, the Henry Clay Estate. The city also has a thriving arts and cultural scene, with several museums, galleries, and performance venues.
One of the main attractions in Lexington is its horse racing industry, which includes the famous Keeneland racecourse and the Kentucky Horse Park. The city is also home to several bourbon distilleries, including the Woodford Reserve Distillery and the Town Branch Distillery, which offer tours and tastings for visitors.