401k Plan Audits
Many Memphis, Nashville, and companies across Tennessee 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.
Tennessee 401(k) Plan Audit Experience
Keiter CPAs provides employee benefit plan audit services to businesses in Memphis, Nashville, and companies across Tennessee. 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.
Memphis 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
Nashville, TN
About Nashville, TN
Nashville is home to several iconic landmarks and attractions, including the Grand Ole Opry, the Country Music Hall of Fame and Museum, and the Ryman Auditorium. The city also has a thriving arts and cultural scene, with several museums, galleries, and theaters.
In addition to its music and arts offerings, Nashville is known for its cuisine, including hot chicken, meat and three, and a variety of Southern specialties. The city is also home to several universities, including Vanderbilt University and Belmont University, which contribute to the city’s intellectual and cultural vibrancy.
