401k Plan Audits – Richmond (VA)
Many Richmond and 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.
Virginia 401(k) Plan Audit Experience
Keiter CPAs provides employee benefit plan audit services to businesses in Richmond and across 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.
Richmond 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 Richmond (VA) – 23219
About Richmond (VA)
Richmond, Virginia, has a dynamic and diverse business community that plays a key role in the regional economy. The city’s strategic location along the James River and its proximity to major transportation corridors make it an attractive hub for various industries. Richmond has a strong historical presence in banking and finance, with companies like Capital One and Dominion Energy headquartered in the area. These large firms provide a significant number of jobs and help drive the city’s business climate.
In addition to finance, Richmond’s business community is growing in technology, healthcare, and manufacturing sectors. The city is home to a thriving startup scene, with a range of small businesses focusing on innovation and technology. This includes companies in software development, cybersecurity, and digital marketing, reflecting the city’s evolution as a tech-forward city. Healthcare is another major contributor, with institutions like VCU Health and Bon Secours offering medical services, research, and employment opportunities, which in turn support ancillary businesses in medical technology, pharmaceuticals, and insurance. The area codes used in Richmond (VA) 804 and 686.
