Retirement Plan Audits – Cleveland (OH)
Many Cleveland and Ohio 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.
Ohio 401(k) Plan Audit Experience
Keiter CPAs provides employee benefit plan audit services to businesses in Cleveland and across the State of Ohio. 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.
Cleveland 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 Cleveland (OH) – 44114
About Cleveland, OH
Cleveland, Ohio, has a diverse and evolving business community driven by industries such as healthcare, manufacturing, technology, and finance. The city’s healthcare sector is a major economic force, with world-renowned institutions like the Cleveland Clinic and University Hospitals leading in medical care, research, and innovation. Manufacturing, particularly in sectors like steel and automotive, has historically been a cornerstone of Cleveland’s economy, though the city has transitioned towards high-tech industries and advanced manufacturing. The technology sector has seen growth, with a focus on startups, IT, and biotechnology, bolstered by a strong academic presence and business incubators. Cleveland’s finance and banking industries are also significant, with major institutions like KeyBank and Progressive Insurance headquartered in the city. The city’s central location, affordable cost of living, and access to a skilled workforce make Cleveland an attractive destination for business, fostering both established corporations and new ventures. The area codes used in Cleveland (OH) are 216, 440, and 436.
