401k Plan Audits – Charleston (SC)
Many Charleston and South Carolina 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.
South Carolina 401(k) Plan Audit Experience
Keiter CPAs provides employee benefit plan audit services to businesses in Charleston and across South Carolina. 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 (SC) – 29403
About Charleston, SC
Charleston, South Carolina, is a vibrant and growing business community with a diverse range of industries contributing to its economy. The city’s deep historical roots as a port town have helped shape its modern business landscape, with shipping, logistics, and international trade remaining central to the economy. The Port of Charleston is one of the busiest in the United States, driving significant activity in warehousing, distribution, and manufacturing. This makes Charleston a hub for logistics companies and businesses involved in maritime services.
In addition to trade, Charleston has become an increasingly important center for technology and innovation, with a growing number of tech startups and established firms in fields such as software development, cybersecurity, and digital marketing. The city’s expanding tech sector benefits from a skilled workforce, bolstered by the presence of local universities and colleges, such as the College of Charleston and The Citadel, which provide a steady stream of talent in various fields, including engineering, IT, and entrepreneurship. The area codes used in Charleston (SC) are 843 and 854.
