Retirement Plan Audits
Many Pittsburgh, Philadelphia, and companies across Pennslyvania 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.
Pennslyvania 401(k) Plan Audit Experience
Keiter CPAs provides employee benefit plan audit services to businesses in Pittsburgh, Philadelphia, and companies across Pennslyvania. 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.
Philadelphia 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 Pittsburgh, PA
Pittsburgh is known for its rich industrial history, having been a major center for steel production in the early 20th century. The city is home to several historic sites and landmarks related to this history, including the Carnegie Museum of Natural History and the Heinz History Center.
In addition to its industrial history, Pittsburgh is known for its vibrant arts and cultural scene. The city has several world-class museums, including the Andy Warhol Museum and the Mattress Factory, which is dedicated to contemporary art. Pittsburgh is also home to several universities, including the University of Pittsburgh and Carnegie Mellon University, which contribute to the city’s intellectual and cultural vibrancy.