Retirement Plan Audits – Philadelphia (PA)
Many Philadelphia and Pennsylvania 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.
Pennsylvania 401(k) Plan Audit Experience
Keiter CPAs provides employee benefit plan audit services to businesses in Philadelphia and across the State of Pennsylvania. 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
Map of Philadelphia (PA) – 19106
About Philadelphia (PA)
Philadelphia, Pennsylvania, has a robust and diverse business community driven by a mix of traditional industries and emerging sectors. The city is a major economic hub on the East Coast, with a historical foundation in industries such as manufacturing, trade, and education. Over the years, Philadelphia has evolved into a center for healthcare, technology, finance, and biotechnology, reflecting its ability to adapt to changing economic trends while maintaining its historic strengths.
Healthcare and life sciences play a pivotal role in the city’s economy. Philadelphia is home to some of the nation’s top medical institutions, including the University of Pennsylvania Health System and Jefferson Health. These institutions not only provide world-class healthcare services but are also at the forefront of medical research, pharmaceuticals, and biotechnology. The city’s health innovation ecosystem has attracted numerous biotech firms, supported by the region’s extensive research capabilities and universities. The area codes used in Philadelphia (PA) are 215, 267, and 445.
