Seattle ERISA Audits
Many Seattle businesses and companies across Washington 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.
Seattle 401(k) Plan Audit Experience
Keiter CPAs provides employee benefit plan audit services to businesses in Seattle and across Washington. 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.
Seattle 401k Audit Services
- ERISA Section 103(a)(3)(c) & 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
Seattle is known for its picturesque setting, surrounded by water, mountains, and forests. It is home to a thriving tech industry, with companies such as Amazon and Microsoft headquartered in the area, as well as a vibrant arts and music scene. Seattle is also famous for its coffee culture, with the first Starbucks store located in the historic Pike Place Market.
The city has a mild, maritime climate with cool, wet winters and mild summers. Seattle is also known for its rainy weather, with an average of 152 rainy days per year. Despite the rain, Seattleites are known for their love of the outdoors, and the city has many parks, hiking trails, and water activities to enjoy.