401k Plan Audits – Baltimore (MD)
Many Baltimore and Maryland 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.
Maryland 401(k) Plan Audit Experience
Keiter CPAs provides employee benefit plan audit services to businesses in Baltimore and companies across Maryland. 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.
Baltimore 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 Baltimore (MD) – 21201
About Baltimore, MD
Baltimore, Maryland, boasts a diverse and vibrant business community supported by a mix of traditional industries and emerging sectors. As a major port city, Baltimore has long been a hub for trade, logistics, and shipping, with the Port of Baltimore being one of the largest and most important on the East Coast. This has fostered a strong logistics and transportation sector, providing significant employment and driving economic growth in areas like warehousing, distribution, and supply chain management.
Healthcare and biotechnology are among the city’s most prominent industries. Baltimore is home to some of the leading healthcare institutions in the country, such as Johns Hopkins Medicine and the University of Maryland Medical Center. These institutions not only provide medical care but also play a vital role in research and medical innovation, making the city a key center for medical research, pharmaceuticals, and life sciences. The city’s growing biotech sector benefits from its strong academic presence and a network of support organizations that encourage collaboration and startup growth in this field. The area codes used in Baltimore (MD) are 410, 443, and 667.