401k Plan Audits – Charlotte (NC)
Many Charlotte and North 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.
North Carolina 401(k) Plan Audit Experience
Keiter CPAs provides employee benefit plan audit services to businesses in Charlotte and across North 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.
Charlotte 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 Charlotte (NC) – 28202
About Charlotte (NC)
Charlotte, North Carolina, is a thriving business hub known for its diverse economy and strategic position as a major financial center in the southeastern United States. The city has a long-standing reputation as a banking capital, with Bank of America headquartered there and Wells Fargo maintaining a significant presence. This concentration of financial institutions fuels a robust ecosystem for financial services, including banking, investment management, and insurance, and it attracts a wide range of professionals in these fields.
In addition to finance, Charlotte’s business community has expanded into a variety of other sectors such as energy, healthcare, and technology. The energy sector is particularly strong, with Duke Energy, one of the largest utility companies in the country, headquartered in the city. This creates a fertile environment for businesses involved in renewable energy, energy innovation, and utilities infrastructure. Healthcare is another key driver, with leading institutions like Atrium Health and Novant Health providing significant employment and spurring growth in life sciences, pharmaceuticals, and medical technology. The area codes used in Charlotte (NC) are 704 and 980.
