Retirement Plan Audits
Many Detroit and Michigan 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.
Michigan 401(k) Plan Audit Experience
Keiter CPAs provides employee benefit plan audit services to businesses in Detroit and across the State of Michigan. 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.
Detroit 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 Detroit (MI) – 48201
About Detroit (MI)
Detroit, Michigan, has a diverse business community, historically anchored by the automotive industry but now expanding into sectors such as technology, healthcare, and manufacturing. The city remains a global center for the automotive industry, with major companies like General Motors, Ford, and Chrysler headquartered there, alongside a growing network of suppliers and tech firms specializing in automotive innovation. In recent years, Detroit has seen significant revitalization in its technology and startup scene, with a focus on fintech, cybersecurity, and artificial intelligence. Healthcare is another key industry, with leading institutions like the Henry Ford Health System and Detroit Medical Center driving medical services and research. Manufacturing continues to play a vital role, particularly in advanced manufacturing and industrial automation. Detroit’s strategic location, workforce, and ongoing development efforts make it an emerging hub for both established industries and new ventures. The area code used in Detroit (MI) is 313.
