Retirement Plan Audits – Minneapolis (MN)
Many Minneapolis and Minnesota 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.
Minnesota 401(k) Plan Audit Experience
Keiter CPAs provides employee benefit plan audit services to businesses in Minneapolis and across the State of Minnesota. 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.
Minneapolis 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 Minneapolis (MN) – 55402
About Minneapolis (MN)
Minneapolis, Minnesota, has a strong and diverse business community, with significant contributions from industries such as healthcare, finance, technology, and manufacturing. The city is home to major corporations like UnitedHealth Group, Target, and 3M, which anchor its economy and provide leadership in sectors like healthcare, retail, and consumer goods. Minneapolis also has a growing tech sector, driven by software development, data analytics, and cybersecurity firms, supported by local universities and a thriving startup ecosystem. The city’s financial services industry is robust, with major banks and investment firms based in the area. Additionally, Minneapolis is a center for manufacturing, particularly in medical devices, food production, and industrial equipment. Its highly educated workforce, strategic location, and business-friendly environment make it an attractive place for both established companies and emerging ventures. The area code used in Minneapolis (MN) is 612.
