Phoenix, Arizona, has a diverse and rapidly growing business community, with key industries including technology, manufacturing, real estate, and healthcare. The city has become a prominent hub for tech companies, particularly in areas like semiconductor manufacturing, software development, and cybersecurity, supported by a strong pool of skilled talent and innovation. Phoenix is also a center for manufacturing, with industries such as aerospace, electronics, and renewable energy contributing to its economy. The healthcare sector is another significant driver, with major institutions like Banner Health and the Mayo Clinic offering both medical services and research opportunities. Additionally, Phoenix’s real estate market has experienced substantial growth, driven by demand for both residential and commercial properties, making it a focal point for construction and development. The city’s business-friendly environment, favorable climate, and strategic location make it an attractive place for companies and entrepreneurs looking to expand or establish a presence in the southwestern U.S. The area codes used in Phoenix (AZ) are 602 and 480.
Retirement Plan Audits – Phoenix (AZ)
Many Phoenix and Arizona businesses 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.
Arizona 401(k) Plan Audit Experience
Keiter CPAs provides employee benefit plan audit services to businesses in Phoenix and across the State of Arizona. 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.
Phoenix 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
