Maryland ERISA Audits
401(k) plans have become one of the most popular retirement options offered by Baltimore and Maryland companies. To attract new talent and retain existing employees, offering these plans as part of a comprehensive benefits package is important. Many face challenges when the plan grows and meets the minimum requirement under a Department of Labor (DOL) ERISA Audit. Others who have been through a plan audit may have issues with their provider meeting deadlines, poor communication, or staff issues. To avoid these challenges, working with a provider with experience auditing 401(k) and other plans is important. This allows them to deliver value beyond the traditional audit through insights and best practices.
ERISA Audit Experience
JLK Rosenberger provides employee benefit plan audits to over 50 plans, including ERISA section 103(a)(3)(c) and full scope 401(k) plans, defined benefit plans, and Employee Stock Option Plan (ESOP) audits. Our expertise includes serving both single or multiple employer plans. We audit employee benefit plans with asset sizes ranging from $5M to $65M and a total participant count between 125 and 2,000. This diverse level of experience allows our team to deliver an audit that extends beyond the basic audit checklist.
Baltimore ERISA Audit Services
Our 401(k) plan audit services include;
- Comprehensive audit services, including testing participant account balances to verify
their accuracy and completeness. - Form 5500 preparation and review.
- ERISA and DOL reporting requirements.
- Plan design options information and recommendations.
Map of Baltimore, MD – 21201
About Baltimore (MD)
The Baltimore business community is actively fostering growth and innovation, particularly focusing on the inclusion and support of small, minority, and Black-owned businesses. A key initiative in this effort is the Downtown BOOST Program, which aims to enhance the success of creative, Black-owned businesses in downtown storefronts. This initiative has supported a range of businesses, from interior design firms like Décorelle, which aims to serve middle-income markets, to innovative retail spaces like Smith Co, which blends fashion, music, and lifestyle products.
To further support the development of minority and small businesses, the Mayor’s Office of Small and Minority Business Advocacy & Development provides a variety of tools and resources. This includes prequalification processes for contractors bidding on city projects, ensuring they have the necessary technical and financial capabilities and a comprehensive set of development programs and resources designed to foster growth and capacity building among local businesses. The establishment of a Department of Accounts Payable for efficient vendor payment processes augments these efforts. The area codes for Baltimore (MD) are: 410, 443, and 667.
Contact Our Maryland 401k Audit Team
JLK Rosenberger provides 401(k) plan and other benefit plan audits in Baltimore and across Maryland. If you want to learn how we can assist you, complete the form below and a team member will follow up with you promptly.
National Reach
JLK Rosenberger provides 401(k) and ERISA audit services to companies in Atlanta (GA), Baltimore (MD), Buffalo (NY), Charlotte (NC), Chicago (IL), Denver (CO), Des Moines (IA), Houston (TX), Indianapolis (IN), Little Rock (AR), Los Angeles (CA), Orlando (FL), Milwaukee (WI), Minneapolis (MN), Nashville (TN), New York City (NY), Omaha (NE), Providence (RI), Richmond (VA), Santa Fe (NM), Tampa (FL), and Washington (DC).