401k Audits – Buffalo (NY)

New York ERISA Audits

401(k) plans have become one of the most popular retirement plan options offered by Buffalo and New York 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 plan audits to over 40 benefit plans, including 401(k), defined benefit plans, ESOP’s including ERISA Sec.103(a)(3)(C), and full scope audits. We work with plans that are single or multiple employers and have experience serving plans with an 11K filing requirement. The firm provides audits for benefit plans with asset sizes ranging from $5M to $65M and a total participant count between 125 and 2000. This diverse level of experience allows our team to deliver an audit that extends beyond the basic audit checklist.

Buffalo 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.
Buffalo (NY)

About Buffalo (NY)

One notable aspect of Buffalo’s business community is its diversity. The city has various industries, including manufacturing, healthcare, education, finance, technology, and tourism. Manufacturing has long been a significant contributor to Buffalo’s economy, with sectors such as automotive, steel, and food processing playing a crucial role. However, the city has also shifted towards knowledge-based industries, innovation, and entrepreneurship.

Buffalo’s healthcare sector is particularly robust, with renowned medical institutions and research facilities. The Buffalo Niagara Medical Campus is a hub for medical innovation and collaboration, bringing together hospitals, research centers, and universities to drive advancements in healthcare and biotechnology.

Buffalo’s commitment to fostering innovation and entrepreneurship is evident through various initiatives and resources. The city has a thriving startup ecosystem supported by organizations like the Buffalo Niagara Medical Campus Innovation Center, the University at Buffalo’s Technology Incubator, and the Buffalo Niagara Enterprise. These organizations provide mentorship, networking opportunities, and access to funding for startups and early-stage companies.

Contact Our Buffalo 401k Audit Team

JLK Rosenberger provides 401(k) plan and other benefit plan audits in Buffalo and across New York.  If you are interested in learning how we can assist you, complete the form below and a team member will follow up with you promptly.