South Carolina ERISA Audits
401(k) plans have become one of the most popular retirement plan options offered by Charleston and South Carolina companies. To attract new talent and retain existing employees, it’s important to offer these plans as part of a comprehensive benefits package. Many face a challenge when the plan grows and meets the minimum requirement under a Department of Labor (DOL) ERISA Audit. Others that have been through a plan audit may have issues with their provider meeting deadlines, poor communication, or staff issues. To avoid these challenges, it’s important to work with a provider that has experience auditing 401(k) and other plans. 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.
Charleston 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.
About Charleston (SC)
At the heart of Charleston’s business community lies a palpable sense of Southern charm and hospitality, where relationships are cherished and personal connections are valued. The city’s close-knit network of entrepreneurs, established businesses, and community leaders forms a tightly woven fabric of support and collaboration. Here, relationships are often built over shared meals, community events, and gatherings, fostering a strong sense of camaraderie and a spirit of cooperation.
Charleston’s business community is diverse and ever-evolving, driven by a mix of industries that capitalize on the city’s unique strengths. From tourism and hospitality, which benefit from the city’s rich history and natural beauty, to manufacturing, healthcare, technology, and creative industries, the business landscape reflects a balanced blend of traditional and emerging sectors. This diversity ensures a resilient and adaptive environment that fosters growth and innovation.
Entrepreneurship thrives in Charleston, with the city being recognized as a fertile ground for startups and small businesses. Incubators and coworking spaces provide the infrastructure and support necessary for budding entrepreneurs to turn their ideas into successful ventures. Charleston’s vibrant startup ecosystem nurtures creativity, collaboration, and mentorship, empowering entrepreneurs to make their mark on the local and global stage.
Contact Our South Carolina 401k Audit Team
JLK Rosenberger provides 401(k) plan and other benefit plan audits in Charleston and across South Carolina. 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.