401k Audits – Sioux Falls (SD)

South Dakota ERISA Audits

401(k) plans have become one of the most popular retirement plan options offered by Sioux Falls and South Dakota 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 limited 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.

Sioux Falls 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.
Sioux Falls (SD)

About Sioux Falls (SD)

Sioux Falls’ business community is characterized by its entrepreneurial spirit and a supportive ecosystem that fosters growth and innovation. The city’s low unemployment rate, low cost of living, and business-friendly environment make it an attractive destination for startups and small businesses. Entrepreneurs in Sioux Falls benefit from a robust network of resources, including business incubators, accelerators, and mentorship programs, which provide guidance, access to capital, and connections to help their ventures thrive.

The city’s economy is diverse, with a range of industries contributing to its growth and stability. From financial services and healthcare to technology and manufacturing, Sioux Falls offers a broad spectrum of opportunities for businesses of all sizes. The healthcare sector, in particular, has seen significant expansion, with world-class medical facilities, research centers, and pharmaceutical companies choosing Sioux Falls as their base of operations.

Contact Our South Dakota 401k Audit Team

JLK Rosenberger provides 401(k) plan and other benefit plan audits in Sioux Falls and across South Dakota.  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.