401k Audits – Minneapolis (MN)

Minnesota ERISA Audits

401(k) plans have become one of the most popular retirement plan options offered by Minneapolis and Minnesota companies. To attract new talent and retain existing employees, offering these plans as part of a comprehensive benefits package is important. Many face a challenge 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 50 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.

Minneapolis 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.
Minneapolis, MN

About Minneapolis (MN)

The Minneapolis business community is a dynamic and multifaceted ecosystem that thrives on a mix of traditional industries and a rapidly growing innovation sector. As one of the twin cities along with St. Paul, Minneapolis is part of a larger metropolitan area that acts as a critical economic engine for the Midwest. The city’s economic landscape is characterized by a strong presence of Fortune 500 companies, a vibrant startup scene, and a commitment to sustainability and social responsibility.

Home to many Fortune 500 companies, Minneapolis boasts a corporate landscape that includes industry giants in sectors such as retail, healthcare, financial services, and consumer goods. This concentration of large corporations has provided a stable economic foundation for the city and fostered a culture of innovation and philanthropy, contributing to the community and economic development initiatives.

Contact Our Minnesota 401k Audit Team

JLK Rosenberger provides 401(k) plans and other benefit plan audits in Minneapolis and Minnesota.  If you want to learn how we can assist you, complete the form below, and a team member will follow up with you promptly.