Illinois 401k Audits
401(k) plans have become one of the most popular retirement plan options offered by Chicago and Illinois 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.
Chicago ERISA Audit Experience
JLK Rosenberger remotely 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.
Chicago 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 Chicago (IL)
The city is home to several major industries, including finance, healthcare, and transportation. It is also known for its contributions to music, particularly in the genres of blues and jazz. Chicago is home to several iconic cultural institutions, including the Art Institute of Chicago, the Museum of Science and Industry, and the Field Museum of Natural History. Some of the most popular attractions in Chicago include the Willis Tower (formerly known as the Sears Tower), which was once the tallest building in the world, the Navy Pier, which features an array of restaurants, shops, and attractions, and Millennium Park, which is home to the iconic Cloud Gate sculpture, also known as “The Bean.”
Contact Our Chicago 401k Audit Team
JLK Rosenberger provides 401(k) plan and other benefit plan audits in Chicago and Illinois companies. 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.
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