Retirement Plan Audits Baltimore | 401k Audits - Baltimore (MD)

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Many businesses and non-profits in Baltimore and across Maryland must conduct an annual retirement plan audit. Once a plan reaches 100 participants with a balance (known as a large plan), Employee Retirement Income Security Act (ERISA) regulations require an independent audit of plan operations and finances.

This ensures compliance with Department of Labor (DOL) and IRS rules and regulations. While the requirement isn’t new, many plan sponsors have struggled to find an audit firm that hits the “sweet spot.” Rather than a clearly communicated, deadline-driven audit based on open communication, many plan sponsors have experienced the opposite.

Not only does this create frustration, but it makes the audit process significantly more challenging and risks any non-compliance issues escalating.

Employee Benefit Plan Audits – Maryland

Barnes Dennig provides employee benefit plan audits to more than 170 plans annually, including 401(k), 403(b), profit sharing, defined benefit, employee stock ownership plans (ESOPs), and others. According to ERISApedia, which ranks firms based on the number of benefit plan audits conducted, we are rated as one of the country’s top 100 firms for benefit plan auditing. Beyond this, the firm is a member of the AICPA Employee Benefit Plan Audit Quality Control Center (EBPAC). Our depth of experience and focus on client services translate into a seamless plan audit experience for our clients.

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Baltimore Retirement Plan Audit Services

Our retirement plan audit and consulting services include:

  • 401(k) and 403(b) plans
  • Profit-sharing plans
  • Defined benefit plans
  • Employee Stock Ownership Plan (ESOPs)
  • SEC 11-K Filings
  • Health & welfare plans
  • Full-scope audits
  • Limited-scope audits
  • Plan mergers, acquisitions, and spin-offs
  • Full or partial plan terminations
  • DOL and IRS investigation assistance
  • ERISA compliance matters
  • Form 5500 and Form 990 or 990 T filings

Contact our Baltimore Retirement Plan Auditors

Barnes Dennig conducts retirement plan audits for companies in Baltimore and across Maryland remotely from our Ohio, Kentucky, and Indiana locations. If you’re interested in learning how we can assist with your next retirement plan audit, complete the form below and a team member will follow up shortly.

About Baltimore (MD) Business Community

The Baltimore, MD business community is diverse and dynamic, with significant strengths in healthcare, education, and port-related industries. The healthcare sector is anchored by renowned institutions like Johns Hopkins Hospital and the University of Maryland Medical Center. Education plays a vital role, with major universities such as Johns Hopkins University contributing to research and innovation. The Port of Baltimore is a major economic driver, facilitating significant trade and logistics activities. Additionally, Baltimore has a growing technology and cybersecurity sector, supported by proximity to federal agencies and a strong talent pool. The city’s historical significance and cultural attractions also bolster its tourism and hospitality industries.

 

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