401(k) Audits – Idaho

 

ERISA Audits – Idaho (ID)

 

Belfint Lyons & Shuman serves employers in Idaho with their 401(k) plan audit needs. The reporting and other requirements imposed by the Internal Revenue Service (IRS) and the Employee Retirement Income Security Act (ERISA) are complex and regularly changing. Careful consideration needs to be exercised to ensure plan operations are following plan provisions, legislative requirements, and participant elections. In other words, a retirement plan audit is a specialty audit that requires more than foundational knowledge of basic accounting and auditing principles.

Idaho ERISA Audit Experience

We have significant experience serving the various types of retirement plans offered by Arkansas employers. This includes defined contribution, defined benefit, health and welfare, and more. The DOL places so much importance on finding the right plan auditor they produced, Selecting An Auditor for Your Employee Benefit Plan. As you will see when reviewing it, our firm meets the criteria for an experienced auditor who can guide your team through the process.

Idaho 401(k) Audit Services:

  • Comprehensive audit services, including testing participant account balances to verify
    their accuracy and completeness
  • Operational consulting regarding participant and employer contributions, benefit payments,
    and loan processing
  • Form 5500 preparation and review
  • ERISA and DOL reporting requirements
  • Plan design options information and recommendations
  • Plan correction assistance

Map of Idaho (ID)

Contact Our Idaho 401(k) Audit Team

Belfint, Lyons & Shuman provides benefit plan audit services to companies in Idaho remotely from our Delaware headquarters. Please complete the form below and a member of our team will follow up with you.

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About Idaho

The business community in Idaho is a dynamic and diverse ecosystem that thrives on the state’s unique combination of resources, innovation, and entrepreneurship. Idaho’s economy is known for its resilience, with various sectors contributing to its overall strength.

Agriculture is the backbone of Idaho’s economy, and the state is renowned for producing high-quality crops, with the Idaho potato being an internationally recognized brand. Wheat, barley, and other agricultural products also play a crucial role in the state’s economic prosperity. The agricultural sector not only provides sustenance but also fuels a substantial export industry.

Technology and innovation are on the rise in Idaho, particularly in the capital city of Boise. The state is witnessing a burgeoning tech sector, with startups and established companies engaged in software development, hardware manufacturing, and other technology-related fields. A favorable business environment and a growing pool of skilled talent contribute to this thriving tech scene.

Manufacturing is another key component of the Idaho business community. The state’s manufacturing sector spans various industries, including food processing, electronics, wood products, and aerospace. Idaho offers incentives and support for manufacturers, making it an attractive destination for businesses looking to establish or expand their operations.

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Need Additional Information?

If you need more information, please contact us so we can connect you with one of our CPA advisors who will be committed to your business and personal success. BLS is here to help!

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