401(k) Audits – Kentucky

 

ERISA Audits – Kentucky (KY)

 

Belfint Lyons & Shuman serves employers in Kentucky 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.

Kentucky ERISA Audit Experience

We have significant experience serving the various types of retirement plans offered by Kentucky 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.

Kentucky 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 Kentucky (KY)

Contact Our Kentucky 401(k) Audit Team

Belfint, Lyons & Shuman provides benefit plan audit services to companies in Kentucky 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 Kentucky (KY)

The Kentucky business community is a dynamic and integral part of the state’s identity and economic vitality. With a rich history deeply rooted in agriculture, manufacturing, and innovation, Kentucky’s business landscape reflects a diverse range of industries and a spirit of entrepreneurship.

Agriculture has historically played a significant role in Kentucky’s economy. The state’s fertile soil and favorable climate make it ideal for farming, with crops like tobacco, corn, soybeans, and equine agriculture thriving. The equine industry, particularly thoroughbred horse breeding, has garnered international recognition and contributes substantially to Kentucky’s economy.

Manufacturing is another cornerstone of Kentucky’s business community. The state boasts a robust manufacturing sector that spans automotive production, aerospace engineering, and industrial machinery manufacturing. Kentucky-made products are known for their quality and precision, supplying both domestic and global markets and generating employment opportunities for its residents.

Entrepreneurship and innovation are deeply embedded in Kentucky’s business culture. Startups and small businesses find support through various incubators, accelerators, and business development programs. Universities and research institutions in Kentucky actively engage in cutting-edge research and development, fostering a culture of innovation that benefits businesses of all sizes and keeps the state competitive in the global market.

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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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