401k Plan Audits – Charleston (SC)
Retirement Plan Audits – South Carolina
The audit of a 401k and other retirement plan does require specialized knowledge and attention. While it’s commonly believed that there is little difference between a financial statement and retirement plan audit that is not entirely true. In fact, a recent study published by the Department of Labor (DOL) reveals that errors with Charleston and South Carolina benefit plan audit filings are generally committed by firms with limited experience. The issues generally uncovered include failure to test key controls and other plan functions. To ensure that your plan audit receives the highest level of audit quality, it’s essential work with an experienced firm that understands the nuances of plan audits. Wilson Lewis provides benefit plan audits to companies in Duluth, Atlanta and across Georgia. We work with smaller limited scope 100 participant plans to full scope audits to multi-employer plans with hundreds of participants.
Retirement Plan Audit Experience – Charleston
What makes our audit process different is that we understand the challenges faced by Charleston and South Carolina CFO’s and others in the process. Often time’s companies are faced with the task of having to train new audit professionals, manage repeated requests for documentation and inability to meet agreed upon engagement deadlines. The difficulty of working with some firms is they focus only on “checking the box” of audit requirements and spend little time focused on client concerns. Wilson Lewis provides an audit approach that accomplishes the needed testing, but also addresses concerns throughout the process.
Our Retirement Plan Services:
- Defined Contribution Plans including 401k plans
- Defined Benefit Plans
- ESOP’s
- Limited or Full Scope Audits
- Single or Multiple Employers
Contact Us
Wilson Lewis provides 401k and retirement plan audit services to companies in Charleston and South Carolina . If you have questions about our plan audit services, complete the form below and a team member will follow up with you shortly.
About Charleston (SC)
Charleston, South Carolina, boasts a vibrant and diverse business community that serves as a cornerstone of the region’s economic vitality. The city’s strategic coastal location has historically positioned it as a hub for trade and transportation, with the Port of Charleston playing a pivotal role in facilitating international commerce. As of 2020, the port ranked as the sixth busiest in the United States by cargo value, handling over $72 billion in imports and exports.
The aerospace industry has seen significant growth, highlighted by Boeing’s establishment of an assembly facility in North Charleston. This site is dedicated to the final assembly and delivery of the Boeing 787 Dreamliner, contributing substantially to local employment and economic development.
Tourism remains a vital component of Charleston’s economy, attracting millions of visitors annually who are drawn to the city’s rich history, well-preserved architecture, and renowned culinary scene. In 2019, Charleston welcomed 7.43 million visitors, resulting in a $9.7 billion economic impact.
