Annual Retirement Plan Audits

Benefit Plan Audits – Indianapolis (IN)

Many companies offer retirement plans as an employee benefit. Not only does it provide workers an essential retirement savings vehicle, but it can also open the door to business tax saving opportunities. However, there are strict requirements which must be followed when administering a plan. ERISA outlines the rules which must be followed, including when a plan needs to undergo an annual retirement plan audit. Those companies that achieved a large plan status are subject to this requirement. This means that business owners, CFOs, Controllers, and HR Managers need to find an eligible audit firm and manage the sometimes complex audit process. For this reason, companies in Indianapolis need to find a qualified auditor with appropriate experience.

Benefit Plan Audits – Indiana

Boyum Barenscheer CPAs has years of experience providing full scope, Section 103(a)(3)(c), and ESOP audits. We work with single employer plans with a total active participant count between 125 and 5,000. Team members undergo regular training to stay up to date on the latest regulatory changes and updates. In addition, we are a member of the AICPA Employee Benefit Plan Audit Quality Control Center (EBPAQC). The result is a more meaningful and higher quality audit process and report.

Indianapolis Employee Benefit Plan Audit Services

• 401k audits
• 403b audits (offered by tax exempt organizations)
• Profit sharing audits
• Defined benefit plan audits
• ESOP audits
• Employee benefit plan consulting

Contact Our Indianapolis Plan Auditors

Boyum Barenscheer CPAs provides benefit plan audits to companies in Indianapolis and Indiana. If you are interested in exploring a new plan audit firm, complete the form below and a team member will follow up with you shortly.

About the Indianapolis Business Community

The Indianapolis business community is broad and diversified, with particular strengths in life sciences, advanced manufacturing, logistics, technology, healthcare, agribusiness, and sports. Unlike metropolitan areas dominated by a single industry, Indianapolis benefits from a mix of corporate headquarters, large healthcare and pharmaceutical employers, manufacturers, distribution operations, technology companies, and a substantial base of small and midsize businesses. The Indy Partnership, the regional economic-development arm of the Indy Chamber, identifies advanced manufacturing, life sciences, information technology, logistics, agribusiness, and sports among the region’s principal industry clusters. Major companies associated with these sectors include Eli Lilly and Company, Roche Diagnostics, Corteva, Salesforce, Rolls-Royce, Allison Transmission, Allegion, FedEx, and Amazon.

Life sciences are especially important to Indianapolis’ economic identity. The region has a major concentration of pharmaceutical, medical technology, diagnostics, and research activity, anchored by companies such as Eli Lilly and Roche Diagnostics. The Indy Chamber reports that the regional life-sciences sector employs more than 20,000 people and offers wages substantially above the regional average, making it an important source of high-skilled and high-value employment. Indianapolis also benefits from the interaction between life sciences and supporting industries such as manufacturing, technology, professional services, and logistics.