Annual Retirement Plan Audits

Benefit Plan Audits – Milwaukee (WI)

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 Milwaukee need to find a qualified auditor with appropriate experience.

Benefit Plan Audits – Wisconsin

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.

Milwaukee 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 Milwaukee Plan Auditors

Boyum Barenscheer CPAs provides benefit plan audits to companies in Milwaukee and Wisconsin. 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 Milwaukee (WI) Business Community

Milwaukee has a large, diversified business community built around a strong base of established corporations, middle-market companies, small businesses, and a growing entrepreneurial ecosystem. The Metropolitan Milwaukee Association of Commerce represents roughly 2,000 businesses employing more than 300,000 people, and about 80% of its membership consists of startups and growing small businesses.

Manufacturing remains one of the region’s defining strengths. Milwaukee has deep expertise in advanced manufacturing, industrial equipment, automation, engineering, and related supply chains, with its manufacturing workforce substantially more concentrated than the U.S. average. At the same time, healthcare, financial and professional services, construction, and technology have become increasingly important parts of the regional economy. Major corporate anchors include Northwestern Mutual, Rockwell Automation, GE HealthCare, and a substantial concentration of healthcare employers and institutions.

As of mid-2026, Milwaukee’s economy is relatively stable but not experiencing rapid growth. Regional unemployment remains below the national rate and the job base has generally stabilized, with financial activities and construction showing recent employment gains. However, payroll employment is slightly below its year-earlier level, while renewed inflation and higher operating costs are putting pressure on businesses. This environment is encouraging companies to emphasize productivity, efficiency, and selective investment rather than aggressive expansion.