Our 401k Partner Specialists
Nathan Lummus, CPA
Audit Partner
Nathan Lummus, CPA
Audit Partner
Nathan joined the Marshall Jones team in 2007. He serves as the partner in charge of assurance services for the firm and is a member of the AICPA and GSCPA. As a critical part of the audit team, Nathan ensures that the audit is effectively planned, properly supervised, and executed with efficiency. Nathan prides himself in being extremely responsive to his clients and truly helping them to understand every step of the audit experience.
Nathan graduated from the University of West Georgia, where he obtained a Bachelor’s in Business Administration with a special emphasis in accounting, then in 2018, he obtained a Master’s of Science of Accounting from Liberty University.
Nathan has been involved with church his entire life, and met his wife, Kelly, a victim advocate, in 1994 while serving at a backyard Bible school. Since then, he has served on many committees, and most recently served on the adoption ministry team at Lakewood Baptist Church in Gainesville, Georgia, a church that honors the ministries of adoption and orphan care. The call to adoption started in 2008, and Nathan and Kelly have four beautiful children.
Your Trusted 401(k) Audit Firm
Marshall Jones has an experienced team of Certified Public Accountants and Advisors who understand the documentation requested from employers like you. Whether you’re unsure about the steps you need to take to stay compliant with the Internal Revenue Service (IRS) or the Department of Labor (DOL), we’ll assist you.
Our employee benefit plan auditors work with teams in different sectors. Submitting Form 5500 with your business’s financial data is simple. Our accountants operate with Employee Retirement Income Security Act (ERISA) standards in mind to verify your business in Atlanta meets legal requirements. We’ll help you continue to support your employees and avoid penalties.
Benefits of Our 401(k) and ERISA Audit Services
Our Certified Public Accountants and Advisors are here to meet your needs for 401(k) audit services. The advantages of choosing us for assistance include:
Transparent auditing process: We handle 401(k) document reviews, plan for testing and generate reports to submit with Form 5500.
Customizable services: We cater to your needs as a business and retirement plan sponsor.
Reporting accuracy: Our accountants perform detailed audits. Complete Form 5500 with confidence that details are accurate and submissions are in before the July 31 deadline of the plan year.
Reduce risks: Making mistakes regarding 401(k) plans is troublesome for your company and can result in fines. Keep this scenario out of the equation with our employee benefit plan auditors, who catch issues early.
Worker confidence: Create an environment where employees can trust their retirement plans are well-managed and working in their favor.
Actionable plans: Marshall Jones will let you know what we find post-audit and provide recommendations for future calendar years that will keep you in compliance long-term.
Why Clients Work With Us for ERISA Audit Services
Marshall Jones has been helping business owners with financial matters since 1984. We provide our services throughout the greater Atlanta area and keep ERISA audit services economical.
Our firm is growing larger, but we create a personalized experience for every client. Should questions arise, you can speak with your advisor through your preferred communication channel, and you can count on us to adjust our solutions to meet your needs for long-term success.
Save yourself time and resources you can allocate elsewhere. Marshall Jones helps you focus on your core business operations as we investigate the accuracy and structure of your company’s 401(k) retirement plans.
Testimonials
We've had the pleasure of working with professionals across industries for decades. If you're on the fence about 401(k) audit firms, see what recent customers have to say about us.
FAQs
Explore the FAQs below to find additional insight into Marshall Jones’ 401(k) services.
Many of our accountants are CPAs. Our professionals also hold QuickBooks certifications to ensure accurate input of your business’s financial data.
Yes. Marshall Jones first completes a draft report for you. Once you give us the go-ahead, your accountant and advisor will generate a final report to include with From 5500.
A 401(k) audit is required when your plan has over 100 eligible participants at the beginning of the plan year. This includes all eligible employees, not just those who are actively participating.
Typically, a complete 401(k) audit takes 4-6 weeks from start to finish. However, timing can vary based on the complexity of your plan and how quickly required documentation is provided.
Key documents include:
- Plan documents and amendments
- Trust statements and reports
- Payroll records
- Participant account statements
- Form 5500 draft
- Service provider agreements
Costs vary based on plan size, complexity, and condition of records. Contact us for a customized quote based on your specific situation.
Failing to complete a required audit can result in significant DOL penalties and possible plan disqualification. It’s crucial to stay compliant with audit requirements.
401(k) audits are required annually once your plan meets the 100-participant threshold. Even if participation drops below 100 in subsequent years, you may still need an audit due to the “80-120 rule“.
Get Started With 401(k) Audit Services Today
For more information about 401(k) and ERISA audit services, get in touch with our experts.