The mandatory audit, finally made painless.
Ledgerline is a specialist audit firm for 401(k) benefit plans, launching for the upcoming season. We pull and reconcile plan data directly from recordkeeper and payroll systems, so you provide far less, and the audit is built to move in weeks, not months.
Right now, the annual 401(k) audit is a four-month chore.
Mid-market plan sponsors are required to get one every year, and most dread it. The work is slow, the back-and-forth is endless, and it all lands at once.
Slow by default
Roughly four months of requests, reviews, and follow-ups before anything is signed.
The endless PBC list
A document request list that never seems to end, with the same items chased again and again.
A seasonal scramble
Everything collides into one deadline, so every year ends in a last-minute crunch.
A low-priority chore
Generalist firms treat plan audits as a side task, so the sponsor feels like an afterthought.
We do the heavy lifting, so you barely feel the audit.
We pull and reconcile plan data directly from recordkeeper and payroll systems, so you'll provide a fraction of what a generalist asks for, and the audit moves at the pace of software, not paperwork.
We pull your data, not request it
Your payroll and recordkeeper data comes straight from the source. We connect to your systems and pull it ourselves, so you're never digging up files that already live somewhere.
Everyone uploads their piece, no one's asked twice
HR, your TPA, and your finance lead each get a link to only what's theirs, and they upload directly, on their own time. Nothing gets requested twice, and no one's stuck relaying documents they can't answer for.
We tie it out, so you don't assemble anything
We reconcile your contributions across payroll, the trust, and the census ourselves. You hand over source data, not assembled schedules. The tie-out is our job, not yours.
Purpose-built for the 401(k) plan audit.
The ERISA 401(k) benefit-plan audit is the most standardized audit there is. By focusing on it exclusively, we're building a firm that is faster, more accurate, and more predictable than generalists.
One audit, deeply understood
Every part of our process is shaped around a single, repeatable workflow, not a generic audit template.
Every transaction, not a sample
Because our testing is built for the whole population instead of a sample, we check every contribution and every transaction on the same timeline.
Predictable by design
A specialist process means fewer surprises, clearer timelines, and a year that doesn't end in a scramble.
We'll make your clients' audits painless, and make you look good.
We work alongside TPAs and recordkeepers, not against them. We take the audit your clients dread off your plate, and hand back a smoother season.
A referral that reflects well on you
A fast, low-hassle audit is something your clients will thank you for recommending.
We integrate, we don't intrude
We work directly from the data you already maintain, minimizing the lift on your team.
We'll never compete with you
We do one thing: the plan audit. Your administration and recordkeeping relationships stay yours.
Experienced, licensed auditors, with the engineering to make the audit painless.
The people building Ledgerline pair real Big-Four assurance depth with the engineering background to build a faster audit process, so you get serious audit credibility and a modern, low-hassle experience, as one team.
Bolu Ogundipe
15+ years in audit and assurance. Previously at EY, Microsoft, and Cisco, pairing Big-Four assurance depth with the engineering experience to build a better audit process.
Tunde Adewole
Repeat founder (Y Combinator) with a background building in fintech and regulated financial domains, leading the technical and company-building side of the firm.
As we approach launch, we're assembling a founding team of experienced ERISA and employee-benefit-plan auditors to stand behind every engagement.
Questions a careful sponsor asks.
We're pre-launch and building deliberately. Here's how we're thinking about the things that matter most to a CFO.
Does my plan even need an audit?
Generally, plans with 100 or more eligible participants (with some nuance under the 80-to-120 rule) are required to file audited financial statements with Form 5500. We'll help you confirm where your plan stands.
How will you handle our data?
We're building on a security-first foundation, with encryption in transit and at rest and least-privilege access to recordkeeper and payroll connections. We'll share our full security posture as we approach launch.
Are you independent of my other providers?
Yes. We do one thing, the plan audit, and maintain independence from your recordkeeper, TPA, and advisors so the audit stays objective.
Building the specialist firm for mandated assurance, starting with 401(k).
Tens of thousands of plans are required to be audited each year by law, and the experience has barely changed in decades. The most standardized, most mandatory audit is exactly where a modern, specialist firm should begin.
Founded by Bolu Ogundipe and Tunde Adewole, Ledgerline is building that firm now, and launching for the upcoming audit season.
Let's talk before the season starts.
Whether you're a plan sponsor, a TPA, or a recordkeeper, we'd like to hear from you as we get ready for the upcoming audit season.
Pick a day below and grab a 30-minute slot that works for you. No forms, no back-and-forth.
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