401(k) Self-Audits: How to Avoid Costly Errors & Stay in Compliance

Thursday, December 20, 2018 at 1pm ET           Duration: 60 minutes

Regardless of the size of your organization’s 401(k) plan, self-audits are a business essential. Errors can invite extensive audits, leading to crippling fines and penalties. This seminar will show you how to self-audit your 401(K) plans, identify issues, and evaluate possible remedies well in advance of attention from the IRS or DOL. (more details below)


WHY ATTEND

401(k) plan errors discovered by the IRS or DOL can invite extensive audits, leading to crippling fines and penalties. Gross or repeated non-compliance can lead to forced plan termination and disqualification penalties.

That’s why compliance experts agree that regardless of your 401(k)-plan size, an annual self-audit is essential. Even for plans that are required by law to conduct a third-party audit, an initial self-audit is essential for spotting and cleaning up common mistakes.

This seminar will show you how to self-audit your 401(K) plan, identify issues, and evaluate possible remedies well in advance of attention from the IRS or DOL.

In addition to the process for self-auditing, this session will also offer expert guidance on complying with applicable DOL and IRS requirements, how to avoid common Form 5500 filing mistakes, and give you updates on the current DOL and IRS reporting and disclosure requirements.

LEARNING OBJECTIVES

In this session you will learn about:

  • Common plan operation errors: How to prevent, spot and fix them
  • Preparing for the audit: Methods to increase your filing accuracy & correct errors
  • Common IRS & DOL red flags: How to avoid and handle a DOL or IRS audit of your plan
  • Avoiding costly mistakes to keep your company out of hot water
  • Annual audits: what to expect, how to prepare the documents and reports you’ll need
  • Best practices for plan fiduciaries - fiduciary charters, plan committees, operational and administrative compliance, identifying and correcting plan errors, and more

                                ABOUT THE SPEAKER

                                John A. Reade, Jr., a partner in the Duane Morris LLP Employee Benefits and Executive Compensation practice group, is recognized as an authority in the area of employee benefits. His background includes: Counseling and representing clients in the area of employee benefits, including executive compensation and severance agreements, qualified and nonqualified plans, health and welfare plans, ERISA litigation, employee benefits issues in corporate transactions, fiduciary related issues involving prohibited transactions and qualified plan advice and representation of clients before the DOL, IRS and PBGC.

                                John speaks frequently across the country on developments in employee benefits and executive compensation. He is a magna cum laude graduate of Syracuse University College of Law, where he was a member of the Syracuse University Law Review, and a magna cum laude graduate of Syracuse University

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                                Full MP4 recording of webinar, including Q&A. Choose digital download or CD-ROM by mail.

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                                Participation in the live webinar + Full MP4 Recording. For recording, choose digital download or CD-ROM by mail.

                                Event Package

                                Event Value Pack

                                Participation in the live webinar + Full MP4 Recording + Audio-only MP3 recording. For recordings, choose digital download or CD-ROM by mail.

                                What You Get With Each Option close

                                Live Recording

                                Live Only

                                Participation in the live upcoming webinar

                                Recording

                                Recording Only

                                Full MP4 recording of webinar, including Q&A. Choose digital download or CD-ROM by mail.

                                Live and Recording

                                Live + Recording

                                Participation in the live webinar + Full MP4 Recording. For recording, choose digital download or CD-ROM by mail.

                                Event Package

                                Event Value Pack

                                Participation in the live webinar + Full MP4 Recording + Audio-only MP3 recording. For recordings, choose digital download or CD-ROM by mail.

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