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ERISA Audits: What We All Knew but Forgot - Webinar

  • ID: 4033273
  • Webinar
  • 90 Minutes
  • Lorman Business Center, Inc.
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Make sure your retirement plan is in full compliance and know what to expect when an audit is scheduled.

With the everchanging landscape for employee benefit plans, it becomes easier and easier for an employer to fall out of compliance and risk exposure. Many employers mistakenly rely exclusively on their brokers and service providers to keep them legally compliant with growing complex regulations. When the Department of Labor or IRS comes knocking and looking to examine the benefits being offered to employees, it is important for an employer to be knowledgeable and ready.

Join Rebecca Dobbs Bush for this topic as she prepares employers how to best be audit ready. You will learn how to discuss the goals and purpose of a DOL audit describe the stages of an audit review requested documents and recognize what is being looked for. Rebecca will cover key concepts involved in employee benefit plans and the DOL Audit process, including

Identifying priority areas for correction and determining materials that will demonstrate compliance

Ensuring documentation and procedures are in place to support compliance with federal laws and

Correcting any compliance issues prior to an audit to avoid penalties and expedite the audit process.

Learning Objectives
  • You will be able to discuss the goals and purpose of a DOL audit.
  • You will be able to describe the stages of an audit.
  • You will be able to review requested documents.
  • You will be able to recognize what is being looked for.
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Goals and Purpose of a DOL Audit

Answering the Door/Phone
  • Who Should Answer
  • How to Handle Initial Contact
  • Why You Are Being Contacted
Stages of an Audit
  • Desk Audit
  • Interviews
  • No-Action Letters
  • Management Review
Documents Requested
  • Typical Requests for Pension Plans
  • DOL Requests
  • IRS Requests
  • Typical Requests for Welfare Plans
What They Are Looking for
  • Common Issues for Pension Plans
  • Common Issues for Welfare Plans
Common Mistakes
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Rebecca L. Dobbs Bush - SmithAmundsen LLC
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This webinar is designed for human resource managers, benefits administrators, payroll managers, plan administrators, controllers, CFOs, finance directors, presidents, vice presidents, business and office managers.
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