ERISA Audits: What We All Knew but Forgot

Lorman Education Services

Make sure your retirement plan is in full compliance and know what to expect when an audit is scheduled.

With the ever-changing 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.

More Information, How to Register