Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Distribution \ Loan Clerk

Retirement, LLC
(Remote / Oklahoma City OK)

Retirement, LLC logo

DC Administrator

United Benefit Pensions Inc.
(Remote / Melville NY)

United Benefit Pensions Inc. logo

Plan Administrator

Aimpoint Pension
(Remote / Pompano Beach FL)

Aimpoint Pension logo

Compliance Analyst - 401(k) Administration

Ubiquity Retirement + Savings
(Remote / San Francisco CA)

Ubiquity Retirement + Savings logo

Junior Implementation Specialist - 401(k) Administration

Ubiquity Retirement + Savings
(Remote / San Francisco CA)

Ubiquity Retirement + Savings logo

Chief Pension Actuary

Loren D. Stark Company
(Remote)

Loren D. Stark Company logo

Senior Defined Contribution Account Manager

Nova 401(k) Associates
(Remote)

Nova 401(k) Associates logo

401(k) Retirement Plan Administrator

Midwest TPA with Remote Workforce
(Remote / Beachwood OH)

Retirement Plan Relationship Manager – DB or DC Focus

Trinity Pension Consultants
(Remote / Akron OH / AL / IN / KY / MO / TN)

Trinity Pension Consultants logo

Site Manager / Senior Administrator

Nicholas Pension Consultants
(Remote / AZ / ID / NM / NV / UT)

Nicholas Pension Consultants logo

Enrolled Actuary

Loren D. Stark Company
(Remote)

Loren D. Stark Company logo

DB/DC Administrator

Primark Benefits
(Remote / San Mateo CA)

Primark Benefits logo

Pension Administrator

MGKS
(Remote / Phoenix AZ)

MGKS logo

Retirement Plan Administrator

CMC Pension Professionals
(Remote)

CMC Pension Professionals logo

Plan Administrator Consultant

Jocelyn Pension Consulting
(Remote / Boulder CO)

Jocelyn Pension Consulting logo

Compliance Specialist II

EPIC RPS
(Remote)

EPIC RPS logo

Director of Pension Administration

Primark Benefits
(Remote / San Mateo CA)

Primark Benefits logo

Manager - Defined Contribution Plans

M2B Retirement Consulting LLC
(Remote / Wexford PA)

M2B Retirement Consulting LLC logo

Retirement Plan Administrator

Hicks Pension Services
(Remote)

Hicks Pension Services logo

Retirement Plan Administrator

Hessel & Associates, LLC
(Remote / IL)

Hessel & Associates, LLC logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon
Webcasts  >  Upcoming   |   Recorded
Conferences  >  Upcoming   |   Grouped by Location
All  >  Upcoming   |   Grouped by Sponsor

View More Strafford Webcasts and Conferences

Qualified Plan Errors: Identification and Correction, Recent IRS and DOL Guidance, Avoiding Audits, Correction Methods

Strafford

July 6, 2022
1:00 - 2:30 p.m. ET
Webcast

This CLE webinar will provide employee benefits counsel with an in-depth analysis of identifying retirement plan errors and making necessary corrections. The panel will discuss critical issues for qualified plan structuring and implementation, recent IRS and DOL guidance and enforcement actions, available programs for self-correcting plan errors and challenges, and other vital matters.

Description

The IRS and DOL continue their heightened scrutiny of retirement plans. Plan audits typically reveal noncompliance issues that can result in substantial penalties for employers. ERISA counsel and advisers must understand IRS and DOL enforcement and audit procedures and identify audit risks and steps to remedy noncompliance through available self-correction programs or other options.

Significant compliance risks stem from the failure to recognize plan document defects, a specific area of focus during an IRS audit of a retirement plan. In 2021, the IRS enhanced its plan correction programs to permit employers additional self-correcting operational failures, including two new alternative correction methods: (1) the funding exception correction method and (2) the contribution credit correction method. For retirement plans, the enhanced plan correction program includes an increase to the small overpayment limit and repayment through an installment agreement.

Also, the DOL has focused, and continues to focus, on timely deposits of employee deferral contributions--so much so that some employers deposit employee-deferral contributions before paychecks are issued.

Compliance risks include, among others, failing to notify and pay terminated employees, not updating plans to the latest ERISA requirements, and using improper amounts to determine employee compensation. Companies risk exposure to government penalties and sanctions, such as disallowing deductions for employer contributions and plan disqualification.

Listen as our panel of specialists discusses current IRS and DOL focus areas, correcting noncompliance, and mitigating audit risks.

More Information, How to Register

© 2022 BenefitsLink.com, Inc.