What's Keeping Retirement Plan Sponsors Up at Night?

ALI CLE [American Law Institute Continuing Legal Education]

Retirement plan sponsors have plenty on their minds, from participation rates and plan fees to regulatory compliance and fiduciary issues. Amongst those issues are two “day-to-day” areas – recordkeeping agreements and payroll – that have the potential to become bigger headaches if not properly monitored.

Recordkeeping agreements, which detail day-to-day administration of a retirement plan as well as set forth the plan administrator and recordkeeper obligations, can be quite extensive in scope. The Department of Labor has taken to reviewing them and providing guidance surrounding their contents – all of which may come under scrutiny during a plan investigation. Similarly, payroll can also lead to sticky situations, from improper deductions to classification of employees to common errors with contributions.

This one-hour webcast will explore aspects of recordkeeping agreements and payroll that, if not managed with care, could keep retirement plan sponsors up at night. With a short investment of time, you can learn how to help clients get ahead of costly errors and delays by identifying key potential pain points and what steps can be taken to avoid them.

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