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


Webinar Recording

Recording Price: $199.00

(Includes Proprietary Materials)

If your organization's 401(k) plan has at least 100 eligible participants, your company is subject to an annual Form 5500 plan audit by a qualified third party CPA firm. To avoid making mistakes that lead to costly penalties and fines, you must properly prepare for this audit. Failure to do so will subject your plan to a follow-up audit by the DOL and/or IRS, with the qualification of your plan at stake. Even if you're not required to attach an audit to your Form 5500, this session will cover the necessary operational tools to keep your plan in compliance with the applicable DOL and IRS Requirements. Join us to discover how to self-audit your plan, well in advance of a CPA audit. Our expert will ensure you avoid expensive plan errors, Form 5500 filing mistakes, and abide by the latest reporting requirements:

  • Common plan operation errors: How to prevent & fix errors if they do occur
  • Preparing for the audit: Tools to increase your filing accuracy & correct errors
  • Know the IRS & DOL red flags: Tips to handle a DOL or IRS audit of your plan
  • How to avoid costly mistakes & keep your company out of hot water

Program Highlights

  • Annual Audits: What to Expect & Tools to Help your Company Prepare

    • Document gathering & organization techniques for 401(k) plans
    • Internal controls & financial reporting regulations: What you need
    • First time audit requirements: Ways to stay in compliance
  • Operational Compliance: Common Trouble Areas & How to Avoid Them

    • Small vs. large plans: How to determine where your company falls
    • Ineligible classes of employees & regulation rules to follow
    • Timely allocation of plan contributions & how to fix late contributions
  • What Documents you Need: Organizational Tools to Get you Started Today

    • Creating a 401(k) committee: What team members to recruit
    • Fiduciary chapters and meetings: How to ensure ongoing compliance
    • Best practices to prevent costly errors and serious mistakes
  • Live Q & A Session - Have all your 401(k) and audit questions answered!

About The Speaker

John A. Reade, Jr. is a partner in the Duane Morris Employee Benefits and Executive Compensation Practice Group and the Duane Morris Corporate Practice Group.

  • His employee benefits practice encompasses the entire 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.
  • His corporate practice encompasses general corporate law with an emphasis on commercial finance.

Program Benefits

During this jam-packed, 60-minute webinar you will discover everything you need to know 401(k) audits and ensuring proper plan compliance.