401k Annual Audits: Anticipating Serious and Costly Errors, Evaluating Alternative Solutions
A live 110-minute CPE webinar with interactive Q&A
Tuesday, April 11, 2017 (in 12 days)
1:00pm-2:50pm EDT, 10:00am-11:50am PDT
This webinar will provide employee benefits administrators, auditors and plan sponsors with best practices to prevent serious and costly errors in preparing for 401k audits. The panel will explain the pitfalls that practitioners often encounter in these audits and outline how to address these issues based on real-world experiences.
Proficiency in administrating and auditing 401k plans requires staying on top of myriad and ever-changing IRS and DOL rules and regulations. A 401k plan with more than 100 eligible participants must file audited financials along with Form 5500, which are closely scrutinized during DOL audits.
Benefit audit professionals and advisers must know the red flags for the IRS and DOL in a Form 5500 before filing—and be able to identify problems in prior filings to get ahead of any issue with the IRS with appropriate amendments.
Our panel of veteran professionals, all well versed and experienced with 401k audits, will provide you a road map to avoid costly mistakes. The panel’s experiences and solutions will help you increase your accuracy in filing, take action to correct prior errors, and prepare for and get through these audits.
Listen as our panelists offer best practices and insights based on real world experience for avoiding common high risk mistakes associated with 401k audits. The panel will also outline approaches to identify and correct plan errors before an audit or after a filing.
- 401k plan audit overview
- Relevant forms and regulations
- Form 5500
- 401k plan rule issues
- Challenges to anticipate
- Common plan operation errors
- Denied Form 5500
- Potential fixes for errors
- Common plan operation errors
- Best practices for audit preparation
- Benefit plan audit experiences
The panel will address these and other key issues:
- Understanding the areas of highest risk in 401k audits
- Identifying and avoiding the most common mistakes in 401k audits
- Implementing expedient solutions to the most common 401k or filing mistakes after the fact
- Pinpointing Form 5500 red flags for the IRS and DOL
Upon completing this webinar, you will be able to:
- Recognize and correct serious but common mistakes that lead to 401(k) audits by the IRS
- Identify and correct errors that lead to 401(k) audits by the DOL
- Discern plan operational errors
- Determine whether plans pass the basic IRS testing requirements
Brian A. Benko, Partner
McDermott Will & Emery,
Mr. Benko advises clients on a variety of employee benefits matters related to qualified retirement plans, executive compensation arrangements, and health and welfare plans. He has experience with the design, restructuring, amendment, and administration of various types of plans and has represented clients before the Internal Revenue Service, U.S. Department of Labor and the Pension Benefit Guaranty Corporation.
Joanna C. Kerpen, Partner
McDermott Will & Emery,
Mrs. Kerpen focuses her practice on a variety of employee benefits tax and ERISA matters related to 401(k) plans, pension plans, health and welfare plans, and executive compensation plans, including designing, amending and administering such plans. She has extensive experience with PPACA compliance as with HIPAA and various other federal and state laws relevant to health and welfare plans.
Registration per Person for Live Event
Additional lines for this conference can be purchased at 25% off. For orders of five or more lines, further discounts will apply and will be automatically reflected in the cart.
Live Webinar $147.00
Live Webinar & CPE Processing $182.00
CPE per Person on Live Event
Continuing Professional Education credit processing is available for an additional fee. CPE processing must be ordered prior to the event. To qualify for CPE you may not listen via the telephone.
This program is eligible for 2.0 CPE credits.
- Field of Study: Auditing.
- Level of Knowledge: Intermediate.
- Advance Preparation: None.
- Teaching Method: Seminar/Lecture.
- Delivery Method: Group-Internet (via computer).
- Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of verification codes announced throughout the presentation.
- Prerequisite: Three years+ business or public firm experience at mid-level within the organization, preparing complex tax forms and schedules; supervisory authority over other preparers/accountants. Knowledge and understanding of 401(k) Plans, ERISA Titles I and II, and proper completion of Form 5500; familiarity with IRS and Department of Labor audit procedures and enforcement
NOTE: CPE credit processing for all attendees must be ordered by 2pm Eastern the day of the program to receive a Certificate of Attendance within 24 hours.
Includes full event recording plus handouts (available after live webinar).
Note: Self-study CPE and EA credits are not offered on recorded events.
Recorded Webinar Download $147.00
Available 48 hours after the live event
Recorded Audio Download (MP3) $147.00
Available 24 hours after the live event
DVD (Slide Presentation with Audio) $147.00
plus $9.45 S&H
Available ten business days after the live event
Registration Plus Recorded Event
Live Webinar & Webinar Download $194.00
Recorded Webinar Download Only $47.00 with Registration/Webinar Combo
Live Webinar & Audio Download $194.00
Recorded Audio Download (MP3) Only $47.00 with Registration/MP3 Combo
Live Webinar & DVD $194.00 plus $9.45 S&H
DVD (Slide Presentation with Audio) Only $47.00 with Registration/DVD Combo
NASBA CPE Sponsor
Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
IRS Approved Provider
Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).
Strafford is a NASBA CPE sponsor and our live webinars qualify for CPE credits. They offer you a high quality, cost effective, and convenient CPE option, with no lost travel time or expenses.
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Accounting Advisory Board
Making Auditors Proficient
Partner-In-Charge, Internal Audit & Risk Management
Partner-in-Charge, Non-Profit Tax Practice
Professor of Accounting
Roth & Co. CPAs
Steven J. Luber
Bluestein O'Krent & Bluestein
Ernst & Young
Principal, Non-Profit and Government Practice
Strand and Associates
Director of Business Development
Insight Accounting Group
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