Correcting Retirement Plan Compliance Issues under SECURE 2.0
Note: CPE credit is not offered on this program
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE webinar will provide employee benefits counsel, plan sponsors, and administrators an in-depth analysis of the new rules for retirement plan corrections under the SECURE 2.0 Act of 2022 (“SECURE 2.0”). The panel will also discuss the primary areas of focus of IRS and DOL examinations and audits, and how to identify and correct critical retirement plan compliance issues.
Outline
- IRS and DOL key areas of focus
- SECURE 2.0 expansion of self-correction
- Notice 2023-43
- Automatic contribution arrangements
- SECURE 2.0 overpayment recovery rules
- Revisions to IRS overpayment correction rules
- Participant protections
- Recognizing and correcting plan document defects
- Other programs for correcting compliance issues
Benefits
The panel will review these and other key issues:
- Expansion of IRS self-correction rules and Notice 2023-43
- Overpayment recovery and correction rules under SECURE 2.0
- Identifying current areas of IRS and DOL focus
- Recognizing plan document defects
- Other programs for correcting noncompliance for retirement plans
Faculty
Lois W. Colbert
Partner
Kilpatrick Townsend & Stockton
Ms. Colbert is the leader of the Employee Benefits Practice Group of Kilpatrick Townsend. She engages in a... | Read More
Ms. Colbert is the leader of the Employee Benefits Practice Group of Kilpatrick Townsend. She engages in a comprehensive employee benefits practice with concentration in the areas of deferred compensation (including 409A compliance), retirement plan qualification (including drafting and obtaining Internal Revenue Service determination letters on tax-qualified status), equity compensation, fiduciary responsibility, prohibited transactions (including obtaining Department of Labor exemptions) and negotiation of employee benefit aspects of business transactions.
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R. Sterling Perkinson
Partner
Kilpatrick Townsend & Stockton
Mr. Perkinson focuses his practice on employee benefits and executive compensation. He collaborates with plan sponsors,... | Read More
Mr. Perkinson focuses his practice on employee benefits and executive compensation. He collaborates with plan sponsors, fiduciaries and plan service providers to help them achieve their objectives while reducing their risk.
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