Learn why a 401(k) audit is important and how it can be performed efficiently by all involved parties.
Most 401(k) plans must comply with the financial audit requirements of the Employee Retirement Income Security Act (ERISA) and any 401(k) plan can be subject to a compliance audit by the Department of Labor or Internal Revenue Service. This presentation will provide attendees with information on the differences between financial and compliance audits, including the objectives and outcomes of each. The live webinar will discuss the specific requirements of an ERISA financial audit, including the major audit steps and tests performed, and will prepare attendees to effectively interface with independent auditors during the financial audit process. Additionally, the workshop will provide information on DOL and IRS compliance audit procedures, address common compliance audit triggers, and discuss effectively working with the DOL or IRS during a compliance audit.
What Does 401(k) Audit Training Cover?
Lorman Education Services offers comprehensive 401(k) audit training that will help you detect and eliminate potential trouble spots, increasing your chances of a successful outcome during an IRS audit.
Easily Fit 401(k) Audit Training Into Your Busy Schedule
Lorman makes learning about 401(k) plan audits easy and convenient. This course is available in multiple formats that enable you to incorporate training into your busy schedule. Options include an audio and reference manual featuring PDF and MP3 files delivered via USB flash drive, as well as an MP3 download of a recorded training presentation. You don’t have to take time out of your day to travel to a classroom or seminar.
401(k) Audit Training Materials Developed by Top Professionals
All course materials have been developed by top professionals who have a broad knowledge of relevant employee benefit plan issues, as well as extensive training experience. Successful completion of the audio and reference manual training option can also help you earn continuing education credits required by your state. Please refer to the Credits tab on this page for a state-by-state list.
Why Choose Lorman for Your 401(k) Audit Training Needs?
Companies in a wide range of industries turn to Lorman Education Services for their training needs. Over the course of our 28-plus years, we’ve helped more than 1.4 million professionals meet their continuing education requirements in a timely and cost-effective manner.
Get the latest, most relevant knowledge regarding 401(k) plan audits. Order your 401(k) audit training program today or contact us for additional information.
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Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Overview
- Financial Audit Versus Compliance Audit
- Purposes
- Outcomes
ERISA Financial Audit Requirements
- When Required
- Limited Scope Audits
- Who Must Perform Audit
- Timing
ERISA Financial Audit Process
- Major Audit Steps
- Information to Provide
- Tests Performed
- Roles and Responsibilities
- Potential Issues
Compliance Audits
- DOL Versus IRS
- Preparing for a Compliance Audit
- Audit Procedures
- Working With the IRS or DOL
- Common Audit Triggers
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Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on August 26, 2024.
Call 1-866-352-9540 for further credit information.
SHRM 1.5
- Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.5 PDC(s) for the SHRM-CP or SHRM-SCP.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Kelly Haab-Tallitsch
Amundsen Davis, LLC
- Partner at Amundsen Davis, LLC
- Regularly counsel’s clients on employee benefit compliance, helping employers understand their obligations under the Affordable Care Act, ERISA, and the Internal Revenue Code
- Advises employers on health and welfare plans, wellness programs, qualified and non-qualified retirement plans, employee stock ownership plans (ESOPs), deferred compensation, equity plans and employee benefit issues arising out of mergers and acquisitions
- Defends clients against general employment discrimination claims and handles matters such as Department of Labor benefit plan audits and correcting plan errors through the Department of Labor and Internal Revenue Service voluntary correction programs
- Frequently speaks at professional conferences and webinars on labor and employment law, employee benefits, and business management strategies
- J.D. degree, Northern Illinois University College of Law; M.S. degree in industrial relations, Loyola University Chicago; B.S. degree, University of Illinois at Urbana-Champaign
- Can be contacted at 630-587-7927 or at [email protected]
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Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
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