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.
Learning Objectives
- You will be able to explain the difference between a financial audit and a compliance audit of a 401(k) plan.
- You will be able to describe the major steps involved in a financial audit of a 401(k) plan.
- You will be able to discuss how to work with the DOL or IRS during a 401(k) plan audit.
- You will be able to identify common 401(k) plan compliance audit triggers.
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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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 | |
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| ERISA Financial Audit Requirements | |
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| ERISA Financial Audit Process | |
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| Compliance Audits | |
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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
Live Webinar Registration
Enrolled Agents 2.0
- In accordance with the standards set forth in Circular 230 section 10.6, CE credits have been granted based on a 50-minute hour. This program qualifies for 2.0 Continuing Education Credit(s) for enrolled agents.
HR Certification Institute 1.5
- This program has been pre-approved for 1.5 (General) recertification credit hours toward aPHR®, aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM), and SPHRi(TM) recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
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.
CPE 2.0
- Lorman Education Services 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 web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: . Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
OnDemand Course
This course was last revised on April 6, 2016.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Who should attend?
This live webinar is designed for Accountants, CPAs, presidents, vice presidents, controllers, CFOs, tax managers, business owners and managers, enrolled agents, human resource and benefits directors, and payroll professionals.
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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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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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