2025 IRS and DOL Audit Issues for Retirement Plans: Key Areas of Focus and Strategies for Plan Sponsors
Note: CPE credit is not offered on this program
A live 90-minute premium CLE video webinar with interactive Q&A
This CLE webinar will provide guidance to ERISA counsel, plan sponsors, and administrators on key problem areas identified by the IRS and DOL in audits and methods to ensure compliance. The panel will discuss missing participants, late payroll deposits, missed employee communications, and other DOL areas of focus during an audit. The panel will also discuss the most significant areas of focus during an IRS audit such as definitions of compensation, distributions, employee eligibility requirements, properly updated plan documents, and other key issues.
Outline
- Recent IRS and DOL retirement plan audit initiatives
- Recognizing plan document defects
- Remedying compliance issues to avoid liability and penalties
- Effective administrative procedures and corrective actions
- Best practices to ensure compliance
Benefits
The panel will review these and other key issues:
- Identifying current areas of IRS and DOL focus
- Recognizing plan document defects
- Addressing and correcting areas of noncompliance
- Determining employee eligibility and compensation
- Making timely payments of deferral contributions
- Updating plans to meet ERISA requirements
- Cybersecurity
- The importance of self-audits and other ways to minimize audit risks
Faculty
Carol I. Buckmann
Partner
Cohen & Buckmann
Ms. Buckmann has advised global employers on U.S. and cross-border employee benefit matters for over 35 years.... | Read More
Ms. Buckmann has advised global employers on U.S. and cross-border employee benefit matters for over 35 years. She focuses her practice on employee benefits and ERISA, dealing with some of the foremost issues in ERISA, including pension plan compliance, fiduciary responsibilities and investment fund formation. She has significant experience with complex pension law and fiduciary problems.
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Gretchen Harders
Partner
Cohen & Buckmann
Ms. Harders represents a varied list of clients, including financial service companies, entertainment industry clients,... | Read More
Ms. Harders represents a varied list of clients, including financial service companies, entertainment industry clients, and tax-exempt organizations, and also actively represents individual executives in executive compensation matters. She also advises multinational employers on designing and implementing equity-based compensation packages to incentivize top-level executive. Ms. Harders is a frequent speaker on various employee benefits issues and developments. She authors articles on timely ERISA and employee benefits law topics.
CloseEarly Discount (through 03/14/25)