DOL Health and Welfare Plan Audit Response and Protection: Reducing Risk Exposure to Avoid Costly Penalties
Recording of a 110-minute CPE video webinar with Q&A
This course will provide employee benefits accounting and tax professionals with a thorough and practical guide to preparing responses for a Department of Labor (DOL) investigative audit of a company's health and welfare plan. The panel will discuss required documentation and procedures for submittal to the DOL in response to audit correspondence. The panel will offer valuable tools to help make your firm's health and other benefit plans audit-ready.
Outline
- DOL health and welfare audit correspondence process
- Typical documentation requested in DOL correspondence
- Making plans audit-ready
- Penalties and fines
- Cybersecurity requests in DOL audits
Benefits
The panel will discuss these and other important topics:
- What documents will a plan be required to provide in a DOL audit investigation?
- What are the triggers for a DOL audit?
- What are the first steps an employee benefits professional should take upon receiving a DOL audit letter?
- What key provisions should employee benefits advisers monitor regularly and review before responding to a DOL audit notification?
Faculty
Kathleen R. Barrow
Partner
Fox Rothschild
Ms. Barrow has nearly three decades of experience helping employers correct tax and fiduciary issues with payroll,... | Read More
Ms. Barrow has nearly three decades of experience helping employers correct tax and fiduciary issues with payroll, executive compensation and employee benefits. Her national practice includes strategic assistance with ERISA matters, compliance programs, and corrections of documentation and operational errors. Ms. Barrow’s clients include employers across a range of industries, nonprofit organizations, healthcare providers and school districts. She has handled cases that involve the U.S. Treasury Office of Tax Policy; the Department of Labor, Employee Benefit Security Administration; massive payroll corrections involving thousands of employees; and has led representation before the U.S. Tax Court, various U.S. district courts and courts of appeals throughout the country.
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Mayoung Nham
Principal
Slevin & Hart
Ms. Nham has been working with defined benefit and defined contribution pension plans, health and welfare plans, and... | Read More
Ms. Nham has been working with defined benefit and defined contribution pension plans, health and welfare plans, and training plans since graduating law school in 2007. Her experience includes all aspects of employee benefits law, including the Employee Retirement Income Security Act, the Internal Revenue Code, the Affordable Care Act, the Consolidated Omnibus Budget Reconciliation Act, and the Health Insurance Portability and Accountability Act.
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