Surviving a Retirement Plan Audit: Tips for Efficient Responses and Successful Outcomes

November 12, 2020
Fox Rothschild LLP

Join us for a discussion of the various types of audits for a retirement plan, including tools for responding efficiently, whether the audit is initiated internally or externally. Fox Partner Kathleen R. Barrow will review the areas in which plan operational failures most often occur and demonstrate how internal controls can prevent those failures, or allow them to be corrected before formal submission to the DOL or IRS is required.

Topics will include:

  • Types of plan audits and the goals of each
  • Impacts of COVID-19 on purchase and sale agreements
  • Identifying when an independent financial audit or fiduciary audit is needed
  • Most common operational and fiduciary errors and how they happen
  • Internal controls and protocols for correction when controls fail
  • DOL and IRS Audits: Management of agency investigations