Common Compliance Issues with Pension or 401(k) Plan Administration Webinar
Credit unions choosing to sponsor pension or 401(k) plans for their employees take on a great deal of fiduciary responsibility and liability under the Employee Retirement Income Security Act of 1974 (ERISA). Many believe the responsibility solely falls on their third-party administrator, when in fact there are still many aspects of the benefit plan administration process that are the responsibility of the credit union’s personnel managing the plan.
Most plan sponsors are unaware of the many duties required of them as a fiduciary or weight of responsibility it carries. Join this complimentary webinar to uphold your fiduciary responsibility to stay informed about matters potentially impacting your plan as we discuss:
The up-to-date lengthy list of compliance rules and regulations of ERISA, the Internal Revenue Service and the Department of Labor
Best practices and internal controls needed to prevent or detect plan operational failures
The most common audit findings related to employee benefit plans
Available options to correct plan operational issues
Understand your fiduciary responsibility as a plan administrator
Become aware of regulations affecting your plan
Learn common audit findings to avoid and corrective actions available
Who Should Attend
Plan Administrators, Plan Trustees and Fiduciaries, Human resources and Benefits Personnel, and Internal Audit
Earn 1 credit of specialized knowledge CPE through a group-online delivery method. No prerequisites or advanced planning for this basic-course level.
Credit union Audit Manager Jeanine LaBarbera will be presenting the webinar.
To inquire about complaint and program cancellation policies, please contact our office at 248.244.3000. Due to this program being offered free of charge, there will be no refunds issued.
CPActivity, LLC 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 the 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 website: www.learningmarket.org.
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