Even the most diligent plan sponsors occasionally run into operational errors in their qualified retirement plans. Timely identification and correction of these issues is key to maintaining compliance. Michael Schmit and James Deets of Alvarez and Marsal will walk you through the many correction programs, procedures, and requirements, which can be confusing to navigate. During this session, you’ll gain the knowledge to properly correct (and potentially avoid) errors and failures which can save money, time, and resources for everyone.

Takeaways

• Identify common operational, fiduciary, and filing issues with retirement plans.
• Understand the differences in IRS and DOL correction programs and the common methodologies for resolving issues as well as alternatives.
• Mitigate potential resource burdens associated with identifying and correcting operational failures in qualified plans.