Published: August, 2022
Employee Retirement Income Security Act (ERISA) guidelines generally require plans with 100 or more participants at the beginning of the plan year to have an audit of the plan’s financial statements. The IRS requires all plans that must be audited to attach those financial statements to its Form 5500 tax filing.
The The number one reason for lawsuits against employer-sponsored retirement plans is breach of fiduciary responsibility.
Among the first things you will request are plan-related documents. As a best practice, these documents should be easily accessible, organized, and current.
Plan auditors are in a perfect position to detect gaps in plan oversight; however, most audit procedures don’t include simple steps that would identify those breaches.
In this online CPE course, participants will take away a fresh perspective on how they can add value to retirement plan audits by learning about the essential documents of plan governance and retention best practices. How essential documents can be incorporated into audit procedures and the recommendations they should be making to clients. By focusing on plan governance, auditors can make performance improvement observations that will help plan sponsors understand the prudent process they are required to follow and improve the quality of the retirement plan they offer employees.
In this Retirement plan governance best practices CPE/CE webinar following key topics are covered:
This online CPE course provides a more detailed review of the essential documents for retirement plans and how to incorporate them into audit procedures.
Click for online CPE webinars on Accounting & Auditing
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) 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 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.NASBARegistry.org.
President, Ashford Investment Advisors
Kathleen Dulko started her financial services career as a CPA focusing on retirement plan, health care, and government audits. In 2010, she earned the position of Corporate Controller for a tax-supported healthcare system, where she was a member of the Retirement Plan and Investment Committees, overseeing more than $1 billion in assets. Ms. Dulko joined Ashford Investment Advisors in 2017 where she serves as a 3(38) Investment Manager to her retirement plan clients. Connect on LinkedIn for regular updates on Plan Governance!
Ashford Investment Advisors is a Registered Investment Advisor (RIA) based in Daytona Beach, Florida. We are proud to offer our services as a 3(38) Investment Manager. Our unique service model combines the plan governance components of a named fiduciary with the risk transfer benefit of a 3(38) Investment Manager. Visit our website at AshfordPlanReview.com to sign up for our monthly newsletter and learn more about PlanAssure, our exclusive 12-point plan governance process.