What to Expect When a DOL Qualified Plan Auditor Comes Knocking

  • 04/11/2019
  • 11:30 AM - 1:00 PM
  • Maggiano’s Little Italy (DTC), 7401 S Clinton St, Englewood, CO 80112
  • 10


Program Agenda:

  • Examination Statistics
  • Audit Process and Tips for Managing the Process
  • Common Plan Errors Discovered During an Examination and How to Avoid Them
  • Missing Participants – THE Hot Topic for the DOL
  • An Overview of the Voluntary Fiduciary Correction Program (VFCP)


What to Expect When a DOL Qualified Plan Auditor Comes Knocking

A notification of a plan examination can generate a great deal of anxiety for a plan sponsor. The presenters will discuss the process of the examination as well as effective approaches to complete a plan examination in an efficient manner. You'll get an overview of the data most frequently requested by the DOL, learn the common issues usually discovered during an audit process, and an overview of the DOL’s Voluntary Fiduciary Correction Program. This session will include ample time for discussion and questions from participants.

Key Takeaways:

  • How to prepare for an audit by the DOL
  • Common plan errors and best practices to avoid them
  • Tips and strategies to survive an audit

Susan Schultz is a Director of Compensation and Benefits with Arrow Electronics, Inc. Arrow, based in Centennial, Colorado, is a global company with approximately 18,000 employees worldwide specializing in electronic components and computer products. Ms. Schultz provides strategic direction and operational oversight to compensation and benefits programs for Arrow employees located in North and Latin America.

Kim Schultz is a Managing Director with Alvarez & Marsal, specializing in compensation and benefits planning and consulting. Kim brings years of experience in providing a full range of consulting services on all types of qualified retirement plans and health and welfare arrangements. She spends much of her time on plan and compliance issues, reviewing plan operations, streamlining processes and procedures, identifying issues and then helping clients through the various correction programs.

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