Webinar: Best Practices for 401(k) Plan Sponsors
Tuesday, Oct. 11, 2011 - 2 p.m. ET / 11 a.m. PT
401(k) plan sponsors can sometimes feel beset on all sides. Government regulators can initiate random audits -- triggering weeks, months, or even years under the microscope of Uncle Sam's chief tax collector (the IRS) or his ERISA enforcer (the DOL). Any mistake uncovered during such an audit can cost the sponsor a small fortune.
But that's not all. In recent weeks, stock market volatility has left employees looking for answers -- and pointing fingers -- as their account balances tumble. Participant lawsuits over investment performance have never been more common.
In other words, 401(k) plan sponsors are exposed on at least three fronts: government audits, which can lead to penalties and correction costs; errors in administration, which can lead to correction costs; and participant lawsuits, which can lead to legal fees, settlement costs and/or adverse judgments.
But plan sponsors can avoid much of this risk -- and most of the aggravation -- if they implement simple procedures designed to prevent errors, mitigate the damage of any mistakes that do occur and properly insulate the sponsor from liability for the performance of plan investments. This webinar will arm 401(k) plan sponsors with strategies for preventing, identifying and correcting problems before they become catastrophes.
Gregory L. Ash, Partner - Spencer Fane Britt & Browne LLP
Greg is a member of the firm's Employee Benefits Group and Chair of its ERISA Litigation Group. Greg's practice has focused exclusively on ERISA and other laws governing employee benefits, including matters affecting pension, profit sharing, ESOP, 401(k), executive compensation and welfare plans.
Lawrence Jenab, Partner - Spencer Fane Britt & Browne LLP
Larry is a partner in the Employee Benefits and ERISA Litigation Groups. His practice emphasizes ERISA and other aspects of employee benefits law, including tax and fiduciary matters. He also has experience successfully litigating complex ERISA pre-emption and standing issues.
This series is brought to you by your Member Firm of United Benefit Advisors - a member-owned alliance of more than 140 premier independent benefit advisory firms and one of the nation's five largest employee benefits advisory organizations - and Spencer Fane Britt & Browne LLP, with offices throughout the Midwest and more than a century of experience providing legal counsel.
For more information or to register, contact us today.