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401kplan summit

401(k) PLAN ADMINISTRATION: HOW TO HELP YOUR CLIENTS AVOID IRS AND DOL PENALTIES

Cost Free
Presentation Length 1.0 hour

Recorded DateMay 8, 2018
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Who Should AttendCPA - small firm
CPA - medium firm
CPA - large firm
Enrolled Agent
Other
Series: Enrolled Agents, Taxes, Retirement Planning, Women in Accounting
Course Description

All 401(k) Plans have specific requirements to comply with IRS and Department of Labor regulations, Employee Retirement Income Security Act of 1974 (ERISA) rules and Plan Document specifications.  Non-compliance can result in large penalties, lost administrative time and create negative employee satisfaction with company benefit programs.  If your client sponsors a 401(k) Plan for their employees, this is a great course to help you guide your client through the myriad of regulations and requirements.  Help them avoid the headaches associated with non-compliance and the cost and time required to correct deficiencies.
 

Learning Objectives

  • Understand all the parties involved in plan administration and their specific responsibilities.

  • Review the basic plan requirements.

  • Examine the monitoring activities needed to ensure the plan remains compliant.

  • Detail the error correction programs available if an error is discovered.

Not logged
PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
Linkedin

Kimberly S. Moore

Summit CPA Group
Audit Partner
kmoore@summitcpa.net
(260) 918-8824

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Kimberly is the Audit Partner with Summit CPA Group headquartered in Fort Wayne, Indiana.  Summit specializes in 401(k) audits and currently conducts over 100 audits per year.  The audits are conducted virtually with staff located throughout the United States.  Kimberly has over 30 years of audit experience working primarily with a Fortune 250 financial services company in the areas of life insurance, annuities, retirement services, brokerage, information technology and other related areas.  She also has experience with Sarbanes-Oxley Program Management and Six Sigma initiatives.   She has worked internationally and throughout the United States.  Kim has headed up the assurance section at Summit CPA since the beginning of 2014.
 

About Our Presenter

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Summit CPA was founded in February of 2002 in Fort Wayne, Indiana with the focus of taking a non-traditional approach to accounting. They did not want clients to be hesitant when called because they were afraid of the end result – A BILL.

Because of the way technology is utilized, their entire 401K Audits are performed without ever stepping foot in a client's location, which was nearly impossible five years ago. Why do most CPA firms have to spend countless hours interrupting the day-to-day activity of their clients? The answer is simple, they don’t, they're just stuck in the past. With the use of Web Portals, E-mails, and GotoMeetings, audits can be performed anywhere.

By taking a non-traditional approach to accounting, Summit CPA has undergone extreme growth since their humble beginnings. When traditional accounting firms have seen level or declining growth over the past 5 years, they have seen annual growths in excess of 15 percent in each of those years.

Do clients like the non-traditional approach? Summet CPA thinks they do.