Employee benefit plan audits play an important role in proecting plan participants and supporting compliance with ERISA regulations, yet many plan sponsors and HR professionals are uncertain how best to prepare. Join representatives from the DOL and the auditing profession for a practical discussion of selecting a quality auditor, preparing for an audit, responding to DOL correspondence, and avoiding common findings. Attendees will gain actionable insights to the audit process and their improving audit experience.

Key Objectives

Identify the characteristics of a qualified employee benefit plan auditor and understand the plan sponsor's responsibilities in the auditor selection process. Describe key steps in preparing for an employee benefit plan audit, including documentation, internal controls, and communication practices that contribute to an efficient audit. Recognize common audit and compliance findings, understand how to respond to DOL correspondence, and implement practices to reduce future plan risks.