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Qualified retirement plans: How to avoid common errors with audits & stay ahead of compliance issues

Stay compliant

One of retirement plan sponsors’ top priorities should be to ensure their plans meet the qualification requirements under Internal Revenue Code (IRC) section 401(a). Maintaining qualified status is often something that is easier said than done, however, due to the many complex and technical IRC requirements. As a result, some plan sponsors find themselves facing the severe consequences that can result from falling out of compliance. This webinar will cover common plan failures and how to fix them using the appropriate correction method based on the type of mistake, the significance of the error, and when it occurred.

What you'll learn

  • Understand common plan failures
  • Learn how to self-correct using the available IRS correction methods
  • Identify the differences between correction methods and if fees are involved

Who should watch

  • Anyone who works with qualified retirement plans
  • Plan sponsors and trustees
  • CFOs/controllers
  • HR and payroll professionals
  • Attorneys who work with retirement plans

Additional information

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Keep your plan in compliance or face the consequences.

On-demand webinars are not eligible for CPE/HR credit.

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Connect with Brad

Brad Bechtel
Senior Vice President,
Employee Benefits Services

Brad leads the employee benefit services (EBS) division, which serves clients nationwide. EBS is one of the region's largest providers of retirement plan recordkeeping services for daily valuation plans and employee stock ownership plans. The division provides accounting and consulting services to clients on employee benefit plans including plan design, implementation, operation, fiduciary due diligence, and compliance.

Brad is also well-versed in executive compensation planning involving non-qualified plans, such as phantom stock plans, top hat plans, excess benefit plans and other deferred compensation approaches. He has served as consultant to numerous Fortune 500 corporations in the area of investment management and fiduciary due diligence. He also provides search and selection due diligence consulting services for companies seeking new investment and recordkeeping providers for their qualified plans.

Brad is a graduate of the University of Nebraska-Lincoln, where he received his bachelor of science degree in finance. He graduated with the highest distinction from the Keller Graduate School of Management with a master of business administration degree and is a registered investment advisor with Series 7, 24, and 66 FINRA registrations.