Evaluating your Practices and Procedures!

As a plan sponsor you believe you are administering your plan correctly.  However, do you have practices and procedures in place to identify and correct errors and follow your written plan?

One of the most common errors identified in IRS audits of 403(b), 457 and governmental plans is failure to follow the provisions of your written plan.

My firm can provide consulting services to review your plan's practices and procedures.

My firm helps you...

  • Evaluate your practices and procedures by identifying what your written plan requires and how your current procedures compare to these written requirements.

  • Increase coordination between your Human Resource and Payroll departments for employee benefit plan administration.

  • Increase coordination with your third party record keeper by ensuring you are providing records requested and files transferred are being reconciled.

  • File under the IRS Voluntary Correction Program, if  there are plan operational errors that require filing to make corrections.

If you have questions please complete the form below.

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