The Internal Revenue Service (IRS) and the Department of Labor (DOL) conduct different types of benefit plan audits, such as retirement plans and health and welfare plans, and for various reasons. In a presentation, Jeffrey Holdvogt and Maggie McTigue discuss IRS and DOL audit triggers, the process for each and what to do if your plan is audited. They also discuss the top audit issues and actionable steps companies can take to avoid audits and compliance issues.
Staying Out of Trouble: How to Avoid IRS and DOL Audits
By Jeffrey Holdvogt and Maggie McTigue on September 14, 2017
Tags: 401(k) plans, ACA compliance, COBRA, Department of Labor, DOL, DOL Audit, Employee Stock Ownership Plans, ERISA, ERISA fidelity bond, ESOPs, HIPAA compliance, IDRs, Information/Document Request letters, Internal Revenue Service, IRS, IRS Audit, profit sharing, stock bonus plans, tax form 1099-r, tax form 5330, tax form 990-t, W-2
Jeffrey HoldvogtJeffrey (Jeff) M. Holdvogt advises clients regarding a wide range of employee benefits matters. He focuses primarily on the design and administration of complex pension, defined contribution and executive deferred compensation arrangements. Jeff counsels privately and publicly held corporations on ongoing day-to-day retirement and executive compensation issues, as well as employee benefits design and transition matters arising from corporate mergers, acquisitions and divestitures. Read Jeff Holdvogt's full bio.
Maggie McTigue Maggie McTigue focuses her practice on employee benefits matters relating to pension and 401(k) plans, executive compensation, and health and welfare benefit plans. She regularly assists clients with employee benefit plan filings and notices required by the Department of Labor and the Internal Revenue Service. Maggie also has experience regarding plan investment issues under the Employee Retirement Income Security Act of 1974 (ERISA). Read Maggie McTigue's full bio.
Related Posts
- It Could Happen to You: Tips for Acing a Benefit Plan Audit
- DOL Issues Final Electronic Disclosure Rule for Retirement Plans
- Fridays With Benefits Webinar | Quick & Easy Recipes for Fixing 401(k) Plans
- Get Your Game On – How To Handle IRS and DOL Audits
- Adding Value to Your Organization: Benefits Best Practices to Avoid Common Mistakes
BLOG EDITORS
STAY CONNECTED
TOPICS
ARCHIVES
RECENT POSTS
- New 50-State Survey | ID Verification for Telemedicine Encounters
- Mental Health Parity, Quantitative Treatment Limitations, Employee Assistance Plans and the End of the COVID-19 Emergency
- A Win for Employers: Ninth Circuit Holds That California AB 51 Prohibiting Mandatory Arbitration Is Pre-empted by the Federal Arbitration Act
- New Jersey Healthcare Transactions Now Face Onerous Employment Requirements
- Telehealth and the End of the COVID-19 Emergency
