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Description
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Best Practices for 401 (k) Sponsors
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webinar listing
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Tuesday, Oct. 11, 2011 - 2 p.m. ET / 11 a.m. PT - COMPLETED
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Many 401(k) plan sponsors can sometimes feel beset on all sides. Government regulators can initiate random audits -- triggering weeks, months, or even years under the microscope of Uncle Sam's chief tax collector (the IRS) or his ERISA enforcer (the DOL). The smallest mistake uncovered during such an audit can cost the sponsor a small fortune.
But that's not all. In recent weeks, stock market volatility has left employees looking for answers -- and pointing fingers -- as their account balances tumble. Participant lawsuits over investment performance have never been more common.
In other words, 401(k) plan sponsors are exposed on at least three fronts: government audits, which can lead to penalties and correction costs; errors in administration, which can lead to correction costs; and participant lawsuits, which can lead to legal fees, settlement costs and/or adverse judgments.
But plan sponsors can avoid much of this risk -- and most of the aggravation -- if they implement simple procedures designed to prevent errors, mitigate the damage of any mistakes that do occur and properly insulate the sponsor from liability for the performance of plan investments. This webinar will arm 401(k) plan sponsors with strategies for preventing, identifying and correcting problems before they become catastrophes.
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"The use of this seal is not an endorsement by the HR Certification Institute of the quality of the program. It means that this program has met the HR Certification Institute's criteria to be pre-approved for recertification credit."
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Presenters: |
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Gregory L. Ash
Partner - Spencer Fane Britt & Browne LLP
Greg is a partner in Spencer Fane's Overland Park office, where he is a member of the firm's Employee Benefits Group and Chair of its ERISA Litigation Group. For over 15 years Greg's practice has focused exclusively on ERISA and other laws governing employee benefits, including matters affecting pension, profit sharing, ESOP, 401(k), executive compensation, and welfare plans. He regularly counsels clients of all sizes - including multiemployer "Taft-Hartley" funds, Fortune 100 corporations, small privately-held employers, and boards of directors - on benefits issues such as executive deferred compensation, plan design and administration and fiduciary compliance.
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Lawrence Jenab, Partner
Spencer Fane Britt & Browne LLP
Larry is a partner in the firm's Employee Benefits and ERISA Litigation groups. His practice emphasizes ERISA and other aspects of employee benefits law, including tax and fiduciary matters. He also has experience successfully litigating complex ERISA preemption and standing issues. Larry received his Master's Degree with Honors and his juris doctor from the University of Kansas, where he was Editor in Chief of the Kansas Law Review. He received the C.C. Stewart Award for graduating first in his class and is a member of Phi Beta Kappa and the Order of the Coif. Before joining Spencer Fane, Larry served as law clerk to the Honorable Deanell Reece Tacha, Chief Judge of the U.S. Court of Appeals, Tenth Circuit, and as Lecturer in Law at the University of Kansas, where he taught Civil Procedure. Larry also worked for the Japanese Ministry of Education, serving in Miyazaki Prefecture, where he taught high school English. He also attended the Musician's Institute in Hollywood, California, where he studied guitar performance. Larry's recent lecture topics include employee wellness programs and ERISA health-plan reimbursement actions.
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