Your defined benefit client has been selected for an audit – now what?
“The qualified pension field is technical and too vast for any one person to know all of it – except for Sal Tripodi,” notes Clint Blankenship, EA, MSPA, MAAA, of McCloud & Associates, Inc.
Things to keep in mind as you prepare – and prepare your client – for that “experience”:
- Client communication is essential to preventing/solving issues.
- The IRS and Pension Benefit and Guaranty Corporation (PBGC) are not the enemy – be willing to work with them.
In a workshop session at this year’s ASPPA Annual Conference in October, Blakenship, joined by ERISA attorney Meredith Sesser, will be looking to close some of that knowledge gap, looking at the latest trends plan sponsors experience in connection with IRS and PBGC audits of DB plans. This year’s conference will be held Oct. 20-23, in National Harbor, MD (just outside of Washington, DC).
They’ll do that with “real-life” examples (presumably the names will be changed to protect the… missteps), explore what to do when selected for an audit, and help you help your clients know how to best prepare for the “process.”
Blankenship says you’ll come away with an in-depth checklist of items required to keep your clients in compliance – and that, at the end of the 50-minute session, you’ll be better prepared for an IRS or PBGC audit.
Be sure to check out:
Workshop 24: IRS and PBGC Audits of DB Plans
Sunday, Oct. 20, 2019
3:15 – 4:05 p.m.
And the rest of the #ASPPAAnnual agenda is at www.asppaannual.org.
Early bird rates fly away Sept. 27!
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