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“OOPS! What Can Go Wrong: And What to do About It!”

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On September 12, 2018 Sobel & Co. will host our quarterly Employee Benefit Plan luncheon webinar to be led by Robert A. Lavenberg, CPA, JD, LL.M and President of ERISAworks,LLC, entitled:

“OOPS! What Can Go Wrong: And What to do About It!”

During this important discussion Bob will draw on his more than three decades of experience with the Employee Retirement Income Security Act of 1974 to remind you - as owners, CFOs, and Plan Administrators - of your responsibilities for overseeing your organization’s employee benefit plans.

Retirement plans are complicated and difficult to manage. And all too often company leaders believe that if they hire a Third Party Administrator, a Record Keeper or even a Plan Advisor or auditor, then they don’t have to worry about operating (OR the operations of) the Plan. 

But that is simply not true! 

What is true is, though, is that everyone involved has an obligation to be aware of how effectively the Plan is being administered. To address this, Bob will focus on the issues that are most commonly overlooked. Armed with this knowledge you will either be ready to move quickly to correct any concerns or you will be better prepared to keep the challenges from occurring in the first place. 

Two of the issues that consistently top the list are late remittances and operating outside of the plan document guidelines. As soon as you hear these concerns, you are sure to say, “oh yes – I see that happening all the time!” 

How familiar you are with these circumstances:

  • Late remittances: Never forget that the company must quickly deposit the participants’ contributions; these funds do not belong to the company and as such must be passed on to the plan immediately.
  • Clearly defining ‘compensation’: When a plan participant calculates his/her compensation for purposes of the Plan or a plan sponsor wants to add a matching contribution or make a profit sharing contribution, they must each rely on the related definition of compensation. But how is compensation actually defined? That depends on how the plan documents define it!

Each of these are areas where lack of oversight can lead to serious consequences.

Please join us for lunch at noon or attend remotely at 12:30. To RSVP, please visit our website at