Available in:

OnDemand Course

Using Voluntary Correction Programs to Correct Common Health and Retirement Plan Errors

Learn how to properly correct errors on your company's qualified retirement plans and minimize penalties.

Although sponsors of employee benefit plans are all likely aware of the importance of maintaining their plans in compliance with applicable laws such as the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code, they may not be aware of what to do when a mistake occurs regarding plan administration. Depending on the situation, one option may be to utilize a voluntary correction program offered by the Department of Labor or the Internal Revenue Service. This topic is intended to provide you with helpful and easy to use information regarding these programs so that in the event that you should ever need to utilize one, you know where to begin.

91 minutes
Course Exam
Certificate of Completion
Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Introduction

  • How Do Mistakes Happen?
  • Identifying Plan Errors
  • Correction Programs Available

Voluntary Correction Programs

  • The IRS Employee Plans Correction Resolution System (EPCRS)
  • The DOL Voluntary Fiduciary Correction Program (VFC)
  • The Delinquent Filer Voluntary Compliance (DVFC) Program

Examples

  • Common 401(k) Plan Errors
Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, New Hampshire, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on May 29, 2020.

Call 1-866-352-9540 for further credit information.

  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of A/V credit under the Law & Legal Procedure category.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Gabrielle (Gabby) A. Hansen

Gabrielle (Gabby) A. Hansen

Barran Liebman, LLP

  • Associate at Barran Liebman, LLP
  • Enjoys advising clients on a broad range of employment compliance matters
  • She focuses on representing employers in a variety of ERISA and employment matters, proactively working with clients to attain effective and favorable outcomes
  • Knowledgeable about affirmative action plans, which can pose unique and complicated challenges for the employers required to maintain them
  • Assists clients by drafting noncompetes, employment agreements, contracts, and various documents related to health and retirement plans
  • Highly involved in the community, serving on the Business for a Better Portland Associate Board of Directors, and participating as a member of the American Bar Association, Joint Committee on Employee Benefits, Western Pension & Benefits Council, Oregon Women Lawyers, Portland Human Resources Management Association, Society for Human Resource Management, and the Multnomah Bar Association Young Lawyers Section
  • J.D. degree, magna cum laude, Willamette University College of Law; B.A. degree, cum laude, in philosophy and Spanish, University of Portland
Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 407472
Published 2020
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!