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Best Practices for Resolving Operational Errors through the Employee Plans Compliance Resolution System


Webinar
Product Code - HRAU01
Speaker(s): Christina Anstett, Senior Vice President and Chief Legal Officer with USI Consulting Group; Avaneesh Bhagat, Group Manager for the Internal Revenue Service’s Voluntary Compliance Group
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Many Plan sponsors uncover, both through their annual plan audit and daily administration of their defined contribution retirement plans, operational defects and errors. Often times these defects require participation in the Employee Plans Compliance System (EPCRS) to correct the plan in order to continue to receive tax-favored retirement benefits and to protect the retirement benefits of employees and retirees.

Join Christina Anstett, Senior Vice President and Chief Legal Officer with USI Consulting Group, and Avaneesh Bhagat, Group Manager for the Internal Revenue Service's Voluntary Compliance Group in El Monte, California, as they discuss best practices for plan fiduciaries that elect to participate in EPCRS.

During this webinars, attendees will learn about EPCRS and the three correction programs sponsors can utilize:

  • The Self-Correction Program (SCP)
  • The Voluntary Correction Program (VCP)
  • The Audit Closing Agreement Program (CAP)

Topics addressed include:

  • What is the best approach to ensure that the defect does not occur again and is corrected going forward?
  • Are plan amendments required?
  • Which correction program under the EPCRS is the appropriate one to use for a specific operational error or defect?
  • How can you leverage IRS resources to ensure a timely and successful submission?

Register quickly and easily online  to secure your space now. Or, please call 1-800-372-1033 option 6, then sub-menu option 1, and refer to date and title of conference. Lines are open Monday through Friday from 8:00 a.m. to 8:00 p.m. ET, excluding most federal holidays.

Don't miss this opportunity to hear a lively, dynamic presentation. Not only are Webinars an excellent way for you to stay current; with Bloomberg BNA you also get:

  • Quality. Count on it. Nothing is canned.
  • Objectivity. Bloomberg BNA provides you with the best and most objective information. Unlike other companies, we don't use our Webinars as a forum to sell outside solutions.
  • Affordability. Bloomberg BNA Webinars are inexpensive compared to the cost of travel to attend a conference. Plus, you may use a speakerphone and invite as many of your colleagues as you want to listen in-all for the price of a single registration.
  • Convenience. No airlines. No travel. No time out of the office.

In addition, you'll receive:

  • Personal attention. Once you've registered, send your questions in advance to sharper@bna.com and they'll be included in the program. You'll also have a chance to ask your questions during the Webinar.
  • Follow-up materials. You need no materials upfront to follow along to our live conference. But Bloomberg BNA always issues a follow up e-mail with contact information for our speakers, as well as other materials related to the topic.
  • 1.5 HRCI credits by attending this Webinar. Find out how.

HRCI

Christina Anstett, Senior Vice President and Chief Legal Officer with USI Consulting Group; Avaneesh Bhagat, Group Manager for the Internal Revenue Service’s Voluntary Compliance Group

Anstett resized
Christina Anstett, J.D.
 is Senior Vice President and Chief Legal Officer at USI Consulting Group.  Together, with a team of attorneys, paralegals and consultants, she works directly with clients in the design, implementation and ongoing administration of employee retirement and executive compensation programs. Tina also consults with clients regarding ERISA and fiduciary issues and the effects of changes in corporate structure and other corporate transactions on employee benefit plans. She assists clients with IRS and DOL audits, correction of plan defects, the drafting of required plan documentation, IRS filings, as well as ongoing compliance with constantly changing federal laws and regulations. Tina and the Regulatory and Compliance Consulting Team keep clients informed of legislative and regulatory developments through ongoing discussions, seminars, webcasts, newsletters, and periodic communication updates focused on planning for attendant business issues and concerns. Tina received her law degree from Western New England University School of Law and a B.A. degree from New York University. She successfully completed the FINRA's General Securities Representative Examination (Series 7) and the FINRA's Series 66. Tina is admitted to practice in the State of Connecticut and is a member of the Connecticut Bar Association and the American Bar Association. She joined the company in 1995.

 

Bhagat
Avaneesh Bhagat
 is the Group Manager for the Internal Revenue Service's Voluntary Compliance Group in El Monte, California. His responsibilities include assisting with the resolution of applications made under VCP, assisting with the development of the revenue procedure relating to the correction programs for qualified plans, providing information on correction programs, and responding to inquiries relating to plan corrections and potential VCP applications. Avaneesh has worked with the examination, determination letter and voluntary compliance functions of the IRS' Employee Plans Division since 1988.