When the Department of Labor wants to audit your business’s retirement plan, it would be helpful if everything was in order. It would also help to know in advance what you are in for, and what information they might require.
On Thursday, February 25, Eric Suhr of Pathway Retirement will walk business owners, HR professionals, office managers, financial advistors, accountants, and anyone else who oversees a company’s retirement plan through the steps of a DOL audit. The event, held by the Somerset County Business Partnership, will be held at 8:30 a.m. at the Business Partnership headquarters, 360 Grove Street in Bridgewater. Free for Partnership members, $30 for nonemmbers. For more information, call 908-218-4300 or visit www.scbp.org.
“Responding to a government audit can be a daunting task,” said Diana Sieberg, vice president of the Business Partnership. “Understanding how to respond and how to accumulate the appropriate data is critical preparation.”
This program is being hosted by the Financial Services Special Interest Group. The mission of the FiSIG is to educate the SCBP members on issues affecting their personal and professional financial lives, so often intertwined in small- and mid-sized businesses. The group also meets regularly to discuss economic and legislative issues that may impact business and/or personal profitability, share best practices and offer educational workshops to the general membership.