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Common Employee Benefit Plan Operational Errors
Employee Benefit Plans

Common Employee Benefit Plan Operational Errors

Avoid common errors and address operational faults when auditing 401(k) plans.

$109 - $131
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Nov 17, 2022

NASBA Field of Study




CPE Credits



Gwen Stoute, David Torillo


3 months

Product Number


 Business & partner 
Product Details

The panel of experts will discuss:

  • Operational issues commonly seen in employee benefit plans
  • Correction methods
  • The role of ERISA attorneys and plan auditors in discovering issues
  • Concerns for the plan sponsor and plan auditor

Key Topics

  • Applying the definition of compensation
  • Elective deferrals
  • Participant eligibility
  • Nondiscrimination testing
  • Vesting and use of forfeitures
  • Controlled groups and participant loans

Learning Outcomes

  • Identify operational issues commonly seen in employee benefit plans.
  • Differentiate the role of the ERISA attorneys and plan auditors in discovering issues.
  • Determine what issues may concern the plan sponsor and plan auditor.
  • Select methods of correcting issues.

Who Will Benefit

  • EBP auditors
Credit Info
CPE Credits
NASBA Field of Study
Prior experience auditing employee benefit plans
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
2 hrs
For more information, please refer to CPE requirements and NASBA sponsorship information
Do you have an AICPA membership? Log in to apply your member discount.
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2 to 5 registrants

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6+ registrants

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Contact us
Gwen Stoute
Gwen Stoute serves as the leader of HoganTaylor’s Employee Benefit Plan practice, one of the largest in the Oklahoma/Arkansas region. HoganTaylor’s EBP practice provides audit services to approximately 200 defined benefit and contribution plans, including 401(k), 11K, 403(b), ESOP, and health and welfare plans, and also prepares approximately 400 Form 5500 returns annually. Gwen has 20 years of experience in public accounting, specializing in audits of employee benefit plans. She is experienced in working with various retirement plans of all sizes. She also has served privately held companies in many industries, including not-for-profit, architectural/engineering, manufacturing, distribution, transportation and retail. Gwen is a 1997 Summa Cum Laude graduate of the University of Arkansas (B.S.B.A. degree in Accounting). Gwen is a presenter at various conferences, including the AICPA National Conference on Employee Benefit Plan and SouthWest Benefits Association. Gwen is a member of the AICPA and the Arkansas and Oklahoma Societies of Certified Public Accountants. Gwen also serves on the AICPA Employee Benefit Plan conference committee and is a member of the AICPA Employee Benefit Plan Audit Quality Center Executive Committee.
David Torillo
David A. Torrillo is the managing member of Torrillo & Associates, LLC, and oversees the accounting, auditing, and valuation services for the firm. Formerly a senior manager at PricewaterhouseCoopers LLP, Dave has over thirty years of accounting, auditing, SEC and financial reporting experience, primarily in employee benefit plans. Dave also volunteers on several committees, boards and associations. He has instructed courses and authored papers on several accounting topics and also performs quality control reviews. Dave has served on the Pennsylvania Institute of Certified Public Accountants Employee Benefit Plan Committee since its inception in 2007 and has co-presented the Technical Update at the PICPA Employee Benefit Plan Conference numerous times. Dave has been a presenter for numerous topics for AICPA Employee Benefit Plans Conferences as well as for webinars of the AICPA EBPAQC. Dave has served as a member of AICPA Employee Benefit Plans Expert Panel and is currently serving on the AICPA Practice Monitoring Task Force for Employee Benefit Plans and as a member of the AICPA EBPAQC Executive Committee and PICPA Professional Ethics Committee. Dave received his Bachelor of Science degree in Accounting with highest distinction and honors from Pennsylvania State University. He has been a Certified Public Accountant since 1994 and is licensed in Pennsylvania, New Jersey, Delaware and New York. Dave has been a Certified Valuation Analyst (CVA) since 2004 and was awarded the Accredited in Business Valuation (ABV) credential by the AICPA in 2006. He is a member of both the American and Pennsylvania Institutes of Certified Public Accountants, as well as the National Association of Certified Valuators and Analysts. In 2016, Dave received the Advanced Defined Benefit Plans and the Advanced Defined Contribution Plans Audit Certificates from the AICPA.

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Common Employee Benefit Plan Operational Errors
Nov 17, 2022
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Nov 17, 2022
6pm8pm GMT
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