EBP2345. Digging Into the Definition of Compensation + 414(s)
It's not uncommon for employee benefit plan auditors to find errors in the application of a plan’s definition of compensation. However, truly understanding a plan’s definition of compensation is not always straight forward. This session will explore different definitions of compensation that are commonly used by plans, as well as some of the nuances that can make understanding the definition of compensation more challenging. Address common audit procedures.
Learning Objectives:
- Identify the most common definitions used in plans.
- Recall the definition of compensation
- Indicate common compensation errors and what to do about them.
- Distinguish the difference between compensation and post severance compensation
Date/Time
–
CPE Credits
1.5
NASBA Field of Study
Taxes
Level
Basic
Prerequisites
0-2 years in the profession
Advanced Preparation
None
