With the start of the New Year, we thought we would have a Confero on a topic that is underrepresented and less written on: common plan errors. The fact of the matter is, plan errors do happen. We found that there is not much content out there on what could go wrong, and, if something does go wrong, what is the proper course of action to fix an error. So that is what we did with Issue 17 of Confero.
In this issue, we focus on common plan errors, including, 401(k) plan errors, employee benefits plans, late deposits, and operational errors. Our goal is to inform readers of the problems that you could face so that you have a course of action. Errors do not have to feel so daunting. It happens to the best plan sponsor, and there are people out there who can help.