Plan sponsors face several daunting challenges when navigating a plan merger or change in service provider. This session will bring focus to three hot topics in employee benefits: benefit plan mergers, transitioning service providers, and recent changes to Form 5500.Our benefit plan specialists will define key considerations when planning for change, from the importance of internal controls to the impact on financial reporting. We’ll share examples of common pitfalls that plan sponsors experience during these transitions, and best practices to avoid them. Next, we’ll outline recent changes to Form 5500, how the rules affect benefit plans, and other important considerations for plan sponsors.
Learn how to address current challenges and prepare for change.
Learning objectives:
- Identify common pitfalls and best practices when merging benefit plans or changing service providers.
- Examine the impact of mergers and acquisitions or a change in service provider to plan financial reporting.
- Address recent Form 5500 updates and the impact to plan sponsors.
