A lack of documented and implemented processes and controls surrounding payroll and other plan administration practices is leading to a range of errors and compliance issues within employee benefit plans. Payroll fraud schemes are among the most common forms of occupational fraud worldwide, according to the Association of Certified Fraud Examiners (ACFE). These challenges result in significant risks including costly penalties and operational inefficiencies. For enhanced accuracy, efficiency and compliance within employee benefit plans, Artificial Intelligence (AI) offers solutions and is reshaping how organizations approach these audits.
Join our webinar, where our employee benefit plan experts will discuss these transformative technologies, what to anticipate in your 2024 plan year audit and how to establish stronger controls over your payroll and other plan procedures. We'll cover:
- The role of AI in employee benefit plan audits
- Processes and controls to reduce errors in payroll processing and contribution remittances
- SECURE 2.0 and potential implementation pitfalls
- Strategies for an effective and efficient audit process
