"401(k) Audit Preparedness for HR Professionals"
presented by: Victor H. Hicks II, CFP®, AIF®, Owner & Managing Principal, Lumin 401(k) Advisors, Southfield MI
Managing an employer-sponsored retirement plan is usually not the biggest priority for business owners and HR Managers. However, managing a retirement plan can expose representatives of the employer to significant personal liability; which is a risk that can be mitigated through prudent processes. It is often assumed that service providers are managing the prudent process, but this is seldom the case. In this session, Victor will share his 19+ years of experience, related to “401(k) Audit Preparedness”…from the perspectives of the regulators, plan sponsors and plan participants.
Upon completion of the webinar, HR professionals will gain insights into:
- Highlighting the value of their role in managing 401(k) plans
- Gaining helpful tips on how to protect employers from the inevitable regulatory audit
- Learning “actionable” steps to improve the administrative process, and helping employees prepare for retirement
This webinar has been approved for 1.0 General Credit.
Complimentary for Detroit SHRM Members
$25 for Non-Members of Detroit SHRM
ABOUT THE SPEAKER:
Victor Hicks provides investment advice to ERISA retirement plans of small-to-mid sized businesses. He is a CERTIFIED FINANCIAL PLANNER™ with nearly 20 years of experience and specialized training, helping retirees and pre-retirees plan for their retirement. He earned the Accredited Investment Fiduciary® Designation from the Center for Fiduciary Studies. The AIF Designation certifies that he has specialized knowledge in the “fiduciary standards of care” for ERISA retirement plans.
Since 1995, Victor has helped clients overcome the administrative burden of running an employee benefits plan, including such activities as managing fiduciary risk, writing investment policy statements, facilitating investment committees, and designing employee communication programs. Most of his work is done in collaboration with the client’s CPA or Benefits Attorney.
Victor resides in Michigan, with his wife Emily, son Victor III, and daughter Sydney. They enjoy competitive sports, the performing arts, relaxing by the pool, and laughing with family and friends. As a community volunteer, he enjoys coaching, serving men’s groups, and supporting financial literacy programs.
AWARDS & ASSOCIATIONS
- A "Top-Scoring Wealth Manager " (HOUR Detroit 2010-2014)
- National Association of Plan Advisors
- Former associate, Raymond James “Leaders' Council” 2008-2010
- Financial Planning Association, Past Board Member
- Michigan Association of CPAs
- Society of Human Resource Management
- College For Financial Planning
- University of Michigan Ross School of Business, Bachelors
About Lumin Financial
Lumin Financial is a fee-only independently-owned Registered Investment Adviser, specializing in 401(k) plans for small- to mid-sized employers. Lumin works on a non-commission fee-only basis, serving investors with a disciplined approach to managing investments, advising on HR compliance matters, and reducing excessive plan fees. Let them help you prepare for what’s next.