Jennifer Chung, Esq. | Vice President, Senior Compliance Officer
As the company’s senior benefits compliance officer and lead ERISA counsel, Jen manages the benefits compliance team and drives the strategy and development of our benefits compliance policies, processes and training. She works closely with our account teams to help ensure that we have appropriate compliance resources to meet client needs when navigating through the complex benefits legislative terrain. Jen is an expert in matters related to health care reform (ACA), COBRA, HIPAA, Code §125 cafeteria plans, wellness programs, tax-qualified fringe benefits, etc.
Jen’s background includes advising small and large companies on complicated qualified retirement plan and health and welfare plan issues. She has considerable experience with corresponding to and defending clients against government agency inquiries, such as Department of Labor audits. Prior to joining Woodruff-Sawyer, Jen worked at TriNet as lead benefits corporate counsel, implementing and developing compliant processes and standard operating procedures for plans with tens to hundreds of thousands of participants. She helped strategize, design and implement ACA compliance support for clients, such as tracking measurement and stability periods, evaluating Applicable Large Employer status, analyzing potential impact of §4980H tax penalty assessments, and reporting requirements under §§6055-6056. Jen developed her benefits expertise as an ERISA attorney at Trucker Huss, a premier ERISA law firm in San Francisco, and further expanded her breadth of benefits experience at the global law firm of Orrick, Herrington and Sutcliffe as a managing attorney.
The Future of Retirement Plans—Pitfalls and Possibilities for 2017 and Beyond
Companies that sponsor retirement plans, as well as their key executives, are fiduciaries. As a result, they have some critical responsibilities to their plan participants. In this presentation, Jonathan will highlight some of the pitfalls that plan sponsors regularly encounter, including potential audit triggers as well as legislative and judicial trends.
Of course, sponsoring a retirement plan presents a multitude of opportunities as well. In turn, Jonathan’s presentation will also detail some of the opportunities available for plan sponsors relating to cost and quality improvements, additional fiduciary protection, and enhanced employee engagement.