The odds are pretty good that there has never been a perfectly-run qualified plan. Plan management is a complex task that requires exceptional communication between multiple parties in the midst of ever-changing laws and regulations. It is possible, however, to streamline your plan so that it runs efficiently and comes through audits with few – and minor – corrections. Streamlining requires plan sponsors to establish clear rules for plan operations, develop processes to ensure plans remain in compliance with the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code and quickly correct any issues identified.