Employee Benefit Plans Conference 2020

Nov 9, 2020 ‐ Nov 11, 2020

Welcome Remarks & A&A and Tax Update

Preview Available

Welcome Remarks & A&A and Tax Update

Nov 9, 2020 11:00am ‐ Nov 9, 2020 12:00pm

Identification: EBP2001

Operation Credit Type: Auditing, Taxes

Operation Level: Update

Operation Advanced Prep: None

Operation Prerequisites: Other

Operation Minutes: 50

Operation Credits: 1

Operation Alertness Issued: 6

Operation Alertness Required: 4

Operation Sale: 1

Operation Archive: 1

This session will provide an update of various accounting, auditing, and reporting matters affecting employee benefit plans. Our speakers will share their perspectives and experiences.

Learning Objectives:

• Recall accounting and auditing issues that affected this year's audits of employee benefit plans.
• Recognize accounting and auditing considerations for upcoming audit season.
• Identify changes in tax regulations that affect EBPs now, and going forward.

Speaker(s):

• Josie L. Hammond, CPA, National Director of Employee Benefit Plan Services, RSM US LLP
• Jeffrey A. Martin, CPA, Partner, Grant Thornton LLP

Stretch Break

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Stretch Break

Nov 9, 2020 12:00pm ‐ Nov 9, 2020 12:10pm

Identification: EBP20NS01

Washington Regulatory Update with the DOL and IRS

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Washington Regulatory Update with the DOL and IRS

Nov 9, 2020 12:10pm ‐ Nov 9, 2020 1:00pm

Identification: EBP2002

Operation Level: Update

Operation Advanced Prep: None

Operation Credit Type: Auditing, Taxes

Operation Prerequisites: Other

Operation Minutes: 50

Operation Credits: 1

Operation Alertness Issued: 4

Operation Alertness Required: 3

Operation Sale: 1

Operation Archive: 1

Hear an update from the DOL and IRS. After this session attendees will be able to:

Learning Objectives:

• Identify the latest initiatives and priorities within the IRS
• Use the latest regulatory and enforcement developments in planning the EBP engagement and discussing potential issues with plan sponsors.

Speaker(s):

• Jeanne K. Wilson, CPA, JD, Acting Assistant Secretary, Employee Benefits Security Administration (EBSA)

Exhibitor Connection

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Exhibitor Connection

Nov 9, 2020 1:00pm ‐ Nov 9, 2020 1:30pm

Identification: EBP20NS02

Secure Act and CARES Act - Revisited

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Secure Act and CARES Act - Revisited

Nov 9, 2020 1:30pm ‐ Nov 9, 2020 2:45pm

Identification: EBP2003

Operation Level: All Levels

Operation Advanced Prep: None

Operation Credit Type: Taxes

Operation Prerequisites: 3-5 Years in the Profession

Operation Minutes: 75

Operation Credits: 1.5

Operation Alertness Issued: 6

Operation Alertness Required: 4

Operation Sale: 1

Operation Archive: 1

To Be Announced.

Speaker(s):

• Lisa Germano, President and General Counsel, Actuarial Benefits & Design Company
• Cindy J. Dwyer, CPA, Director, CBIZ MHM LLC
• Avery E. Neumark, CPA, JD, LL.M., Partner, Marks Paneth LLP

Break Activity

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Break Activity

Nov 9, 2020 2:45pm ‐ Nov 9, 2020 3:00pm

Identification: EBP20NS03

Basics of SOC 1 Reports for Use in EBP Audits

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Basics of SOC 1 Reports for Use in EBP Audits

Nov 9, 2020 3:00pm ‐ Nov 9, 2020 4:15pm

Identification: EBP2004

Operation Credit Type: Auditing

Operation Level: Basic

Operation Prerequisites: 1-2 Years in the Profession

Operation Advanced Prep: Other

Operation Minutes: 75

Operation Credits: 1.5

Operation Alertness Issued: 6

Operation Alertness Required: 4

Operation Sale: 1

Operation Archive: 1

This course provides auditors with the basic knowledge necessary to effectively read and understand the components of a SOC 1 report. Topics addressed include: identifying common SOC 1 reports used in EBP engagements, professional standards auditors must satisfy when incorporating the use of SOC 1 reports into EBP audits and tips on recognizing issues commonly encountered.

*Attendees should consider attending the Advanced SOC 1 Matters for more advanced discussion on issues related to SOC 1's and how to address them.

Learning Objectives:

• Identify differences between Type 1 and 2 SOC 1 reports and how they impact EBP engagements
• Recognize the basic elements of the SOC 1 report
• Distinguish how SOC 1 reports impact risk assessment and planned nature, timing and extent of substantive audit procedures
• Recognize common issues auditors deal with in evaluating SOC 1 reports

Speaker(s):

• Theresa K. Banka, CPA, Partner, Plante & Moran, PLLC
• Darlene Bayardo, BDO

ESOPs - Why Now?

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ESOPs - Why Now?

Nov 9, 2020 3:00pm ‐ Nov 9, 2020 4:15pm

Identification: EBP2005

Operation Alertness Issued: 6

Operation Alertness Required: 4

Operation Minutes: 75

Operation Credits: 1.5

Operation Level: Intermediate

Operation Advanced Prep: None

Operation Credit Type: Taxes

Operation Prerequisites: 3-5 Years in the Profession

ESOPs are not new, but the current environment has unique issues that are causing questions about whether now is the right time to implement an ESOP. This session will have an overview of what an ESOP is and the differences from other plans, as well as what it means for a company to be owned by an ESOP.

Speaker(s):

• Anne Bushman, CPA, Partner, RSM US LLP

Advanced Investments

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Advanced Investments

Nov 9, 2020 3:00pm ‐ Nov 9, 2020 4:15pm

Identification: EBP2007

Operation Prerequisites: 6-10+ years in the profession

Operation Minutes: 75

Operation Credits: 1.5

Operation Alertness Issued: 6

Operation Alertness Required: 4

Operation Sale: 1

Operation Archive: 1

Operation Credit Type: Accounting

Operation Level: Advanced

Operation Advanced Prep: None

Does the plan hold complex investments? Whether a full scope audit or an ERISA 103 (a)(3)(c) audit is performed, the steps to ensure complex investments are properly valued and presented within the financial statements in accordance with appropriate accounting principles remain the same. This session is designed to assist plan administrators and plan auditors in fulfilling that responsibility.

Learning Objectives:

• Define the unique characteristics and valuation methods for a variety of investments including common trusts, collective trusts, group trusts, hedge funds, limited partnerships, and certain derivatives as well as learn how to identify complex investments in the custodial reports.
• Identify how FASB’s guidance related to NAV as Practical Expedient can be incorporated when assessing whether the values in the custody reports for commingled and pooled investments are reflective of fair value.
• Recognize example disclosures to comply with tabular and narrative footnote requirements.

Speaker(s):

• Jennifer Allen, CPA, Partner, Crowe LLP
• Peggy A. Bradley, BA, Senior Vice President | Client Business Solutions, Northern Trust

Exhibitor Connection

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Exhibitor Connection

Nov 9, 2020 4:15pm ‐ Nov 9, 2020 4:45pm

Identification: EBP20NS04