From implementing new standards to evolving technology to managing client collaboration, managing an EBP practice can be quite involved. Join us for this 50-minute session as we dive into how some of the challenges and opportunities around performing EBP audits might impact your approach toward these engagements going forward. Topics discussed will include:

If administering an employee retirement plan feels like running a second business, that's because it is! This session will appeal to auditors and plan sponsors alike as they navigate the world of retirement plan governance. This session will show EBP auditors how to add value to their audits through key observations on plan governance issues. Likewise, this session will empower plan sponsors to take a more active and structured approach to plan governance within their organization. Both will add value to the plan and ultimately result in better retirement readiness for participants.

Plan governance issues to be discussed include:
-EBP Oversight Committees/Boards: What is the purpose and structure?
-Plan performance issues: When and how do we make changes?
-Service providers: Who is really looking out for participants?

Many employers are starting to explore the benefit of adding a guaranteed lifetime income solution to their company’s 401(k) plan. Because this is a workplace benefit, employer sponsored lifetime income solutions must offer gender neutral pricing. This means that women who elect a lifetime income benefit provided by their employer get a boost due to their longer life expectancy. Our session will provide more detail about this advantage for women at work and will cover the various lifetime income solutions which are being developed for 401(k) plans.

This session will help you make the most of the EBPAQC tools and resources and perform efficient and effective EBP audits.

The AICPA has a wealth of resources for many aspects of ERISA and retirement planning. AICPA staff and members will review these resources to give participants familiarity with what they can offer for a vibrant ERISA practice or to plan sponsors for use by internal accounting or human resources staff – or even plan participants.

During this session our experts will cover various tax implications as a result of employees working from home remotely both now, during COVID-19, and going into the future.

In this session we will discuss key considerations, risks, and challenges surrounding auditing in a hybrid or fully electronic environment.  This includes understanding the Plan's electronic environment, audit risk considerations, and reliance on electronic reporting and audit evidence.  We will discuss some of the challenges of performing audits remotely and establishing reliance on electronic reports and evidence, and walk through examples of risks, challenges, and options in typical plan audit areas.

Please join our session where we will discuss a variety of considerations involved in changing retirement plan vendors.  The discussion will not be limited to changes in recordkeepers, but will also address issues such as investment option changes, target date funds and other fiduciary services (Trustee, 3(16), 3(21) and 3(38)) and considerations in their use within your plan.

Qualified plan compensation issues are even more complex in a COVID-19 world that includes reduced hours, reduced pay and furloughs.