Employee Benefit Plans Conference 2020

May 4, 2020 ‐ May 6, 2020



Sessions

Risk Assessment Standards (Repeat of Session 7)

May 6, 2020 8:00am ‐ May 6, 2020 9:15am

Identification: EBP2066

Operation Level : Advanced

Operation Advanced Prep : None

Operation Credit Type : Auditing

Operation Prerequisites : 6-10+ years in the profession

Operation Minutes : 75

Operation Credits : 1.5

To Be Announced.

Speaker(s):
Category: Concurrent Session Onsite and Online

Top Ten ERISA Compliance TrapsTop Ten ERISA Compliance Traps

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Top Ten ERISA Compliance Traps

May 6, 2020 8:00am ‐ May 6, 2020 9:15am

Identification: EBP2067

Operation Credit Type : Taxes

Operation Level : Intermediate

Operation Prerequisites : 3-5 Years in the Profession

Operation Advanced Prep : None

Operation Minutes : 75

Operation Credits : 1.5

This session will discuss DOL investigations and penalties and what practitioners and employers can learn from these case studies.

Learning Objectives:
  • To learn best practices from DOL case studies
  • To learn bad practices from DOL case studies
Speaker(s):
  • Jodi Green, Tatum Hillman & Powell
  • Brandon Long, Shareholder & Benefits/Compensation Practice Leader, McAfee & Taft
Category: Concurrent Session Onsite and Online

Common Investments in Employee Benefit Plan Plans

May 6, 2020 8:00am ‐ May 6, 2020 9:15am

Identification: EBP2068

Operation Credit Type : Accounting

Operation Level : Basic

Operation Prerequisites : 1-2 Years in the Profession

Operation Advanced Prep : None

Operation Minutes : 75

Operation Credits : 1.5

Please Note: This session is part of the A&A Fundamentals sessions and facilitators have asked that attendees bring a laptop computer in order to fully participate in these sessions.

This session provides an overview of investments commonly held by defined contribution plans and focuses on investment testing and disclosures relevant to the fundamentals track case study.

  • Identify the key characteristics of various investments commonly held in plans, including insurance products, common/collective trust funds, pooled separate accounts, mutual funds, and self-directed brokerage accounts.
  • Recall the risk assessment of relevant assertions and the planned audit procedures of the case study.
  • Select sampling and testing procedures utilizing examples from the fundamentals track case study for investments and investment income.
  • Recognize unique financial reporting requirements for investments.
  • Learning Objectives:
    • Identify the key characteristics of various investments commonly held in plans, including insurance products, common/collective trust funds, pooled separate accounts, mutual funds, and self-directed brokerage accounts.
    • Recall the risk assessment of relevant assertions and the planned audit procedures of the case study.
    • Select sampling and testing procedures utilizing examples from the fundamentals track case study for investments and investment income.
    • Recognize unique financial reporting requirements for investments.
    Speaker(s):
    Category: Concurrent Session Onsite and Online

    Employer Sponsored Guaranteed Lifetime Income – Why Women Win At Work - Presented by Pacific Life Insurance Co

    May 6, 2020 8:00am ‐ May 6, 2020 9:15am

    Identification: EBP2069

    Operation Advanced Prep : None

    Operation Minutes : 75

    Operation Credits : 1.5

    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.

    Speaker(s):
    • Marty Menin, BS, Sr. Director, Pacific Life Insurance Company
    Category: Concurrent Session Onsite and Online

    Networking Break - Refreshments and Vendor Displays

    May 6, 2020 9:15am ‐ May 6, 2020 9:45am

    Category: Networking Break - Vendors Exhibits

    Cybersecurity Incident Response: A Walk Through A Data Breach

    May 6, 2020 9:45am ‐ May 6, 2020 11:00am

    Identification: EBP2070

    Operation Credit Type : Information Technology

    Operation Level : Intermediate

    Operation Prerequisites : 3-5 Years in the Profession

    Operation Advanced Prep : None

    Operation Minutes : 75

    Operation Credits : 1.5

    Walk through a cybersecurity incident with a cybersecurity attorney and a FBI agent from the Cyber Crimes Division. Beginning with an overview of common threats in 2019 this session will delve deep into practical guidance on what to do and not to do in a cybersecurity event.

    Learning Objectives:
    • Distinguish common cybersecurity threats
    • Learn best practices for handling a cybersecurity incident
    Speaker(s):
    • Beth Waller, Attorney, CIPP (US) / CIPP (E), Chair, Cybersecurity and Data Privacy Practice , WR
    • Stuart VonCanon, FBI Cyber Crimes Division
    Category: Concurrent Session Onsite and Online

    Advanced SOC-1 Matters (Repeat of Session 15)

    May 6, 2020 9:45am ‐ May 6, 2020 11:00am

    Identification: EBP2071

    Operation Level : Advanced

    Operation Advanced Prep : None

    Operation Credit Type : Auditing

    Operation Prerequisites : 6-10+ years in the profession

    Operation Minutes : 75

    Operation Credits : 1.5

    This session will address advanced topics related to SOC 1 reports and their utilization within an employee benefit plan audit. At the end of this session attendees will be able to:

    Learning Objectives:
    • Evaluate risk assessment considerations from current guidance with a focus on SOC 1 reliance considerations and requirements and assess SOC 1 report adequacy of presentation, testing and control coverage.
    • Evaluate user entity controls relevancy and level of testing the user entity should consider and the effect on the EBP audit.
    • Analyze carve-outs and their relevancy for the user entity and the effect on the EBP audit.
    • Identify and analyze qualifications, exceptions, missing control coverage, inadequate control testing (such as inquiry only) and the effect on the EBP audit and apply session takeaways to develop/enhance best practices within their respective firms.
    Speaker(s):
    Category: Concurrent Session Onsite and Online

    The Changing Landscape of Account-Based Health Plans

    May 6, 2020 9:45am ‐ May 6, 2020 11:00am

    Identification: EBP2072

    Operation Credit Type : Taxes

    Operation Level : Intermediate

    Operation Advanced Prep : None

    Operation Prerequisites : 3-5 Years in the Profession

    Operation Minutes : 75

    Operation Credits : 1.5

    This session will cover changes to health reimbursement arrangements (HRAs) and health savings accounts (HSAs) that may lay the groundwork for an emerging shift from defined benefit to defined contribution in the health care space.  Specifically, we will discuss the new IRS, DOL, and HHS rules governing HRAs, effective for 2020 plan years, that allow these arrangements to be used more broadly and flexibly by employers.  We will identify compliance concerns expected to arise as these new arrangements are implemented.  We will also discuss changes to permissible high-deductible health plans associated with HSAs to understand how these arrangements are permitted to cover additional medical items without cost-sharing.

    Learning Objectives:
    • Understand when and how HRAs may be offered to employees
    • Understand what medical items may be offered without cost-sharing in a high-deductible health plan
    Speaker(s):
    Category: Concurrent Session Onsite and Online

    Auditing in an Electronic Environment: Best Practices and Considerations (Repeat of Session 44)

    May 6, 2020 9:45am ‐ May 6, 2020 11:00am

    Identification: EBP2073

    Operation Level : Intermediate

    Operation Advanced Prep : None

    Operation Credit Type : Auditing

    Operation Prerequisites : 3-5 Years in the Profession

    Operation Minutes : 75

    Operation Credits : 1.5

    Technology is constantly evolving and as a result, how we interact with our clients and their providers as well as how we obtain information continues to change. In this session, you will learn the unique issues encountered by EBP auditors when auditing in an electronic environment.

    Learning Objectives:
    • To understand the unique issues encountered by EBP auditors when auditing in an electronic environment.
    • To share best practices.
    Speaker(s):
    Category: Concurrent Session Onsite and Online

    How the Experts Identify Unrelated Business Taxable Income

    May 6, 2020 9:45am ‐ May 6, 2020 11:00am

    Identification: EBP2074

    Operation Credit Type : Taxes

    Operation Level : Advanced

    Operation Prerequisites : 6-10+ years in the profession

    Operation Advanced Prep : None

    Operation Minutes : 75

    Operation Credits : 1.5

    The tax on unrelated business income (UBI) presents unique challenges for exempt organizations and especially for employee benefit plans. This session will explore the rules for UBI in general, with a special emphasis on those that apply to employee benefit plans.

    Learning Objectives:
    • Understand the background and framework of the tax on unrelated business income
    • Understand which elements of your investment portfolio may generate UBI.
    • Analyze the UBI implications of funding an employee benefit plan
    • Calculate the tax liability for an employee benefit plan or other exempt organization with UBI.
    Speaker(s):
    Category: Concurrent Session Onsite and Online
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