A Plan Administrator's Compliance Responsibilities iconA Plan Administrator's Compliance Responsibilities

A Plan Administrator's Compliance Responsibilities

May 15, 2018 1:25pm ‐ May 15, 2018 2:40pm

Identification: EBP1813

Within this session, participants will review a wide array of responsibilities that plan administrators must attend to. and provide focus on plan participant notice requirements. The discussion will cover the following matters:
- Identify basics of plan governance reporting requirements, including Form 5500 vendor and management investment selection
- Recall content, timing, and delivery of monitoring participant notices
- Recognize the importance of documenting all decision making processes and deliberation of decisions
- Indicate the requirements of a typical plan's notices including what's required, timing and delivery requirements
Cybersecurity and Employee Benefit Plans: How to Minimize the Risk (Repeated in Session EBP1821) iconCybersecurity and Employee Benefit Plans: How to Minimize the Risk (Repeated in Session EBP1821)

Cybersecurity and Employee Benefit Plans: How to Minimize the Risk (Repeated in Session EBP1821)

May 15, 2018 1:25pm ‐ May 15, 2018 2:40pm

Identification: EBP1814

No individual, organization or industry is immune from cyber-attacks. Attackers specifically target organizations with access to highly sensitive information, like plan sponsors of benefit plans or service providers. The operation and administration of benefits plans requires collecting, processing and storing data assets among multiple parties. To minimize risks, one must understand the types of data, data flows, control points and the responsibilities of each party involved. Come to this session to:
• Distinguish plan sponsor cybersecurity concerns and responsibilities under ERISA;
• Identify the Department of Labor’s Cybersecurity Considerations for Benefit Plans report and how to use this report in evaluating plan controls and safeguards;
• Recognize auditors’ roles and responsibilities when auditing an employee benefit plan.
Picking a Perfect Plan iconPicking a Perfect Plan

Picking a Perfect Plan

May 15, 2018 1:25pm ‐ May 15, 2018 2:40pm

Identification: EBP1815

Discover the various basic retirement plans appropriate for the small business employer. Help your clients and plan sponsors realize the value of adding a plan or the value of their existing plan.

Objectives:

- Identify retirement plan options available to small business employers.

- Estimate the costs benefit of the plan selected.

Hot Topics for Accounting & Auditing for Multiemployer Plans iconHot Topics for Accounting & Auditing for Multiemployer Plans

Hot Topics for Accounting & Auditing for Multiemployer Plans

May 15, 2018 1:25pm ‐ May 15, 2018 2:40pm

Identification: EBP1816

Presentation will focus on participants that are familiar with auditing multiemployer plans. The session will emphasize the unique accounting and auditing issues for multiemployer plans including an overview of these plans, payroll audits and the new multiemployer chapter for the AICPA Employee Benefit Plans - Audit and Accounting Guide. Hot topics include:
• SSAE 18 on payroll audits
• Consulting vs AUP engagements
• FinREC accounting recommendations for the audit guide

Participants will be able to:
• determine the differences between a multiemployer plan and other common types of benefit plans
• determine the impact of SSAE 18 for payroll audits
• Identify what will be included in the new multiemployer chapter.

Planning & Risk Assessment - Part II iconPlanning & Risk Assessment - Part II

Planning & Risk Assessment - Part II

May 15, 2018 3:10pm ‐ May 15, 2018 4:25pm

Identification: EBP1818

This session is a continuation of Session #11. Participants will see an example evaluation of a SOC report and how these reports are used in conjunction with the evaluation of a plan’s internal control environment, as well as cover other internal control considerations. This session will demonstrate examples of completed documentation for risk evaluation by audit area and at the assertion level.

Participants will be able to:

- Recognize a variety of planning documents and procedures that are necessary to properly plan an employee benefit plan, through provided example.

- Recall why these elements are important.

- Indicate when limited-scope audits are appropriate and what documents must be obtained when performing a limited-scope audit.

SOC Deep Dive iconSOC Deep Dive

SOC Deep Dive

May 15, 2018 3:10pm ‐ May 15, 2018 4:25pm

Identification: EBP1819

This session will take a deep dive into using SOC 1 (SSAE 18) reports in an EBP audit to aid the auditor in addressing common issues, as well as effectively leveraging them appropriately and at the right time. Part of this discussion will cover how SOC reports will not always address information provided electronically, or initiated and authorized electronically, at the plan sponsor. After attending this session, attendees will be able to:
• Identify SOC 1 reports and the related standards.
• Analyze impact of carve-outs, exceptions and report qualifications.
• Apply results from SOC 1 reports to risk assessment and substantive audit procedures.
• Differentiate between electronic information received at plan sponsor and what information is actually covered by the SOC 1 report.
• Differentiate between cybersecurity and SOC reports in the EBP industry and how SOC reports address or don’t address those concerns.
• Use the AICPA EBPAQC's SOC 1 tool to understand the critical importance of properly documenting the use of SOC 1 report.
• Apply session take-aways to develop/enhance best practices within their respective firms.
Plan Compensation - What is it? iconPlan Compensation - What is it?

Plan Compensation - What is it?

May 15, 2018 3:10pm ‐ May 15, 2018 4:25pm

Identification: EBP1820

Plan compensation errors always seem to make a "Top 10 List" of mistakes. This session will help you:
• Identify where to find definitions of compensation in a plan document
• Analyze the most common definitions used in plans
• Distinguish when a definition of compensation must be tested under nondiscrimination testing
• Differentiate the difference between regular compensation and post severance compensation
• Analyze various strategies in "scrubbing" census data
• Calculate compensation (earned income) when working with pass through entities

Cybersecurity and Employee Benefit Plans: How to Minimize the Risk (Repeat of Session EBP1814) iconCybersecurity and Employee Benefit Plans: How to Minimize the Risk (Repeat of Session EBP1814)

Cybersecurity and Employee Benefit Plans: How to Minimize the Risk (Repeat of Session EBP1814)

May 15, 2018 3:10pm ‐ May 15, 2018 4:25pm

Identification: EBP1821

No individual, organization or industry is immune from cyber-attacks. Attackers specifically target organizations with access to highly sensitive information, like plan sponsors of benefit plans or service providers. The operation and administration of benefits plans requires collecting, processing and storing data assets among multiple parties. To minimize risks, one must understand the types of data, data flows, control points and the responsibilities of each party involved. Come to this session to:
• Distinguish plan sponsor cybersecurity concerns and responsibilities under ERISA;
• Identify the Department of Labor’s Cybersecurity Considerations for Benefit Plans report and how to use this report in evaluating plan controls and safeguards;
• Recognize auditors’ roles and responsibilities when auditing an employee benefit plan.
Non-cash Employer Contributions iconNon-cash Employer Contributions

Non-cash Employer Contributions

May 15, 2018 3:10pm ‐ May 15, 2018 4:25pm

Identification: EBP1822

In this session we will discuss the key tax and audit considerations (and some Department of Labor considerations) for contributions of property other than cash or employer shares to a qualified retirement plan. Contributing non-cash property to a qualified plan requires a number of steps. Company advisors must consider valuation issues, fiduciary duties, prohibited transaction requirements and unrelated business income tax determinations.

At the end of this session the participant should be able to:
• Assess the DOL and IRS requirements for contributing non-cash property to a qualified retirement plan
• Evaluate the benefits and limitations of such contributions.
• Interpret the issues that an advisor needs to raise if a client wants to contribute property to a qualified retirement plan.
Putting into Practice: Auditing Census Data and Actuarial Assumptions iconPutting into Practice: Auditing Census Data and Actuarial Assumptions

Putting into Practice: Auditing Census Data and Actuarial Assumptions

May 15, 2018 3:10pm ‐ May 15, 2018 4:25pm

Identification: EBP1823

The purpose of this session is to provide an high-level overview of the how benefits are accumulated. The session will focus on the practice of auditing census data and benefit payments including a review of testing strategies. This session will include a discussion of how audit teams should approach the evaluation and audit of the assumptions that are being used by actuaries when calculating the accumulated plan benefits. Attendees will:
1. Recall an understanding of actuarial assumptions
2. Identify key actuarial assumptions