Employee Benefit Plans Conference 2018

May 14, 2018 ‐ May 17, 2018


You’ve relied on the AICPA Employee Benefit Plans Conference and related events for the tried-and-true: specialized content, authoritative speakers and a chance to pause and check in with your peers. This year’s conference brings back all of your favorite aspects, plus a reimagined look at what an industry conference should be.


The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association’s website, educational materials, products, and services. The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association’s Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately. 


Sessions

Preparing for Your Annual EBP FS Audit

May 16, 2018 11:10am ‐ May 16, 2018 12:25pm

Identification: EBP1837

Experts will take you through preparing for your Annual EBP FS audit. In this session,
- Recall how to adequately prepare for your audit so it runs smoothly and efficiently,
- Identify common compliance issues seen most by EBP auditors,
- Recognize upcoming changes affecting financial reporting for benefit plans and Form 5500.

Speaker(s):
Standard: $49.00

Litigation - Mitigation: A Framework for Managing the True Cost of Offering a Retirement Plan

May 16, 2018 11:10am ‐ May 16, 2018 12:25pm

Identification: EBP1870

Explore a Framework for identifying and evaluating Plan Fees and Revenue Sharing practices that impact Participant value and create Plan Sponsor liability. While the cost of an employer match or profit sharing contribution is covered entirely by the Plan Sponsor, the cost of administration, investments, and advice are often accrued to the Participant. While there is nothing inherently wrong with this practice, it does convey a very important responsibility to the Plan Sponsor; keep my fees Reasonable!

In today’s world of complicated fee structures, what should a Plan Sponsor do to ensure their fees are kept at a reasonable level; especially those fees they have chosen to pass along to their Participants.

In this session, we will:

- Apply a Framework to identify and evaluate plan revenue sharing in all of its forms and determining its reasonableness in paying for recordkeeping, administration, investments, and advice.

Speaker(s):
  • Kelly A. Davis, ERPA, Principal, Employee Benefit Plans, CliftonLarsonAllen LLP
  • Stig Nybo, Retirement Strategist, Strategic Retirement Partners
  • Steve Faggiolly, Managing Director, Strategic Retirement Partners
  • Todd White, Managing Director, Strategic Retirement Partners
Standard: $49.00

Distributions & Plan ExpensesDistributions & Plan Expenses

Preview Available

Distributions & Plan Expenses

May 16, 2018 1:25pm ‐ May 16, 2018 2:40pm

Identification: EBP1839

This session will focus on the distribution process of a defined contribution plan.

Attendees will:

• Identify the various types of distributions

• Recall how to design audit procedures to cover the identified assertions

• Identify testing procedures, including sampling, over the various types of distributions (retirements, rollovers, hardships, loans, etc.) as well as the different forms of payment (lump sum, annuities)

• Recall that testing will include vesting considerations

• Recall the testing and financial reporting for participant loans

Speaker(s):
Standard: $49.00

Common Prohibited TransactionsCommon Prohibited Transactions

Preview Available

Common Prohibited Transactions

May 16, 2018 1:25pm ‐ May 16, 2018 2:40pm

Identification: EBP1841

This session will discuss how common transactions in the operation of an employee benefit plan can become a prohibited transaction. The speaker will briefly discuss the consequences of prohibited transactions, but this session is intended to teach the factual context that make the transaction subject to those excise taxes and reporting requirements. Learn how to prevent prohibited transactions and tricky areas that are often overlooked when reviewing a plan’s operation.

Speaker(s):
  • Lyssa E. Hall, JD, LLM, Director, Office of Exemption Determinations, U.S. Department of Labor (EBSA)
  • Bruce McNeil, Esq., Partner, Wager Law Group
Standard: $49.00

DB Plans in Today's WorldDB Plans in Today's World

Preview Available

DB Plans in Today's World

May 16, 2018 1:25pm ‐ May 16, 2018 2:40pm

Identification: EBP1842

Defined benefit actuarial specialists will share their expertise on underfunded pension plans and pension plan risk. The speakers will discuss creative pension plan benefit designs that address inherent risks, how the risk is measured, risk management, and accounting implications.
Objectives:
- Recall pension plan designs
- Recognize risk inherent to pension plans
- Indicate how the risk is measured

Speaker(s):
Standard: $49.00

Don't Roll the Dice with Plan Documents: Learn How to Spot Deficiencies and Remedy Them

May 16, 2018 1:25pm ‐ May 16, 2018 2:40pm

Identification: EBP1843

Plans are not always easy to understand, which affects how people interpret the language. This session will:
- Identify problematic language and areas where interpretation is fraught with potential issues.
- Recall lessons from an experience attorney about what to look out for and how to handle those issues
- Recall how the courts are opining with documents outside the plan that enhance or conflict with the plan document such as the Summary Plan Description, or loan documents.

Speaker(s):
Standard: $49.00

How to Build a Winning Hand: Collaboration for EBP Audit Quality

May 16, 2018 1:25pm ‐ May 16, 2018 2:40pm

Identification: EBP1844

This session will discuss best practices for training your EBP team on effectively planning and completing plan audits. Attendees will:
• Evaluate their EBP team's needs, considering experience level and firm size/workload, to develop an internal training program
• Assess where to find resources and develop an effective and efficient training curriculum for their team, considering common deficiencies, regulatory focus/developments and types of plans audited
• Reconstruct conference experience and networking with other EBP firms of differing specialties and EBPAQC resources to build their firm’s EBP knowledge base and collaborate with outside professional resources
• Predict which firm templates need to be developed, improved and leveraged to improve formal training programs as well as ease of on-the-job training
• Learn how to develop professional relationships to help your firm fill in the knowledge or expertise gaps to prepare for the time when these resources are needed to be called upon.

Speaker(s):
Standard: $49.00

Basic Qualified Plan Testing (Repeat of Session EBP1806)

May 16, 2018 1:25pm ‐ May 16, 2018 2:40pm

Identification: EBP1845

Discussion of basic qualified plan nondiscrimination issues including:

- coverage

- discrimination testing

- 415 testing

- 402g limits (401K-m plans)

- 414q and 414s (compensation testing)

- top heavy rules

Objectives:

1. Identify basic nondiscrimination testing required for qualified retirement plans.

2. Identify impact and correction of failure of nondiscrimination tests for a qualified plan.

Speaker(s):
Standard: $49.00

Common Investments Used in Employee Benefit Plans

May 16, 2018 3:00pm ‐ May 16, 2018 4:15pm

Identification: EBP1846

This session will focus on investments held by a defined contribution plan. Facilitators recommend bringing your laptop to this session to fully participate in the case study.

Attendees will:

• Identify the key characteristics of various investments commonly held by the plan, including insurance products, common/collective trust funds, pooled separate accounts, mutual funds, and self-directed brokerage accounts.

• Recall how to design audit procedures to cover the identified assertions

• Identify testing procedures, including sampling, over investments and investment income

• Recognize some of the unique financial reporting requirements for investments

Speaker(s):
Standard: $49.00

Distributions - All You Need to Know

May 16, 2018 3:00pm ‐ May 16, 2018 4:15pm

Identification: EBP1848

This session will focus on the tax compliance and auditing aspects related to participant loans and plan distributions including technical updates and programs related to missing participants. Plan loans, regular distributions, minimum distributions and hardship distributions will be discussed. We will also assess the implications for identified compliance and operational errors and actions to consider.

- Apply the related tax code and legislation to retirement plan distributions and plan loans.
- Determine the appropriate course of action related to operational errors involving distributions.

Speaker(s):
Standard: $49.00
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