Since the announcement by the Internal Revenue Service that they would no longer issue individual Determination Letters for plans that do not use a prototype, there has been much concern and confusion. The latest option is a legal opinion - come hear the pros and cons!

Objectives:

- Identify the value of the Determination Letter and the value of alternatives that are available to plan sponsors

- Learn about Reliance for Determination Letters -Select most appropriate option, out of other options, for your plan or client's plan

Starting in 2008, the Department of Labor provided plan sponsors with some level of cover when selecting a QDIA, or qualified default investment alternative, from three anointed types of qualified investment options:
1) target-risk or balanced funds
2) target-date funds
3) retirement managed accounts

To receive this cover, plan sponsors must follow a prudent QDIA selection process. When selecting a target-risk fund there is an obligation to consider plan demographics, that may carry over to selecting other QDIAs. Unfortunately, there has been a lack of clear guidance on practical methods for incorporating plan demographics into the selection of the QDIA.
• Identify what data plan fiduciaries are required to consider when selecting a QDIA
• Recognize how recent technological advances make it possible for plan fiduciaries to consider plan demographics when selecting a QDIA
• Recall how that same data can be used to choose an appropriate target-date fund glidepath
• Identify how the recent development of “dynamic default” solutions may factor into the QDIA decision

Bring specific questions and hear from industry experts, including members of the AICPA’s expert panel, who deal with emerging issues and current service opportunities, in practical and helpful terms.

Objectives:

- Use answers from audience questions related to EBP.

- Apply best practices to take back to your firm to apply to EBP practice.

This session is for plan sponsors, tax professionals, and auditors who want a better understanding of health reimbursement accounts. This session will:

- Identify the various types of health reimbursement accounts (HSA, HRA, flex spending accounts, etc.) available to employees.

- Recall audit and tax considerations for each, self-insured plan issues, discrimination issues, and legislation surrounding health reimbursement arrangements.