This includes sessions from the conference: Employee Benefit Plans Conference 2020
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Identification: EBP2001
This session will provide an update of various accounting, auditing, and reporting matters affecting employee benefit plans. Our speakers will share their perspectives and experiences.
Speaker(s):
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Identification: EBP2003
Are you ready? After 13 years without significant pension legislation, the SECURE Act was enacted at the end of 2019, and in March of 2020 followed by the CARES Act. We will frame the major changes and recent guidance issued and their impact on compliance, plan design and operation. Topics include: recent guidance for CARES Act distributions; what is new with key SECURE Act topics including multiple employer plans, inherited IRAs, long-term part time employees, life time income disclosure, 403(b) plan impact and other key areas. Get ready to GO!
Speaker(s):
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Identification: EBP2007
Does the plan hold complex investments? Whether a full scope audit or an ERISA 103 (a)(3)(c) audit is performed, the steps to ensure complex investments are properly valued and presented within the financial statements in accordance with appropriate accounting principles remain the same. This session is designed to assist plan administrators and plan auditors in fulfilling that responsibility.
Speaker(s):
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Identification: EBP2004
This course provides auditors with the basic knowledge necessary to effectively read and understand the components of a SOC 1 report. Topics addressed include: identifying common SOC 1 reports used in EBP engagements, professional standards auditors must satisfy when incorporating the use of SOC 1 reports into EBP audits and tips on recognizing issues commonly encountered.
*Attendees should consider attending the Advanced SOC 1 Matters for more advanced discussion on issues related to SOC 1's and how to address them.
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Identification: EBP2009
Differentiate and understand the GAAP treatment, impact to financial reporting and related nuances for:
Mergers
Terminations
Trustee and recordkeeper changes and
Spinoffs
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Identification: EBP2011
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, and we will compare FSAs with other account-based arrangements. Finally, we will consider what the future is for these account-based arrangements.
Speaker(s):
Preview Available
Identification: EBP2008
This session will focus on the general participation and eligibility rules including
This session is a beginner session and for those who have a working knowledge and want a refresher.
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Identification: EBP2010
This session will address how COVID-19 is impacting EBP audit risk assessments. Participants will learn about areas of heightened risk and common misconceptions detected through peer review while walking through practical examples illustrating how to apply the risk assessment standards in an EBP audit.
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Identification: EBP2014
This session will address the auditor’s responsibilities when working with actuaries’ reports and actuarially determined obligations that comprise a component of the financial statements of a defined benefit plan. We will cover how an auditor might test the key actuarial inputs used in an actuarial valuation as well as testing of the underlying census data that was provided to the actuary. The session will also review other common audit tests that may be utilized when working with actuarial reports.
Speaker(s):
Preview Available
Identification: EBP2015
This session will be a panel discussion covering challenges and the related audit considerations of COVID and the CARES Act facing plan sponsors, service providers and auditors.
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