Retirement Legislative Update

Dec 6, 2021 12:30pm ‐ Dec 6, 2021 1:30pm

Identification: AAR2101

The session will provide an update on new and pending legislation affecting retirement plan, including recent pension funding changes and SECURE 2.0. It will also cover regulatory initiatives affecting retirement plan investing, proxy voting, and investment advice

Audit & Accounting Update Part 1: Current Year Considerations

Dec 6, 2021 1:40pm ‐ Dec 6, 2021 2:30pm

Identification: AAR2102

The session will provide participants with an overview of the recently issued accounting and auditing standards, with a focus on SAS 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA. The course will also discuss the new multi-employer chapter in the EBP guide and ASC 606 applicability to EBPs.

• Recently Issued Auditing Standards
• Recently Issued Attestation Standards
• Recently Issued Exposure Drafts
• Other Resources and EBP References

Audit & Accounting Update Part 2: Q&A

Dec 6, 2021 4:00pm ‐ Dec 6, 2021 4:50pm

Identification: AAR2104

Question and Answer session related to SAS 136 implementation.  

• To gain an understanding on SAS 136 implementation.

Financial Statement Refresh

Dec 7, 2021 12:30pm ‐ Dec 7, 2021 1:30pm

Identification: AAR2105

SAS 136 means that we will need to change our auditors' report. This is also a great opportunity to revisit financial statements and ensure that they are up to date with fair value standards and other relevant standards that impact reporting. We will drill down into key areas that are critical to have in reporting and discuss some of the main challenges within those areas.

Party in interest/related party, fv disclosures, FBRICs, tax status-as examples

• Ensure accurate and complete financial statement disclosures
• Understand common missteps with financial statement reporting

MEPs and PEPs

Dec 7, 2021 1:40pm ‐ Dec 7, 2021 2:30pm

Identification: AAR2106

Update on the new PEPs (Secure Act) - consideration of Form 5500 filings, Audit requirements, etc.

PEP plans and foreseeable audit issues - how to handle; what guidance is available, any tools etc.

Cybersecurity and DOL Guidance for EBPs

Dec 7, 2021 3:00pm ‐ Dec 7, 2021 3:50pm

Identification: AAR2107

Thomas Shola, AVP IT Cyber Security Officer with John Hancock Retirement, is responsible for the development, execution and oversight of all GWAM’s (Global Wealth Asset Management) IT risk management and information security activities, with an emphasis on cyber security and continuous improvement of the technical aspects of risk management and security. Thom will provide an overview of the current challenges, industry trends, and best practices for plan sponsors and retirement professionals to follow regarding protecting plan assets, data, and retirement participant’s accounts.