Employee Benefit Plans Conference 2018
This includes sessions from the conference: Employee Benefit Plans Conference 2018
Products
IdentificationEBP1801DateMay 15, 2018Explore the fundamentals of a society that is grossly under-saving for retirement, the primary forces that are contributing, and the fundamental shift needed to get us back on track. Author, Stig Nybo, will share lessons learned from the writing of “Transform Tomorrow: Awakening the Super Saver in Pursuit of Retirement Readiness,” an award winning book on how to change saving behavior.
America is facing a monumental “retirement readiness” challenge that can only be overcome by changing the way America thinks about saving for retirement. We will begin by investigating why so many Americans are at risk of outliving their savings and the three critical forces impacting Americans’ preparedness: Longevity; Consumerism; and Leverage. Then move to the solutions that can help bring about the changes needed for individuals to reach a secure retirement: New system‐wide contextual drivers; baseline financial literacy: and renewed beliefs around saving vs. spending.
Throughout the presentation, Stig incorporates stories to illustrate key points and uses captivating examples from history to bring the message to life. He borrows from the wisdom of Gandhi, Walt Disney, Mark Twain, Margaret Mead, and even Robin Williams in the Dead Poets Society to make his point. Come enjoy a sobering, yet enjoyable session that will change the way you think about planning for retirement.
Objectives:
- Identify the primary forces that are contributing to under-saving
- Select resources to prepare yourself or clients for retirement
Speaker
Retirement Strategist, Strategic Retirement Partners$49Standard Price
IdentificationEBP1804DateMay 15, 2018This session will be a general introduction to plan documents and highlight certain key elements for plan auditors. It will also introduce the plan document provisions of the defined contribution case study and serve as the basis of the entire fundamental track case study.
Attendees will:
• Distinguish between the different types of plan document designs being used by plan sponsor and highlight the IRS determination letter program.
• Identify key plan provisions in order to develop audit procedures
• Recall differences in plan design
• Indicate common plan amendments
• Recall how to use the AICPA EBPAQC's Plan Document ToolSpeakers
Sara Wilson, CPAManaging Director, Grant Thornton LLPTravis Jack, CPA, QKAManaging Member, Metz & Associates, PLLC$49Standard Price
IdentificationEBP1806DateMay 15, 2018Discussion 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.Speakers
Nancy J. Manary, CPAManager, Tax Services, RSM US LLPMark D. Swedelson, CPA, QPAVice-President, Goldberg, Swedelson & Associates Inc.$49Standard Price
IdentificationEBP1807DateMay 15, 2018This session will:
- Distinguish what an ESOP is and why companies use them.
- Recognize differences in ESOPs compared to other qualified retirement plans and from other ownership transition options from a high level.
The session will not cover detailed accounting for ESOPs.
Speakers
Partner, RSMNational Director, Compensation and Benefits, Cherry Bekaert LLP$49Standard Price
IdentificationEBP1810DateMay 15, 2018This session will discuss the status of healthcare reform and current health plan legislative and regulatory requirementsSpeakers
Lori Robbins, JD, LL.M. (Taxation)Managing Director, KPMG LLPHelen Morrison, JDErnst & Young LLP, Ernst & Young LLP$49Standard Price
IdentificationEBP1811DateMay 15, 2018This session is part 1 of 2 of working through the planning and risk assessment process for the fundamental track case study, and will continue in Session #18. 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.
Speakers
Principal, Windham Brannon, LLCShareholder, LBMC,PCPartner, A.C. Evans LLC$49Standard Price
IdentificationEBP1812DateMay 15, 2018This session will cover emerging practice issues, as well as, current accounting, auditing, and reporting developments impacting your 2017 employee benefit plan audits. Speakers will share their perspectives and experiences in the following areas so you are able to:
• Analyze the accounting and auditing issues that affected the 2016 audits of employee benefit plans
• Determine accounting and auditing considerations for the 2017 audits
• Identify topics that are on the horizonSpeakers
Beth A. Thompson, CPAPartner, KPMGChristie Holt, CPAExecutive Director, Ernst & Young LLP$49Standard Price
IdentificationEBP1813DateMay 15, 2018Within 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 requirementsSpeakers
Wayne R. Kamenitz, CPA, Dual MBA Taxation & FinanceVice President & Regional Compliance Practice Leader, Segal CompanySenior Vice President, Argent Financial Group, Inc$49Standard Price
IdentificationEBP1814DateMay 15, 2018No 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.
Speakers
Jeff Ward, CPA, CGMA, CITPPartner, National SOC & WebTrust Leader, BDO USA, LLPPartner, Grant Thornton LLP$49Standard Price
IdentificationEBP1815DateMay 15, 2018Discover 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.
Speakers
Vice President & Senior Legal Counsel, T. Rowe Price Associates, Inc.Carol E. Zurcher, C.P.A., P.F.S., C.G.M.A.Partner, Thomas, Zurcher & White, P.A.$49Standard Price
IdentificationEBP1816DateMay 15, 2018Presentation 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.Speakers
Eileen Brassil, CPA, CFEPartner, Legacy Professionals LLPPartner, Retired KPMG Partner$49Standard Price
IdentificationEBP1818DateMay 15, 2018This 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.
Speakers
Sara Wilson, CPAManaging Director, Grant Thornton LLPPartner, A.C. Evans LLC$49Standard Price
IdentificationEBP1819DateMay 15, 2018This 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.
Speakers
Lara G. Stanton, CPAAssurance Director, Sikich, LLPSusan J. Peirce, CPAPrincipal, Apple Growth Partners$49Standard Price
IdentificationEBP1820DateMay 15, 2018Plan 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 entitiesSpeakers
Cindy J. Dwyer, CPAManaging Director, CBIZ MHM LLCMark D. Swedelson, CPA, QPAVice-President, Goldberg, Swedelson & Associates Inc.$49Standard Price
IdentificationEBP1821DateMay 15, 2018No 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.
Speakers
Jeff Ward, CPA, CGMA, CITPPartner, National SOC & WebTrust Leader, BDO USA, LLPLara G. Stanton, CPAAssurance Director, Sikich, LLP$49Standard Price
