Orlando APC Agenda

Registration and Continental Breakfast 
 

Welcome and Announcements -- Watson
 

Keeping Current -- Ferenczy, Watson 

Join Ilene and Derrin for an entertaining opening session that will highlight the latest guidance from Congress, the IRS, the DOL, and the courts. Emphasis will be given to areas not covered elsewhere in the program. 
 

Refreshment Break
 

• Filing options: Web, IFILE or desktop
• Signing credentials (IREG)
• Filing and transmission procedures
• Attachments and the plan audit
• 5500 and schedule changes
• Correcting filing errors
   

CONCURRENT SESSIONS – Group I sessions are 75 minutes each. Group II sessions are 60 minutes each. Sign up on the Registration Form to attend two topics from Group I and one from Group II.
 

• Plan submissions
• Handling interim amendments
• Modifications to pre-approved plans
• Special effective dates
• Scrivener errors
   

02. Schedule C – Understanding the Changes -- Forbes, Kaplan

• Changes in the form
• Bundled vs. Unbundled Providers
• Direct vs. Indirect Compensation
• Eligible Indirect Compensation
• Sample Completed Schedules C 
   

• When is consent necessary?
• Who can be a beneficiary; default beneficiaries; death of beneficiary before payout; loan responsibility
• Documentation; Disclaimer; Notices and forms
• Handling competing beneficiary claims; Rollover options.
   

• New prototype program procedure; IRS sample language
• Can I really terminate? complete distributions; distribution of annuity contracts; distribution of custodial accounts
• Transfer vs. exchange; when do I need an information sharing agreement?
• Adjusting to the new rules 
   

Refreshment Break

GROUP II - Part 1: 4:15 - 5:15 p.m. and repeated on Thursday morning.

• Forfeiture option
• Benefits of the automatic rollover
• Using escheat
• Automatic IRA procedures
• Terminating plan procedures
   

• Strategies
• Deduction issues
• Gateway considerations
• Working effectively with an actuary
   

07. Cross-Tested and Safe Harbor 401(k) Plan Design -- Forbes

• Design comparisons
• Combination safe harbor 401(k) and cross-tested plan
• Designing classifications; limitations; deemed 401(k) issue; early eligibility issues; top heavy issues
• Triple stacked match
• Excluding part-time employees in a safe harbor 401(k) cross-tested plan
   

08.  Ethics: ERPA, Circular 230 and Paid Preparer Penalties -- Kaplan

• Circular 230 issues for enrollees
• How the rules apply to your day to day activities
• Penalties that may apply to a paid preparer
• Continuing education and re-enrollment standards
   

Cocktail Reception
 

Continental Breakfast 
  

CONCURRENT SESSIONS – Group II sessions are 60 minutes each. Group III sessions are 75 minutes each. Sign up on the Registration Form to attend one topic from Group II and two from Group III. 
  

GROUP II - Part 2: 8:30 - 9:30 a.m. See above for Group II session descriptions. 
  

Refreshment Break
  

GROUP III: 9:50 - 11:05 a.m. and repeated 11:15 - 12:30 p.m. 
  

• Gateway issues
• Design strategies
• Deduction considerations
    

10. Roth – Taking Advantage of the New Rules -- Watson

• Does the 2010 rollover to Roth save money?
• New conversion rules
• Pre-tax rollover: Traditional or Roth IRA?
• The dollars and sense of Roth decisions
   

• Overview – pros and cons
• Hardship distribution
• The “Needs” and “Necessity” Tests
• Documentation for audits
• Other In-service Distributions 
   

• Common notices and penalties for not providing them
• Notices required upon the participant's entry into the plan
• Notices required to be given participants on an annual basis
• Recent court cases that involved improper notices
   

Hosted Luncheon
 

Announcements -- Watson
 

• Improper exclusion of employee (profit sharing and match): make-up contribution vs. reallocation
• Failure to implement deferral election: make-up contribution vs. missed deferral calculation
• Failure to withhold loan payment: VCP vs. deemed distribution
• Improper plan entry: retroactive plan amendment vs. return of deferrals vs. VCP
• Failure to provide safe harbor notice
   

Refreshment Break
 

Pension Jeopardy -- Panel

Join Derrin Watson as he hosts our version of the popular game show. Topical questions will test the knowledge of our expert speakers. This session is not only fun, it also highlights important pension issues in a most memorable way.
 

Continental Breakfast
 

Announcements -- Watson
 

Washington Update -- Hoffman

• 401(k) fee disclosure – where do we stand
• Automatic enrollment IRAs – a new mandate from Congress?
• Proposals to prohibit "conflicted" investment advice
• Other items on the agenda for Congress and the agencies
   

Refreshment Break
 

Ask the Experts Workshop -- Panel

Get those tough questions answered! Case studies will be used in a wide ranging discussion of the issues currently facing practitioners in employee benefits area. For maximum benefit from this session, please submit your questions in advance to relius.education@sungard.com.