In an effort to improve transparency, the Internal Revenue Service (IRS), the Pension Benefit Guarantee Corporation (PBGC) and the Department of Labor (DOL) have published final regulations that require that all 403(b) Plans subject to ERISA file the same schedules as is the case for other plans subject to ERISA such as 401(a) and 401(k) Plans including Schedule C.
Some of the key new disclosure required:
- Applies to plans of 100+ participants where fees of $5,000+ were paid to service providers.
- Service Provider/Sponsor relationship
- Total direct & indirect compensation
There’s much to know about this new important change - failure to comply could result in major fines and penalties. The Knowledge Group has assembled a panel of key experts and thought leaders to help you understand the new disclosures and how to properly complete the questions on Form 5500. Reserve your slot now and have the chance to ask your questions to our panel, live. Advanced registration is recommended as space is limited.
Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code:104005
Linda K. Shore
Counsel (Former ERISA specialist, US Department of Labor)
Christina MacLeod
Director, Global Employer Services Tax Practice
Jamie F. Gross
Senior Manager, Global Employer Services Tax Practice
Philip J. Castrogiovanni
Partner
- Overview of the changes to the Form 5500
- Reporting changes (since 2008) that impact 403(b) Plans
- Overview of the Form 5500 SF/Form 5500
- Electronic Filing Mandate
- Changes to the Schedule C disclosure requirements
- Direct Compensation
- Indirect Compensation (including non-monetary compensation)
- Eligible Indirect Compensation
- Best practices
- The Final 403(b) Regulations.
- What are the audit requirements?
- Do the audit requirements apply to all or a part of my plan?
- What should I be doing right now?
- Lawyers
- Accountants
- Employers
- Plan professionals
- Service providers
- Controllers
- Benefits Managers
- Human Resource Directors
- Financial Executives
- Tax Managers
- Business Manager
- Presidents
- Vice Presidents
- Insurance Professionals
- Enrolled Agents
This is a must attend event for anyone interested in understanding 403 (b) Plans FORM 5500 Schedule C.
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A