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2 0 1 5 A S P PA
REGIONAL CONFERENCES
BOSTON
REGIONAL
AMERICAN SOCIETY OF
PENSION PROFESSIONALS
AND ACTUARIES
July 9–10, 2015
Hilton Boston Back Bay
Boston, MA
The ultimate conference experience
for retirement plan professionals.
W W W . A S P P A - N E T. O R G
2015 ASPPA Regionals
July 9–10, 2015
Hilton Boston Back Bay
Boston, MA
BOSTON
REGIONAL
AMERICAN SOCIETY OF
PENSION PROFESSIONALS
AND ACTUARIES
2015
REGIONAL
CONFERENCE
COMMITTEE
Vice Chairs
July 9–10, 2015
BOSTON
REGIONAL
Boston, MA
AMERICAN SOCIETY OF
PENSION PROFESSIONALS
AND ACTUARIES
W W W . A S P P A - N E T. O R G
November 9–10, 2015
CINCINNATI
REGIONAL
Jennifer Gibbs Swets, QPA, QKA, ERPA, Dixon Hughes Goodman LLP, Virginia Beach, VA
Missy Matrangola, QPA, QKA, Atlantic Pension Services,
Inc., Kennett Square, PA
Hilton Boston
Back Bay
Northern Kentucky
Convention Center
Covington, KY
AMERICAN SOCIETY OF
PENSION PROFESSIONALS
AND ACTUARIES
W W W . A S P P A - N E T. O R G
Committee
Boston Representative
Andrew B. Ledewitz, CPC, QPA, QKA, TGPC,
MassMutual Retirement Services, Boston, MA
Cincinnati Representative
Jayne L. Gaffney, QPA, Sheakley Pension Administration,
Cincinnati, OH
PHILADELPHIA
REGIONAL
April 30–May 1, 2015
DoubleTree
Center City
Philadelphia, PA
AMERICAN SOCIETY OF
PENSION PROFESSIONALS
AND ACTUARIES
W W W . A S P P A - N E T. O R G
Philadelphia Representative
Maria Hurd, Belfint, Lyons & Shuman. P.A, Wilmington, DE
Chicago Representative
Jerry Kalish, National Benefit Services, Chicago, IL
General Conferences Co-Chair The ultimate conference experience
for retirement plan professionals.
Craig Hoffman, Esq., APM, General Counsel, American
Retirement Association
Ellen Houston-Pozek, QPA, QKA, TGPC, DWC ERISA
Consultants LLC, Salem, NH
June 4–5, 2015
CHICAGO
REGIONAL
Wyndham Grand
Chicago Riverfront
Chicago, IL
AMERICAN SOCIETY OF
PENSION PROFESSIONALS
AND ACTUARIES
W W W . A S P P A - N E T. O R G
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2015 ASPPA REGIONAL CONFERENCE: BOSTON
2015 ASPPA Regionals
July 9–10, 2015
Hilton Boston Back Bay
Boston, MA
BOSTON
REGIONAL
AGENDA
AMERICAN SOCIETY OF
PENSION PROFESSIONALS
AND ACTUARIES
Thursday, July 9, 2015
7:30 a.m. – 8:30 a.m.
Registration and Breakfast
8:30 a.m. – 8:45 a.m.
Welcome & Introductions
8:45 a.m. – 10:25 a.m.
Session 1: Washington/Regulatory Update
ERPA, Non-Core JBEA
Developments in Washington continue to have a profound
impact on the design and administration of retirement plans.
Congress is expected to turn its attention to tax reform once
again, which could be one of the few areas where a bipartisan agreement may be reached. Several proposals from
President Obama would dramatically reduce the tax incentives that spur many small business owners to establish and
maintain qualified retirement plans. Learn about how a new
Congress will influence these proposals and how ASPPA’s
Government Affairs Committee is responding. In addition, the
DOL and IRS have promulgated expansive regulatory agendas which include items that will significantly impact qualified
retirement plans. Session learning objectives include:
• Understand the potential for comprehensive tax reform
and its impact on the private retirement system, now or
in the future.
• Understand the political climate in Washington and how
it will affect legislative initiatives relating to retirement
plans.
• Learn about the IRS and DOL regulatory initiatives that
will affect qualified retirement plans.
Craig P. Hoffman, Esq., APM, General Counsel, American
Retirement Association
10:25 a.m. – 10:40 a.m.
Break
10:40 a.m. – 11:55 a.m.
Session 2: Fiduciary Responsibilities: What Are They?
What Can Be Outsourced?
ERPA, Non-Core JBEA
Service providers and plan sponsors must understand the
fiduciary responsibility provisions of ERISA. This session will
provide a basic understanding of the fiduciary requirements
of ERISA so you can educate clients to avoid potential pitfalls. We will also explore the emerging trend in outsourcing
functions that have traditionally been exercised by plan sponsors. We will examine the outsourcing options and the best
practices in shifting fiduciary risk. Session learning objectives
include:
• Understand the basic fiduciary responsibilities.
• Learn about the most common fiduciary outsourcing arrangements, such as 3(16), 3(21) and 3(38).
• Be able to educate a plan sponsor on the advantages and
disadvantages of outsourcing fiduciary responsibilities.
David N. Levine, Principal, Groom Law Group, Chartered
Mary Rosen, Employee Benefits Security Administration, U.S.
Department of Labor
12:00 p.m. – 1:00 p.m.
Lunch
1:00 p.m. – 2:40 p.m.
Session 3: Benefit Consulting for the Tax-Exempt
Organizations, Governmental Employers and Church Plans
ERPA, Non-Core JBEA
Tax-exempt organizations can use a wide variety of qualified
and nonqualified retirement vehicles including 401(a), 403(b)
and 457(b) and (f) plans. Governmental employers, including
public schools and state universities, have similar options. Even
more unique are the options that are available to churches. This
session will discuss the advantages and disadvantages of each
type of plan and how a consultant might present these alternatives to a tax-exempt organization, governmental employer or a
church organization. Included in the session will be a discussion
of the current status of the pre-approved plan 403(b) plan document program. Session learning objectives include:
• Understand the different types of 403(b) plans and employers that can adopt these plans.
• Learn how to distinguish an ERISA plan from a non-ERISA
plan.
• Learn how the TPA or consulting firm can discuss the multiple options available to these employers.
Susan D. Diehl, QPA, President, PenServ Plan Services, Inc.
Cheryl Press, Senior Attorney, Internal Revenue Service, TE/GE (Invited)
2:40 p.m. – 3:00 p.m.
Break
3:00 p.m. – 4:15 p.m.
Session 4: Defining Compensation in the Qualified
Retirement Plan
ERPA, Non-Core JBEA
3
2015 ASPPA REGIONAL CONFERENCE: BOSTON
2015 ASPPA Regionals
July 9–10, 2015
Hilton Boston Back Bay
Boston, MA
BOSTON
REGIONAL
AMERICAN SOCIETY OF
PENSION PROFESSIONALS
The compensation
definition is critical when testing or
AND ACTUARIES
designing a qualified retirement plan. Discrimination testing,
Section 415 limits and benefit accrual are all influenced
by the choices made in defining compensation. This is an
important consideration for defined benefit plan formulas
and cross-tested plan designs, as well as 401(k) plans, both
traditional and safe harbor. The choice of a compensation
definition affects the cost of the plan, the ease of compliance
testing and remains a critical element of plan design. This
session will describe the choices that are available, permissible adjustments and the importance of coordination of the
varying definitions that may be used in a single plan. Session
learning objectives include:
• Distinguish between the different safe harbor nondiscriminatory compensation definitions.
• Identify compensation rules for safe harbor 401(k) plans.
• Determine which qualification requirements are impacted
by the compensation definition.
• Identify compensation choices for compliance testing.
• Determine which adjustments will produce better plan
economics.
• Determine the compensation options available for elective deferral and auto enrollment procedures.
Robert M. Kaplan, CPC, QPA, CFP®, APA, Vice President,
National Training Consultant, Voya Financial
4:15 p.m. – 5:15 p.m.
Reception
AGENDA
Friday, July 10, 2015
7:15 a.m. – 8:15 a.m.
Breakfast
8:20 a.m. – 10:00 a.m.
Session 5: Dealing with the Defective Plans (or How I
Learned to Love “Takeovers”)
ERPA, Non-Core JBEA
For professionals who work with qualified retirement plans,
one of the most challenging situations is assuming responsibility for a plan with problems. Although qualification defects
and violations of ERISA can happen in any context, the “takeover” plan is one that has often been neglected resulting in
a myriad of problems that need to be fixed. These problems
typically include late deposits, prohibited transactions, defective documents, nonexistent Form 5500 filings and much,
much more. This interactive session teams up the expertise
of an attorney and a third party administrator who will lead
attendees through a comprehensive case study to illustrate
all that could go wrong and how to make things right. IRS
and DOL correction programs will be included, as well as
self-correction options. Session learning objectives include:
• Become familiar with the types of deficiencies and how
to spot them in takeover cases.
• Understand the different IRS and DOL programs available for correction.
• Learn how to limit your liability for errors made before
your engagement.
• Understand your ethical obligations.
Richard A. Hochman, JD, APM, GFS, President, McKay Hochman
Co., Inc., A DST Company
Adam C. Pozek, QPA, QKA, QPFC, ERPA, Partner, DWC ERISA
Consultants, LLC
10:00 a.m. – 10:15 a.m.
Break
10:15 a.m. – 11:30 a.m.
Session 6: We’ve Crossed the Line. Now What?
ERPA, Non-Core JBEA
This session will be presented as an interactive case study
approach that uses examples from DC plans that have failed
required testing or exceeded statutory and/or plan imposed
limitations. This is an errors and corrections workshop which
includes situations pertaining to ADP/ACP testing, 402(g)
limitations, 415(c) limitations, 410(b) testing and 401(a)(4)
testing. Also included are special situations with regard to
top heavy as well as problems that will occur if compensation
is not capped at the 401(a)(17) limit. Case studies will address timing, refunds, taxability and adjustments for earnings.
This discussion-based session will also address how the different methods of correction are addressed in pre-approved
PPA documents. Session learning objectives include:
• Understand when statutory/regulatory correction methods are available and when correction must be done
through EPCRS.
• Be able to determine the appropriate correction method
for each type of failed test, when corrective contributions/distributions are required, and when an -11(g)
amendment may or must be used.
• Know the tax payment and reporting requirements that
apply to the employer and employee in connection with
correcting a failed compliance test.
• Understand available plan design options to address
compliance testing failures and what options are typically
used in pre-approved PPA plan documents.
Melissa B. Kurtzman, Esq., Shareholder, Littler Mendelson, P.C.
4
2015 ASPPA REGIONAL CONFERENCE: BOSTON
2015 ASPPA Regionals
July 9–10, 2015
Hilton Boston Back Bay
Boston, MA
BOSTON
REGIONAL
AMERICAN SOCIETY OF
PENSION PROFESSIONALS
11:30 a.m.
– 12:20 p.m.
AND ACTUARIES
Updates from the IRS, Employee Plans
IRS, Employee Plans Director Robert Choi will discuss
recent developments, including changes to the Determination Letter Program for retirement plans and the Knowledge
Management initiative.
•
Robert Choi, Director, Employee Plans, TE/GE Division, IRS
•
12:20 p.m. – 1:00 p.m.
Lunch
S. Derrin Watson, Esq., Attorney, SunGard Relius, LLC
1:00 p.m. – 2:40 p.m.
Session 7: Take the Money and Run
2:40 p.m. – 3:00 p.m.
Break
ERPA, Non-Core JBEA
Although plan distributions are commonplace, they can also
create many compliance challenges. Whether it is a required
minimum distribution, a lump sum distribution, a “deemed
distribution” due to loan default, a hardship withdrawal or
other in-service distribution, processing these events in accordance with the law and the plan document is paramount
to keeping your client’s plan in compliance. Throw in a death
benefit, Roth or other after-tax account, or QDRO distribution, and things get interesting. This session will address issues related to defined contribution and defined benefit plan
distributions and how to handle them in a way that satisfies
the IRS and the DOL and remain in compliance with the plan
document. Session learning objectives include:
•
Based on real life scenarios, and primarily focused on
outside-the-box distribution issues that may arise, you
will gain an understanding of issues you may encounter
when dealing with complex and less common distributions.
Leave this session with ideas for handling worrisome
distribution issues that your firm is currently facing.
Come away with best practices options for addressing
problem issues.
3:00 p.m. – 4:15 p.m.
Session 8: Ask the Experts
Richard A. Hochman, JD, APM, GFS, President, McKay Hochman
Co., Inc., A DST Company
Craig P. Hoffman, Esq., APM, General Counsel, American
Retirement Association
Melissa B. Kurtzman, Esq., Shareholder, Littler Mendelson, P.C.
Adam C. Pozek, QPA, QKA, QPFC, ERPA, Partner, DWC ERISA
Consultants, LLC
S. Derrin Watson, Esq., Attorney, SunGard Relius, LLC
4:15 p.m.
Conference Adjourns
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2015 ASPPA REGIONAL CONFERENCE: BOSTON
2015 ASPPA Regionals
July 9–10, 2015
Hilton Boston Back Bay
Boston, MA
BOSTON
REGIONAL
AMERICAN SOCIETY OF
PENSION PROFESSIONALS
AND ACTUARIES
Conference Location
Hilton Boston Back Bay
40 Dalton St
Boston, MA 02115
Tel: 617.236.1100
Room Rate: $239/night
Cutoff Date: June 9, 2015
This room block may fill up quickly, so please make your reservations early!
Cancellation Policy
If a written cancellation notice is received by July 2, 2015, the
American Retirement Association will refund the full registration fee
minus a $100 processing fee. After July 2, 2015, no refunds will be
available.
Continuing Education Information
ASPPA Members
This conference offers up to 15 hours of ASPPA CE credits.
Attorneys
Approved: California
Accountants
This conference is a “group-live” event and will grant a total of 14
CE credits.
The American Society of Pension Professionals & Actuaries (ASPPA) is registered with the National Association of State Boards of
Accountancy (NASBA) as a sponsor of continuing education on the
National Registry of CE Sponsors. State boards of accountancy
have final authority on the acceptance of individual courses for CE
credit. Complaints regarding registered sponsors may be submitted
to the National Registry of CE Sponsors through its website: www.
learningmarket.org.
Enrolled Actuaries (JBEA)
The conference is designed to provide up to 14 Non-Core JBEA
credits for enrolled actuaries. The final decision as to the number of
JBEA credits rests solely with the Joint Board for the Enrollment of
Actuaries (JBEA).
Enrolled Retirement Plan Agents (ERPA)
This conference qualifies for up to 12 ERPA CE credits and 2
ERPA Ethics credits. The final decision as to the number of ERPA
credits rests solely with the Internal Revenue Service.
Continuing Education Credit Approval
For other types of continuing education credit, including CLE or
state insurance credit, please contact the conferences staff at conferences@asppa-net.org by June 12, 2015 to submit your request
for approval. We will apply for advance approval of the program if
the application process and filing fees are not prohibitive.
Registration
METHODS OF REGISTRATION*
Choose ONE method.
ONLINE
FAX
MAIL
ONSITE
To expedite your registration, please register at
www.aspparegionals.org/boston
703.516.9308 Credit card only
ASPPA | PO Box 34725 | Alexandria, VA 22334-0725
For express/overnight deliveries (FedEx, DHL, etc.) send to:
ASPPA | 4245 N Fairfax Dr Ste 750 | Arlington, VA 22203
Registrations will be accepted on-site. Higher
registration fees will apply. Please see the registration
form for applicable fees.
*Please note that registration forms sent without payment will NOT
be processed until payment is received.
Confirmation
All attendees will receive an electronic confirmation sent to the
email address listed on the registration form. This confirmation/
receipt verifies your address information, the event(s) you have
signed up for and how much you have paid. Attendees are urged to
review their confirmation and print for their records. If you have not
received your confirmation within three weeks of registering, please
contact the American Retirement Association Customer Care department at customercare@asppa.org.
Badges
Attendees registering in advance may pick up their badges and onsite materials at the Registration Desk during conference hours. If
you do not check in at the Registration Desk to pick up your badge,
you will be deemed a no-show and continuing education credit will
not be issued. No refunds will be given for no-shows. Attendees will
not be allowed to pick up other attendee badges/materials.
Dress Code
Attire at the conference is business casual. Feel free to be comfortable in slacks, polo shirts, sweaters, blazers and blouses. Remember that hotel meeting rooms tend to be cool, so be sure to being a
sweater or light jacket.
Disclaimer
The statements and materials presented at ASPPA conferences are
solely the opinions of the speaker and do not represent the opinion
or position of ASPPA. ASPPA assumes no responsibility for the
content of the statements and materials presented by speakers at
ASPPA conferences.
Questions
If you have any questions, contact the American Retirement Association Conferences department at 703.516.9300 or email us at
customercare@asppa.org.
Please check the website periodically for updates. We will post
approved credit and credit applied for as it is available.
6
2015 ASPPA REGIONAL CONFERENCE: BOSTON
REGISTRATION FORM
2015 ASPPA Regional Conference: Boston
Step One: Registrant Information
Please register only one person per form. All fields are required. Please type or print legibly.
First Name:
Middle Initial:
Badge Name:
Designations:
Last Name:
Title:
Company:
Address:
City:
State:
Phone:
Fax:
Zip:
Email:
Please note that information printed above for Badge Name, Company, City and State will appear on your conference badge exactly as stated.
Is this your preferred mailing address for all ASPPA correspondence?
q Yes, please change my address
q No
Please check dietary requirements (if applicable):
q Vegetarian
q Gluten Free
q Kosher
q Other:________________
If you require any other special accommodations, please specify: _________________________________________________________________
Your Industry Role (Please check the MOST applicable description.)
q Accounting
q Marketing
q Administration Systems
q Registered Investment Advisor: Financial Advisor
q Broker Dealer: Registered Rep. q Registered Investment Advisor: Home Office
q Broker Dealer: Home Office
q Sales
q Legal
q Third Party Administrator: Non-producing TPA
q Third Party Administrator: Producing TPA
Step TWO: Registration Fee Payment
Early*
(until 06/12/15)
Regular
(06/13/15—07/02/15)
On-site
(after 07/02/15)
ASPPA Member
q $695
q $795
q $895
Non-Member
q $750
q $850
q $950
q Check Payment: Check number: _______
Credit Card: q Visa q Mastercard q American Express q Discover
Name as it appears on card:
Card Number:
Expiration Date:
Authorized Signature:
To prevent duplication of payment, send your registration form only once. If you are mailing it, do not fax it and vice versa.
*To qualify for the early registration fee, registration and payment must be received in the ASPPA office by June 12, 2015. The fee is calculated based on the
receipt date of the registration form, not the postmark. Registrations will be accepted by the ASPPA office through July 2, 2015 at the regular registration rate.
Any registrations received after this date will be charged the on-site registration fee.
Tel: 703.516.9300
Fax: 703.516.9308
customercare@asppa-net.org
www.aspparegionals.org/boston