IRS Compliance and Governmental
Overview:
Understanding proposed tax compliance guidance from the IRS regarding government retirement plans a challenge for plan sponsors, participants and beneficiaries in 2011 and beyond. Plan sponsors can anticipate increased IRS scrutiny and must prepare for the increased likelihood of examination.
IRS Compliance & Governmental Retirement Plans Explored LIVE Webcast is a must attend event web event for plan sponsors, beneficiaries, participants and related professionals.
Some important issues covered:
- Governmental Pick-up Plan Guidance
- Fiduciary Standards Applicable to Governmental Plans
- Section 414(d) Governmental Plans Requirements
- Benefit Rule for Governmental Plans Participating in Group Trusts
- Employee Plans Compliance Resolution System
- And other Up to the Minute Regulatory Updates
A panel of distinguished government officials and thought leaders will provide valuable information and analysis to help you navigate around the retirement plan potential pitfalls in a two-hour LIVE webcast organized by the Knowledge Group.
Agenda:
SEGMENT 1:
Barbara D. Bovbjerg, Managing Director, Education, Workforce, and Income Security,
U.S. Government Accountability Office
- Situations and Issues for Public Plans
- Funding
- Governance
- Relationship with Social Security
- Role of the Government including IRS
SEGMENT 2:
Carol McClarnon, Of Counsel,
Giller & Calhoun
- Common Compliance Errors in Governmental Plans
- EPCRS: IRS Correction Programs for Qualified Plans and 403(b) Plans
- Fiduciary Duties and the Governmental Plan Administrator
SEGMENT 3:
Mike Hadley, Partner,
Davis & Harman LLP
- Which plans qualify as “government plans” under the Internal Revenue Code and ERISA?
- What are “pick-up” contributions for public employees? Why do they matter? And what new rules regarding pick-up contributions are under consideration at the IRS?
- What are the latest rules governing government plan participation in group trusts that commingle assets with other qualified plan contributions?
Who Should Attend:
- Plan Sponsors & Fiduciaries
- Retirement Professionals/Advisors
- CFOs
- Tax Lawyers
- Tax Advisers
- Compliance Officers
- General Counsel
- Governmental Retirement Plan Practicing Lawyers
- CPAs
- Retirement Plan Sponsors
- Third Party Retirement Plan Sponsors
- Participants
- Employee Benefits Professionals
- Human Resource Managers who oversee governmental retirement plan
- Financial Advisers
- Industry Watchers
Barbara Bovbjerg is the Managing Director for Education, Workforce and Income Security Issues at the U.S. Government Accountability Office. In …
Carol McClarnon is Of Counsel to Giller & Calhoun, LLP. She has over 20 years of law firm experience providing …
Michael Hadley is a partner in the law firm Davis & Harman LLP. He practices in the area of employee …
Timothy Speiss is the Partner-in-Charge of the firm’s Personal Wealth Advisors Group and Vice President of EisnerAmper Wealth Planning LLC. …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
NONE
Course Code:
114157
Total Credits:
2.0 CLE
Login Instructions:
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SPEAKERS' FIRMS:
U.S. Government Accountability Office
About U.S. Government Accountability Office
About Giller & Calhoun
Giller & Calhoun, LLC is a law firm providing legal support to non-profit and governmental employers that are sponsoring retirement and welfare benefit programs , and to the service providers for those plans. The firm’s attorneys have extensive experience in the design and operation of employee retirement and welfare programs, including 403(b), 401(a), 401(k) and 457 plans, retiree health plans, executive deferred compensation arrangements and early retirement programs. We work with our clients to address the tax, ERISA, and insurance regulatory issues raised by these plans, and, where necessary, to help them correct errors in their design or operation. We also have expertise about the financial products used with benefit plans, including annuity contracts, custodial accounts, and life and health insurance policies.
Website: https://gillercalhoun.com/
About Davis & Harman LLP
The law firm of Davis & Harman LLP helps financial institutions, trade associations, insurers, and large corporations find effective solutions to taxation, insurance law and employee benefit challenges. Davis & Harman provides expert counsel and one-stop service regarding health and welfare plan benefits, executive compensation, life insurance products and retirement savings vehicles.
Website: https://www.davis-harman.com/
About EisnerAmper LLP
EisnerAmper is one of the premier accounting, tax and business advisory firms in the United States and the leading regional firm in the Northeast. EisnerAmper provides a wide array of services to a diverse client base including financial institutions, publicly traded and privately held companies and high net worth individuals and family groups.
Website: https://www.amper.com/