2 0 1 5 A S P PA
REGIONAL CONFERENCES
CHICAGO
REGIONAL
AMERICAN SOCIETY OF
PENSION PROFESSIONALS
AND ACTUARIES
June 4–5, 2015
Wyndham Grand Chicago Riverfront
Chicago, IL
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
June 4–5, 2015
Chicago Riverfront
Chicago, IL
CHICAGO
REGIONAL
AMERICAN SOCIETY OF
PENSION PROFESSIONALS
AND ACTUARIES
2015
REGIONAL
CONFERENCE
COMMITTEE
The ultimate conference experience
for retirement plan professionals.
Vice Chairs
Jennifer Gibbs Swets, QPA, QKA, ERPA, Dixon Hughes Goodman LLP, Virginia Beach, VA
Missy Matrangola, QPA, QKA, Atlantic Pension Services,
Inc., Kennett Square, PA
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
July 9–10, 2015
BOSTON
REGIONAL
Hilton Boston
Back Bay
Boston, MA
AMERICAN SOCIETY OF
PENSION PROFESSIONALS
AND ACTUARIES
W W W . A S P P A - N E T. O R G
Committee
Chicago Representative
Jerry Kalish, National Benefit Services, Chicago, IL
Boston Representative
Andrew B. Ledewitz, CPC, QPA, QKA, TGPC,
MassMutual Retirement Services, Boston, MA
November 9–10, 2015
CINCINNATI
REGIONAL
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
Craig Hoffman, Esq., APM, General Counsel, American
Retirement Association
Ellen Houston-Pozek, QPA, QKA, TGPC, DWC ERISA
Consultants LLC, Salem, NH
Covington, KY
AMERICAN SOCIETY OF
PENSION PROFESSIONALS
AND ACTUARIES
Cincinnati Representative
Jayne L. Gaffney, QPA, Sheakley Pension Administration,
Cincinnati, OH
General Conferences Co-Chair
Northern Kentucky
Convention Center
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
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2015 ASPPA REGIONAL CONFERENCE: CHICAGO
2015 ASPPA Regionals
June 4–5, 2015
Chicago Riverfront
Chicago, IL
CHICAGO
REGIONAL
AGENDA
AMERICAN SOCIETY OF
PENSION PROFESSIONALS
AND ACTUARIES
Thursday, June 4, 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.
The newly seated Congress is expected to once again turn
its attention to tax reform, 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 a number of 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: Not Just For the Big Kids: The Importance
of Administrative Procedures and Internal Controls
In Delivering Retirement Plan Benefits and Meeting
Compliance Requirements
ERPA, Non-Core JBEA
Increased oversight by the Internal Revenue Service and the
Department of Labor, consolidation of service providers, the
diversity of service models, and more complicated plan provisions are providing significant challenges to plan sponsors.
This session will use an interactive approach led by a CPA
specializing in ERISA audits to provide TPAs and other service
providers practical takeaways that can be used for client plan
administration. Session learning objectives include:
• Understand ERISA’s plan audit requirements and the
circumstances in which the Small Plan Audit Exception may
not be applicable.
• Learn the most common mistakes found in ERISA plan audits and Department of Labor investigations and how both
large and small plans can avoid them.
• Learn how to develop best practices to add value to your
client’s plan operation and management.
JoAnn E. Cassell, CPA, Cassell, Inc. and President of ASPPA
Benefits Council of Chicago
12:00 p.m. – 1:00 p.m.
Lunch
1:00 p.m. – 2:40 p.m.
Session 3: Plan Documents
ERPA, Non-Core JBEA
Pre-approved plans continue to be popular with plan sponsors,
but care and maintenance is important. The second pre-approved defined contribution plan restatement cycle is underway
with an April 30, 2016, restatement deadline. It’s important for
providers to set up a work plan to ensure that the restatement
process works smoothly. Depending on plan design issues,
such as the treatment of forfeitures, some clients may prefer to
restate later in the process rather than earlier. For defined benefit plans, the IRS is expanding the pre-approved plan program
to permit cash balance plan designs and will soon be issuing
guidance indicating which features will be permitted. This session will provide strategies to consider as you set up your work
plan for document updating in the year ahead. Session learning
objectives include:
• Understand some of the key changes between the EGTRRA documents and this restatement that may affect plan
operation.
• Can safe harbor 401(k) plans be restated throughout the
two-year window period or are there potential limitations?
• Since the documents were drafted using the 2010 Cumulative List, what, if any, interim amendments will need to be
attached when the restatements are adopted?
• Learn about the addition of cash balance plans to the defined benefit pre-approved plan program.
Charles D. Lockwood, Consultant, ASC Institute, LLC
3
2015 ASPPA REGIONAL CONFERENCE: CHICAGO
2015 ASPPA Regionals
June 4–5, 2015
Chicago Riverfront
Chicago, IL
CHICAGO
REGIONAL
AMERICAN SOCIETY OF
PENSION PROFESSIONALS
2:40 p.m.
–AND
3:00
p.m.
ACTUARIES
Break
3:00 p.m. – 4:15 p.m.
Session 4: Hey, I’m Just Your TPA, Not A Fiduciary
ERPA, Non-Core JBEA
Qualified retirement plans are complicated to operate and
manage and subject to increasing oversight by the Internal Revenue Service and the Department of Labor. Quite
understandably, then, plan sponsors turn to their TPAs for
advice and counsel on a wide array of ERISA matters. Now
what do you do? This interactive session will be led by an
experienced ERISA attorney and an experienced TPA to provide both legal and practical perspectives. Session learning
objectives include:
• Understand the types of fiduciary service models and
how this can affect your relationship with your client.
• Takeaway lessons learned from recent ERISA litigation
and Department of Labor enforcement actions.
• Articulate your role and responsibilities in client communication and your service agreement.
Jerry Kalish, President, National Benefit Services
Andrew S. Williams, Esq., Partner, Golan & Christie, LLC,
Attorneys and Counselors
4:15 p.m. – 5:15 p.m.
Reception
AGENDA
Friday, June 5, 2015
7:30 a.m. – 8:30 a.m.
Breakfast
8:35 a.m. – 10:15 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
10:15 a.m. – 10:30 a.m.
Break
10:30 a.m. – 11:45 a.m.
Session 6: Hands-On Session with the IRS EP Enforcement in the Great Lakes Region
ERPA, Non-Core JBEA
11:45 a.m. – 12:45 p.m.
Lunch
12:45 p.m. – 2:25 p.m.
Session 7: Take the Money and Run
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
4
2015 ASPPA REGIONAL CONFERENCE: CHICAGO
2015 ASPPA Regionals
CHICAGO
June 4–5, 2015
Chicago Riverfront
Chicago, IL
REGIONAL
AMERICAN SOCIETY OF
•
PENSION PROFESSIONALS
distribution
issues that your firm is currently facing.
AND ACTUARIES
Come away with best practices options for addressing
problem issues.
S. Derrin Watson, Esq., Attorney, SunGard Relius, LLC
2:25 p.m. – 2:45 p.m.
Break
2:45 p.m. – 4:00 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
S. Derrin Watson, Esq., Attorney, SunGard Relius, LLC
4:00 p.m.
Conference Adjourns
5
2015 ASPPA REGIONAL CONFERENCE: CHICAGO
2015 ASPPA Regionals
June 4–5, 2015
Chicago Riverfront
Chicago, IL
CHICAGO
REGIONAL
AMERICAN SOCIETY OF
PENSION PROFESSIONALS
AND ACTUARIES
Conference Location
Wyndham Grand Chicago Riverfront
71 East Upper Wacker Dr
Chicago, IL 60601
Tel: 312.346.7100
Room Rate: $249/night single or double
Cutoff Date: May 13, 2015
This room block may fill up quickly, so please make your
reservations early!
Cancellation Policy
If a written cancellation notice is received by May 29, 2015, the
American Retirement Association will refund the full registration
fee minus a $100 processing fee. After May 29, 2015, no refunds
will be available.
Continuing Education Information
ASPPA Members
This conference offers up to 14 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 Formal
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
[email protected] by May 1, 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/chicago
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
[email protected].
Badges
Attendees registering in advance may pick up their badge and on-site
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
[email protected].
Please check the website periodically for updates. We will post
approved credit and credit applied for as it is available.
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2015 ASPPA REGIONAL CONFERENCE: CHICAGO
REGISTRATION FORM
2015 ASPPA Regional Conference: Chicago
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 05/01/15)
Regular
(05/02/15—05/29/15)
On-site
(after 05/29/15)
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 May 1, 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 May 29, 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
[email protected]
www.aspparegionals.org/chicago