403(b) Plan Revisions -- How the Latest Changes Affect Plan Administration

Presented by Bob Toth

Recorded on: Wednesday, February 17, 2010

Duration: 90 minutes
Prerequisites: None
CE Credits: 1.5 HRCI Credits awarded upon completion

PURCHASE:

ONLINE

PHONE/FAX
By Phone: 1-800-925-1878
By Fax: Fax Form

RECORDING HIGLIGHTS:

Recently the IRS and DOL significantly revised administration requirements for 403(b) plans. Under the new changes, the IRS will closely monitor 403(b) plans, which now must follow specific tax code and plan documentation requirements while the DOL has substantially increased disclosure and reporting responsibilities. These required changes significantly affect employers that sponsor 403(b) plans, mutual funds and insurance companies that offer annuities, as well as CPAs and plan administrators. However, the new revisions leave many unanswered questions, so confusion exists on what needs to be implemented and when plans need to be compliant.

This interactive audio conference will provide you with tools and steps you’ll need to become compliant with the new IRS and DOL requirements, as well as practical solutions to the pressing 403(b) issues confronting practitioners and plan sponsors.

Program Highlights:

How to determine whether your plan is covered by ERISA, and the steps you need to take to fix plan status problems under the new rules.
How to identify which contracts are part of your plan for Form 5500 reporting purposes.
An overview of the peculiar issues that arise when transitioning from non-ERISA status to ERISA status.
The problems with applying ERISA’s fiduciary rules in a multi-vendor, individual contract environment.
Potential liability exposures for non-ERISA plans, as well as 403(b) “hot topics” arising from the IRS rules.

Attendees Who Will Benefit From This Audio Conference Include:

Retirement plan administrators
Retirement plan vendors and service providers
Employee benefits professionals
CPAs
Retirement plan advisors
Employment and benefits law attorneys
Human resources professionals

YOUR EXPERT(S):

Bob Toth

Bob Toth has more than 25 years of experience in employee benefits law. His practice focuses on the design, administration and distribution of financial products and services for retirement plans, one which combines elements of ERISA, tax law, insurance law, securities law and investment law for both 401(a) and 403(b) plans. Bob’s experience includes implementing 403(b) programs under the new regulations; designing investment products for 401(k) plans; annuitization programs for defined contribution plans; advising on prohibited transactions issues related to retirement plan products and services and their distribution, development of open architecture programs for 403(b) plans; ESOPs and writing and implementing standards for fiduciary and advisory practices. Bob was a partner at Baker and Daniels and spent 17 years in the legal division of Lincoln National Corporation, where he was Associate General Counsel managing the legal affairs of LFG's employer market division. Bob is a Fellow of American College of Employee Benefits Council and an Adjunct Professor at John Marshall School of Law’s Employee Benefits.

CE Credits:

This program has been approved for (General) recertification credit hours toward PHR, SPHR and GPHR recertification through the HR Certification Institute. Please be sure to note the program ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
The use of this seal is not an endorsement by the HR Certification Institute of the quality of the program. It means that this program has met the HR Certification Institute’s criteria to be pre-approved for recertification credit.