Q4

Event Details:                                                                                                                                                           printer-friendly page

Back ground: Effective for plan years beginning after December 31, 2006, the IRS proposed regulations under Code Sec. 401(a)(35) which had a significant impact on diversification requirements for defined contribution plans and public employer securities. The regs most significantly affected issues such as: Divestment rights, Employee Stock Ownership Plan “ESOPs”, Pooled investment vehicles, and Restrictions on: diversification rights, employer securities, Benefits, Elections, Direct/Indirect restrictions.

Effective on or after January 1, 2009, The Treasury Department and IRS released REG-136701-07 These were intended to clarify the scope of the rule with respect to restriction, and expanded definitions of when employer securities are traded in an official securities market.

Fast forward to Q4 2009 and companies are still grappling with this issue. The Knowledge Group is assembling a panel of plan experts to help plan sponsors & companies understand what’s new and how to comply. The speakers will share their expertise in a two-hour LIVE Webcast which will include a live Q&A opportunity for the audience and a best practices panel.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Conference
Recommended CLE/CPE Hours: 1.75 - 2.0
(Please 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.)
Advance Preparation: Print and review course materials
Course Code: 093886
Course Fee: $199 - $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for Defined Contribution Plans live webcast:


Proposed Agenda (click here to view more)
SEGMENT 1:


Richard L. Menson, Partner, (Former Chair, Joint Committee on Employee Benefits of the American Bar Association),
McGuireWoods LLP

** Speaker Talking Points to be added soon.. **

SEGMENT 2:


Erin Turley, Partner, Co-chair, ESOP Task Force,
Morgan, Lewis & Bockius LLP

Every defined contribution (which is not an ESOP) that holds publicly traded securities must provide:

Each individual must have the right to direct the plan to divest employer securities allocated to the individual’s account that are attributable to employee contributions or elective deferrals and to reinvest an equivalent amount in other investment options.

Each individual who is a participant who has completed at least three years of service, an alternate payee of a participant who has completed at least three years of service, or a beneficiary of a deceased participant must be permitted to elect to direct the plan to divest employer securities allocated to the individual’s account and to reinvest an equivalent amount in other investment options.

Other investment options must consist of at least three investment options, other than employer securities, to which the individuals may direct the proceeds from the divestment of employer securities, each of which is diversified and has materially different risk and return characteristics.

A plan holds a publicly traded security if any member of the controlled group of corporations which includes the employer (determined by applying section 1563(a), except substituting 50 percent for 80 percent) has issued a class of stock that is a publicly traded employer security.

Annual notice required to be given to participants advising of such diversification rights and advising of the importance of diversifying the investment of retirement account assets.

SEGMENT 3:


David Levine, Principal,
Groom Law Group, Chartered

- Amendments for 401(a)(35) diversification and the PPA amendment deadline.
- Informational documents for participants - SPDs, SMMs, etc.
- Other communications for participants.

SEGMENT 4:


Robert Walter, Principal and Benefit Consultant,
Buck Consultants, An ACS Company

** Speaker Talking Points to be added soon.. **

SEGMENT 5:


Mike Boro, Principal, Human Resource Services Practice,
PricewaterhouseCoopers

** Speaker Talking Points to be added soon.. **



McGuireWoods LLP
Richard L. Menson
Partner, (Former Chair, Joint Committee on Employee Benefits of the
American Bar Association)
                       speaker bio »»

Morgan, Lewis & Bockius LLP
Erin Turley
Partner, Co-chair, ESOP Task Force
speaker bio »»

Groom Law Group, Chartered
David Levine
Principal
speaker bio »»

Buck Consultants, An ACS Company
Robert Walter
Principal and Benefit Consultant
speaker bio »»

PricewaterhouseCoopers
Mike Boro
Principal, Human Resource Services Practice
speaker bio »»

Who Should Attend?

- CFOs
- Financial Officers
- Employee Benefits and Executive Compensation Practicing Lawyers
- Compensation and Benefits Consultants
- Stock Plan Consultants
- HR Executives
- Benefits Managers

Why Attend?

This is a must attend event to everyone to hear and understand the up-to-the-minute and most relevant updates on defined contribution plans.
- Detailed guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Registration Information:                                                                                                                                    


** Discounts Apply for early registration

Disclaimer:
Please note, the event date is firm although it may be subject to change. Please click here for details.

 

 

 

 


Defined Contribution Plans and Publicly Traded Employer Securities a Q4 2009 Update: LIVE Webcast
Speaker Firms:





Buck Consultants, An ACS Company






 

The Knowledge Conference is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org


 

We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org

Attention New York Attorneys:

This program is approved for CLE credit under New York’s Approved Jurisdiction policy. The Knowledge Group, LLC is an approved sponsor in the state of California, a New York Approved Jurisdiction. This program fulfills the non-traditional format requirement of exceeding 60 minutes in length. Please note only experienced attorneys (more than 2 years) are eligible to receive CLE credit via non-traditional format learning platforms. The Knowledge Group will verify attendance during the webcast via secret words (3 per credit hour) and by auditing attendees log in and log out records. All verification instructions will be provided during the webcast. Once attendance verification requirements have been completed, the attendee will be issued a certificate of attendance be The Knowledge Group for the course with the recommended number of credit hours. The Certificate of Attendance is normally sent via email in 24 hours or less.

To Claim Your CLE Credits:

The attorney should simply include credits earned via Knowledge Group webcasts when computing the total number of CLE credits completed, and keep the Knowledge Group Certificate of Attendance for a period of at least four (4) years in case of audit. An attorney may count towards her/his New York CLE requirement credit earned through the Approved Jurisdiction policy without notifying the CLE Board.

To learn more about New York’s Approved Jurisdiction policy. Please visit: http://www.nycourts.gov/attorneys/cle/approvedjurisdictions.shtml



 
Enrolled Agents Sponsor ID Number: 760

We have entered into an agreement with the Office of Professional Responsibility, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual.