RELIUS EDUCATION. Retirement Plans in a Troubled Economy

Transcription

1 RELIUS EDUCATION Retirement Plans in a Troubled Economy

2 Sungard s relius education 2 Retirement Plans in a Troubled Economy Design and Administration Nothing tests a plan practitioner s ability and agility like a depressed market. It s easy to stumble when there s no right answer that works for everyone. Some employers must severely curtail contributions. Others want to contribute more to make up for their losses. Many companies rue their annual valuations with balance forward accounting, especially once employees start making year-end distribution requests. The volume of calls and questions from employers and participants mounts up at a time when many practitioners are struggling to handle plan restatements. Uncertain times are definitely not the time for a pension practitioner to be uncertain. Come to our special seminar Retirement Plans in a Troubled Economy. You ll not only learn rules, but you ll learn strategies, so you can give advice to help your clients meet their goals. Topics include Interim Plan Valuations Elimination of Fixed Formulas Hardships and Loans Fiduciary Issues Plan Expenses Plan Termination and Partial Termination SPEAKERS Each program is conducted by one of SunGard s well-respected, ERISA attorney-consultants: Stephen W. Forbes, J.D., LL.M. Craig P. Hoffman, J.D., LL.M., APM S. Derrin Watson, J.D., LL.M., APM Visit our Web site for complete speaker bios: Questions? webtechsem@relius.net. Who Should Attend This is an intermediate program recommended for the experienced practitioner, consultant, administrator, CPA, attorney, actuary, trust officer, and corporate benefits staff (including human resources). This program offers you an exceptional opportunity to learn from top plan experts and to discuss alternative approaches to the problems facing employers today in the design and administration of their qualified plans. ARE YOU SUBSCRIBED? SunGard values and supports sustainability of all resources. In keeping with this, we are in the process of changing from paper to electronic delivery of seminar and conference announcements. Postcard notifications will continue for a short time, but eventually they will be replaced by announcements. All the information you need can be easily accessed online, including seminar registration. Effective May 31, 2009, seminar announcements and reminders will be limited to those who subscribe to our free newsletters. Don t miss out subscribe now to our free newsletters for Seminars and Conferences. Registered users can login to update their information, and new users can easily establish a Login. It s simple and fast. New subscriber? Sign up now: newuser.aspx. Already subscribed? Review/Update your profile and address: login.aspx.

3 Sungard s relius education 3 Agenda Retirement Plans in a Troubled Economy Design and Administration 8:00 a.m. Registration Check-in/Coffee and Danish 8:30 a.m. Elimination of Fixed Contribution Formulas Deadline for eliminating fixed contribution (match and nonelective) formulas; compensation in termination year; revocation of safe harbor 401(k) plan notice; mid-year exiting of safe harbor 401(k) plan; mid-year termination of safe harbor 401(k) plan; application of the maybe notice approach; switching testing methods; 204(h) notice. Participant Loans The 50% limit in a falling market; appropriate interest rate; terminating payroll withholding; tax and reporting issues for loan default; accounting and reporting phantom interest; terminating plan with outstanding loans; loans to former employees; loans to employers. Hardship Distributions Hardship events; documentation; satisfying distribution and loan options first; loan increasing the need; cutting off deferrals; safe harbor vs. non-safe harbor; interim hardship distributions; tax consequences. Plan Termination Procedure; filing Form 5310; updating plan (necessary amendments); restatement as a prerequisite; filing final 5500; lost participants. 12:00 p.m. Lunch (provided) 1:00 p.m. Partial Termination What constitutes partial termination; employer vs. employee initiated events; consequences; reporting issues; determination letter. Plan Expenses Shifting plan expenses from the employer to the plan; charging participants for certain plan expenses; disclosure of plan expenses; retroactive employer reimbursement. Interim Plan Valuations Anti-cutback issues; necessary plan language; timing; fiduciary considerations; distribution provisions; processing distributions; plan investment options limiting employer exposure; fiduciary responsibility; policy regarding revaluation in an up and down market. Plan Design Increasing eligibility conditions for new and existing employees; changing vesting schedules; excluding categories of employees; maximizing flexibility. Miscellaneous Issues Is this the time for Roth? Roth conversions; timely deposits of deferrals; required minimum distributions for 2009; rollovers as business start-ups (ROBS); blackout notice. 4:00 p.m. Adjournment RELIUS EDUCATION PROGRAMS IN (k) Plan Workshop Form 5500 Workshop Fundamentals of 401(k) and Other Qualified Plans 401(k) Plans: Beyond the Basics ERISA Workshop Specialty Topics Programs Plus Web Seminars Live and Archived Hot Topics! ERPA Web Seminars Returning in June 2009 Advanced Pension Conference Chicago September 2-4, 2009 For more information about any Relius Education seminars or conferences, visit our Web site: select the sentence link immediately below the first paragraph

4 Sungard s relius education 5 DATES AND LOCATIONS** Date Location Date Location March 19 ATLANTA March 20 PHILADELPHIA Cobb Galleria Centre* Sheraton Suites Philadelphia Airport Two Galleria Parkway 4101 Island Avenue Atlanta, GA Philadelphia, PA March 19 March 20 March 20 Accommodations: Sheraton Suites Galleria* 2844 Cobb Parkway S.E. Atlanta, GA or Reservations: Ask for SunGard rate (based on availability). KANSAS CITY DoubleTree Hotel Kansas City Corporate Woods* College Blvd. Overland Park, KS or Reservations: Derek.Smith@hilton.com CHARLOTTE Charlotte Hilton Executive Park 5624 Westpark Drive Charlotte, NC or CHICAGO DoubleTree Hotel Chicago-Arlington Heights 75 West Algonquin Road Arlington Heights, IL March 24 March 26 March 27 March 27 DALLAS Crowne Plaza Suites Dallas* 7800 Alpha Road Dallas, TX Reservations: Ask for the Windsor rate. MINNEAPOLIS Embassy Suites Minneapolis Airport th Avenue South Bloomington, MN DENVER Sheraton Denver Tech Center Hotel 7007 S. Clinton St. Greenwood Village, CO SAN FRANCISCO Embassy Suites San Francisco Airport 250 Gateway Boulevard Gateway at East Grand Ave. South San Francisco, CA ** Dates and locations are subject to change. Please visit our Web site to verify that dates have been finalized before making travel arrangements com/reliuseducation; select the sentence link immediately below the first paragraph. Accommodations Hotels reserve a limited number of accommodations for seminar registrants until 4 weeks prior to the program(s). Hotels without a room block are indicated by (*). Registrants needing overnight accommodations must make room reservations directly with the hotel. Be sure to mention the SunGard program to obtain the group rate, if available. For information about other accommodations in the vicinity, please contact the host hotel guest services desk or your travel agent.

5 Sungard s relius education 6 Continuing PROFESSIONAL Education 7 hours CPE credit based on a 50-minute hour* 6 hours CE/CLE credit based on a 60-minute hour* * actual credit hours granted may vary. Final decision rests with the governing body. There are no prerequisites or other advance preparation for this intermediate to advanced level course. SunGard pension seminars and conferences are designed to be acceptable to most professional organizations for continuing professional education credit, including the Joint Board for the Enrollment of Actuaries, ASPPA, NIPA, IRS Enrolled Agents Program, CFP, the ICB (for CRSP and CFTA), state bar associations, CPA boards, InFRE, HRCI for SHRM professionals, and PACE. Generally, programs are submitted for CLE credit in the states where they are being conducted. CE must be requested at least six weeks prior to the program and is subject to approval by the appropriate jurisdiction. Attendees will bear CE approval fees in those jurisdictions imposing per attendee fees. Because of the administrative requirements of state insurance accrediting agencies, we will not be able to obtain CE approval for insurance professionals. SunGard 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 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 Web site: This program has been approved for 6 recertification credit hours toward PHR or SPHR recertification through the Human Resource Certification Institute (HRCI). For more information about certification or recertification, please visit the HRCI homepage at For more information about Continuing Education, call , Ext Objective Upon completion of the Retirement Plans in a Troubled Economy seminar, an attendee should understand: The issues and procedures involved in reducing or eliminating fixed contributions. The procedures for handling participant loans, including refinancing and default. The benefits and requirements of administering hardship distributions. The procedures involved in plan terminations. How to determine if a partial termination requiring full vesting has taken place. Alternatives for payment of plan expenses. Plan design alternatives for reducing costs or increasing contributions. New rules relating to the timing of deferral deposits, RMDs, ROBS, and other current developments. Rave Reviews from Relius Education Seminars and Workshops A sampling of attendee responses about how the attended seminar helped them. It was awesome! It really helped me have a better understanding. Great job once again! Third Party Administrator, Oklahoma. Brought me up to date on a lot of issues that will help in guiding and directing my clients. Accountant, Kansas. Very comprehensive. Speaker was also very good in answering questions. Attorney, New Mexico. I was a complete neophyte on 403(b) plans. It was clear and concise and gave me a great foundation. Consultant, Illinois. Good info; speaker is awesome! He made a dry subject enjoyable. Third Party Administrator, Illinois. Pointing out special situations that commonly occur and how to deal with them brings practical knowledge we can apply in our business. Consultant, Tennessee. I m able to keep up with all the daily industry activities and I count on these seminars to help me stay on top of things. Trust Officer, North Carolina. With the limited training with my employer, this was very beneficial. Accountant, Colorado.

6 Sungard s relius education 7 Retirement Plans in a Troubled Economy 2009 Registration Early Fee $410 Standard Fee $435 (payment and registration received at least 21 days prior to program date) (payment and registration received less than 21 days prior to program date) THREE WAYS to REGISTER TODAY! Â Online: Fastest way to register! Ê Fax: SunGard, ATTN: Order Processing-Accounting, Mail: SunGard, ATTN: Order Processing-Accounting, (24 hours a day) P.O. Box 47470, Jacksonville, FL Note: Online registration will not be accessible within three (3) business days of program date. Volume Registration Discounts are available for 6 or more registrants from the same firm attending the same program and city. For more information, send an to webtechsem@relius.net or call , Ext or Ext The registration fee includes all seminar materials and food and beverage as stated in program agenda. The registration fee does not include other meals, lodging, transportation, or parking. Registrations are confirmed by . Please note: While walk-in registrations are accepted, be sure to call before the program to confirm that space and course materials are available. Recording of the program is NOT permitted. If you have questions or require special assistance, send an to webtechsem@relius.net. Registration Form (Please copy as needed to register additional persons.) Register online for faster processing. q Retirement Plans in a Troubled Economy ($410 early; $435 standard) City: Date: $ Seminar Discount Code (if any) Payment Method (Check or credit card information must accompany this form.) q Enclosed is check payable to SunGard Corbel LLC for the total amount. q Please charge: q MasterCard q VISA q American Express CT Residents Add Applicable Sales Tax Total Due $ $ $ $ / Card Number Exp. Date Cardholder s Name Authorizing Signature Mailing Information q Please check if new address, phone, or fax. (please print or type) Code from mailing label (if any) q Mr. q Ms. Client Acct. # Full Name Name for Badge Profession Firm Name Shipping Address (Do not use P.O. Box Number) City State Zip Phone # Fax # Web Site Cancellation/Transfer Policy All requests must be in writing. Full refund of program registration fee, less a $50 administrative fee will be made for cancellations received at least 10 business days prior to the program selected. No refund for cancellations received later than 10 business days prior to the program. Transfer requests (within the same program only) must be received at least 10 business days prior to program date, and will result in a $25 administrative fee. Substitutions may be allowed with at least five business days advance notice. Seminar requests, questions, or concerns may be faxed to SunGard, Attn: Order Processing Accounting, , or ed to webtechsem@relius.net. P Think before you print WebBro SunGard. Trademark Information: SunGard, the SunGard logo, and Relius are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.