Ensure all parties are fulfilling their obligations under ERISA and that your organization’s 401(k) program is running smoothly.
Are you overwhelmed by the complexities involved in maintaining a 401(k) plan for your employees and confused as to what role your service providers play and wondering why at certain times, it feels like your 401(k) plan is taking over your life? This program will help you understand what role you, your organization, and the plan’s third-party service providers play in the maintenance of a 401(k) plan. The information also provides guidance through a discussion of best practices to enable you to improve the management of your 401(k) plan and its third-party service providers. This topic is critical for employers to ensure that all parties are fulfilling their obligations under the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code. It will also give you tips to use so that you can plan for the regular, ongoing duties you must fulfill to ensure your organization’s 401(k) runs smoothly and serves the goals of your organization.
Learning Objectives
- You will be able to define the various roles involved in maintaining a 401(k) plan.
- You will be able to describe best practices for administering your 401(k) plan.
- You will be able to discuss the various roles involved in maintaining a 401(k) plan.
- You will be able to explain how to manage the complexities of maintaining a 401(k) plan.
Agenda
Learn How to Identify Your Role and Fulfill Your Obligations
- Determine Who Are the Plan Fiduciaries and What the Means
- What Should You Be Doing to Meet Your Obligations
- What Actions Should You Be Taking With Respect to the Plan’s Service Providers
Learn How to Really Understand How Your Plan Should Operate
- Learn to Read and Understand the Plan’s Legal Document(s)
- Understand Why the Details Matter and What You Can Do to Help Ensure Compliance
- Identify Plan Design Options That May Add Value for Your Organization and Employees
Learn to Plan for the Constant Attention Your Plan and Service Providers Need
- Tips for Making a Compliance Calendar for Your Plan
- Tips for Avoiding Surprises With Respect to Your Plan
- Tips for Communicating With Your Employees
Speakers
Patricia Beaty,
Taft Stettinius & Hollister, LLP- Partner in the office of Taft Stettinius & Hollister, LLP focusing exclusively on employee benefit matters
- Practice emphasizes all aspects of employee benefits and executive compensation of both retirement and health and welfare plans
- Conducts regular seminars and workshops on ERISA, fiduciary duties, the Affordable Care Act, IRS and DOL audits, 401(k) plans, defined benefit plans, cash balance plans, health and welfare plans, mergers and acquisitions, 403(b) plans, 457(b) plans, 457(f) plans and new comparability (cross-tested) plan designs
- Certified employee benefits specialist (CEBS), American Bar Association Committee on Employee Benefits, Indiana Benefits Conference (past chairperson), Indianapolis Bar Association, American Society of Pension Professionals and Actuaries
- J.D. degree, Indiana University Robert H. McKinney School of Law; B.S. degree, Ball State University
- Can be contacted at 317-713-3533 or pbeaty@taftlaw.com
Who Should Attend
This live webinar is designed for human resource managers, benefits administrators, payroll managers, plan administrators, controllers, CFOs, finance directors, accountants, presidents, vice presidents, business and office managers, and attorneys.
