COURSE DESCRIPTION: CFOs and Controllers are feeling the heat on 401(k) management. Why? Because the Supreme Court recently ruled that retirement plan participants can sue plan fiduciaries for investment plan losses (LaRue v. DeWolff Boberg & Assocs. Inc.).
The bottom line: If you’re a plan fiduciary, you must be on top of every detail and get it right … regardless of how many other hats you wear in your organization.
The questions are many: What exactly is a fiduciary responsible for? What’s my liability … for my organization and for me personally? How do I get a clear answer on plan costs? Do I have all the documentation I need? What happens if I get something wrong?
In this 60-minute audio/webinar program 401(k) management expert David Gensler of Madison Pension Services will answer these questions and more. He’ll tell you how to put a systematic process in place to keep your plan in compliance, control your costs and reduce the chances that employees will sue you for mismanagement.
Issues covered include:
- What is the significance of the recent Supreme Court decision of LaRue vs. DeWolff
- What 401(k) related documents you “must have” in your files – and who wants you to have them
- Who is a fiduciary in a 401(k) plan and what are their responsibilities
- What steps can you take to limit your fiduciary liability
- The value of having an Investment Policy Statement (an IPS) for your 401(k) plan
- What is a Qualified Default Investment (a QDIA)? Should my plan have one? What protection does it offer?
- When to remit employee salary deferrals, once a month or with every payroll – and when to pay company match and/or profit-sharing contributions
- Funds & Fees: What constitutes due diligence in evaluating the investment selections in your company 401(k) plan? What are you suppose to know about the fees your plan is paying and where do you get that information?
ABOUT THE SPEAKERS: David I. Gensler is the President of Madison Pension Services, an actuarial and retirement consulting firm, specializing in custom plans for small and mid-sized companies. Established in 1978, Gensler was a founding principal, and has over thirty years of consulting actuary experience.Madison manages over $400 million in assets and is a member on NRP, a select group of nationwide pension Consulting firms that pool resources to leverage best practices. Combined, NRP manages $24 billion in assets. Gensler is an Enrolled Actuary and a member of both the American Academy of Actuaries and the American Society of Pension Professionals & Actuaries (ASPPA).
Considered a leading expert in the field of qualified plans and 401k’s, Gensler is a frequent lecturer, and has been quoted in The Wall Street Journal, The New York Times, and Crain’s Business. Gensler has served as the Co-Chair of the ASPPA Government Affairs Committee, and has provided leadership and expertise in the area of pension legislation on both the state and federal levels. He has taught several ASPPA courses on employee benefits and is on the board of ASPPA’s New York chapter Benefits Council.
MONEY-BACK GUARANTEE: We’re so confident you’ll get what you want out of this conference that we’ll refund your full fee if you’re not satisfied. It’s risk-free.
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