COURSE DESCRIPTION: New electronic filing requirements have become mandatory effective January 1, 2010. The move to the new fully electronic filing system (EFAST 2) effective for the 2009 reporting requirements are just one of the many new Form 5500 challenges facing plan sponsors. In addition, new Schedule C Service Provider disclosure requirements pose significant administrative difficulties as plan sponsors also struggle with new actuarial schedules (MB and SB) and new information required on Schedule R (Retirement Plan Information). Are you prepared to meet these new Form 5500 reporting obligations? In this 60-minute session you’ll learn how to handle all your new filing requirements, including simplified, short filing options for small plans and new onerous requirements (annual independent audits) for 403(b) plans. We’ll also discuss compliance issues involving the dreaded non-compliance letter, negotiating with the Department of Labor over the assessment of penalties and how to take advantage of the Delinquent Filer Voluntary Correction Program. In this program, you’ll learn how to be compliant with the new Form 5500 rules: - The Who, What, Where and When of filing Form 5500
- Large Plans vs. Small Plans
- Pension Plans vs. Health and Welfare Plans
- 401(k) Plans vs. 403(b) Plans
- The new requirements:
- Electronic Filing is here – are you ready?
- New Schedules – MB (Multi-employer Plans), SB (Single Employer Plans)
- Changed Schedules – Schedule R
- Simplified Form 5500-SF for small plans
- 403(b) plan audit requirements
- The ins and outs of the new Schedule C reporting requirements
- When is it effective, what needs to be reported, what is reportable compensation and what is the difference between direct and indirect compensation
- Dealing with Non-Compliance
- Taking full advantage of the Delinquent Filer Voluntary Correction Program
- Handling an audit, receiving a non-compliance letter and the consequences of non-compliance
- Reporting delinquent participant contributions
ABOUT THE SPEAKER: John A. Reade, Jr., a partner in the Duane Morris LLP Employee Benefits and Executive Compensation practice group, is recognized as an authority in the area of employee benefits. His background includes: Counseling and representing clients in the area of employee benefits, including executive compensation and severance agreements, qualified and nonqualified plans, health and welfare plans, ERISA litigation, employee benefits issues in corporate transactions, fiduciary related issues involving prohibited transactions and qualified plan advice and representation of clients before the DOL, IRS and PBGC.
John speaks frequently across the country on developments in employee benefits and executive compensation. He is a magna cum laude graduate of Syracuse University College of Law, where he was a member of the Syracuse University Law Review, and a magna cum laude graduate of Syracuse University.
 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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