Employee Benefit Plans are important to the hiring and retention of employees for any business. However, they do present challenges to the CPAs engaged to audit them and Plan Sponsors who administer them. The Employee Benefit Plan Conference equips CPAs in public and private sectors with guidance to better audit and operate Employee Benefit Plans (EBP). The conference offers three tracks (Basic, Intermediate/Advanced and Plan Sponsors), each dealing with issues that impact EBPs.
The Basic track walks through the required audit procedures for CPAs who are new to auditing EBPs. The Intermediate/Advanced track provides CPAs an update on accounting and auditing issues, as well as a more in-depth discussion of advanced issues affecting your audit file. The Plan Sponsor track will feature sessions on anticipating, preparing and effectively responding to government oversight in your EBPs, as well as practical application tips for EBPs. Learn more about accounting, auditing, and reporting requirements, and receive updates on EBP legislative and regulatory issues, including current developments at the Department of Labor.
*If you choose to attend the simulcast, please note that only certain sessions will be offered in this format.*
Sheraton Columbia Hotel, 10207 Wincopin Cir, Columbia, MD 21044, United States
Speaker: Lynne McMennamin, Department of Labor
Speaker: Henry Smith, Smith & Downey
Speakers: Marilee Lau, CPA, KPMG & Lynne McMennamin, Department of Labor
Please note, it is recommended that you plan to attend all 3 sessions of these sessions as a continuous track. They are not duplicate courses.
Speaker: Adam Meehan, Smith & Downey
A lot of retirement plans, no matter how well-intentioned or maintained, will have at least one compliance gap involving the definition of compensation. The IRS has confirmed that this type of error is one of the most common they see when auditing plans. This session will cover items that plan sponsors should be thinking about with plan design (e.g., exclusions), common errors in administration, how to correct those errors, and discuss best practices for coordination between payroll and plan administration.
Speaker: Heather Karpawich, CPA, Grant Thornton LLP
Speakers: Mark Flanagan, Aronson LLC & Andrea O’Brien, Esq., IslerDare PC
Growing concerns over the adequacy of retirement income, heightened scrutiny of plan fiduciaries, and increased disclosure requirements, combined with rigorous oversight by the IRS and the DOL’s Office of Chief Accountant and Employee Benefits Security Administration, are enough to keep any plan sponsor up at night. Join us for a panel discussion where we will discuss steps that plan sponsors can take to anticipate, prepare, and effectively respond to government inquiries of all types regarding employee benefit plans. Topics to be addressed include:
Speakers: Jennifer Downs, CPA, Benefit Audit Group, LLC and Kate Petrillo, CPA, Aronson LLC
This session will be dedicated to advanced issues that often create challenges in our audit engagements. Topics include auditing in an electronic environment, initial audit procedures, proper use of SOC 1s and other unique audit considerations for DC, DB, H&W and ESOPs.
Speakers: Howard Soltoff, CLE, CHFC, CLTC, C(k)P, AIF, Chris Schneider, AIF®, C(k)P® Director – Pension Division, & Rebecca G. Bayne Director of Compliance and Group Benefits, TriBridge Partners
Speakers: Chris Rossi, SC&H Group, Rick Dreger, CISSP, CISA, Wavegard , & Lynne McMennamin, Department of Labor
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