2018 EMPLOYEE BENEFIT PLAN CONFERENCE

Description

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, and this year will feature a session where attendees can share best practices on EBP audits with other practitioners.  The Plan Sponsor track will feature sessions on fiduciary, legislative and IRS developments that impact the administration of these plans.  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.*

If you’re interested in sponsoring this event, please contact Amy Puente at amyp@macpa.org.

Provider
MACPA
Course Level
Intermediate
Professional Area of Focus
Accounting & Auditing
Employee Benefits
CPE Field of Study
Auditing
8
Who Should Attend
If you are a CPA working in the corporate environment, interested in performing these types of audits, advising corporate clients, or are a plan sponsor you need to be here.
Prerequisites
Location

Sheraton Columbia Hotel, 10207 Wincopin Cir, Columbia, MD 21044, United States

View in Google Maps
Register Now
When
May 7, 2018
8:00 am - 4:30 pm
Location
Sheraton Columbia Hotel, 10207 Wincopin Cir, Columbia, MD 21044, United States
Total CPE Credits
8
Format
In-Person + Simulcast

AGENDA

DAY 1 of 1 May 7, 2018
7:30 am - 8:00 am
Registration and Continental Breakfast
8:00 am - 8:10 am
Welcome to the Day
8:10 am - 9:10 am
*00 - Department of Labor Update*

Marcus Aron, – EBSA DOL

What’s going on at the Department of Labor that will impact your benefit plan audits this year?  The DOL will share their insights with you, including details about the Department’s ongoing audit quality enforcement programs.  Find out what good work looks like and how to avoid the pitfalls that most often plague benefit plan audits and result in the rejection of Form 5500 filings.

9:10 am - 9:25 am
Networking Break
9:25 am - 11:30 am
01 - Basic Audit Workshop: 1 of 3

Speakers: Marilee Lau, CPA, KPMG & Marcus Aron, EBSA DOL

Basic Audit Workshop–This is a continuous three-part session designed to help you understand the fundamentals required to audit employee benefit retirement plans (401 (k) and defined benefit plans) in accordance with AICPA standards and EBSA regulations. It also introduces the participants to situations unique to employee benefit plans and provides solutions to those situations. Participant questions and real-life examples from the participants are encouraged.

*02 - Intermediate/Advanced: A&A Update*

Speakers: Heather Karpawich, Grant Thornton

This session will discuss current A&A recent pronouncements by FASB, ARSC and ASB as they pertain to EBPs.  The presentation will provide updates on accounting and auditing matters, as well as other industry and regulatory updates.

03 - Plan Sponsors: Plan Design/Structure and What They Are Advising Their Clients On

Speaker: Adam Meehan, Smith & Downey

This session will cover a broad range of typical plan designs that employers are considering and the areas that require special attention. Typical plan design items include safe harbor considerations, universal availability for nonprofits, automatic enrollment, definition of compensation, how to treat rehired employees when changing plan design, and many more. This session will also cover a broad array of various employee benefits topics that employers are seeking guidance on in 2018, and what we may expect going forward.

11:30 am - 12:30 pm
Lunch
12:30 pm - 1:45 pm
04 - Basic Audit Workshop: 2 of 3

Speakers: Marilee Lau, CPA, KPMG & Marcus Aron, EBSA DOL

Basic Audit Workshop–This is a continuous three-part session designed to help you understand the fundamentals required to audit employee benefit retirement plans (401 (k) and defined benefit plans) in accordance with AICPA standards and EBSA regulations. It also introduces the participants to situations unique to employee benefit plans and provides solutions to those situations. Participant questions and real-life examples from the participants are encouraged.

*05 - Intermediate/Advanced - Key controls/user (internal) controls - best practices for documentation. Planning & other risk assessments.*

Speakers: Josh Zimmerman, Jennifer Zimmerman, Morrison, Brown, Argiz & Farra

This presentation will discuss the planning of an EBP audit, including how the assessments of risks, key controls and SOC 1 user controls affect the audit as a whole.

06 - Plan Sponsors: What the IRS is doing & Latest Pronouncements

Speaker: Stuart Schabes, Baker Donelson

The presentation will include a discussion of the latest IRS efforts on employee benefits compliance and collection related tax matters including how to respond when the IRS proposes a plan disqualification as well the Hot areas of focus based on the IRS’ recently issued updated priority guidance pronouncement.

1:45 pm - 2:00 pm
Networking Break
2:00 pm - 3:15 pm
07 - Basic Audit Workshop: 3 of 3

Speakers: Marilee Lau, CPA, KPMG & Marcus Aron, EBSA DOL

Basic Audit Workshop–This is a continuous three-part session designed to help you understand the fundamentals required to audit employee benefit retirement plans (401 (k) and defined benefit plans) in accordance with AICPA standards and EBSA regulations. It also introduces the participants to situations unique to employee benefit plans and provides solutions to those situations. Participant questions and real-life examples from the participants are encouraged.

08 - Intermediate/Advanced: Best Practices for the EBP Auditor

Speakers, Kathyrn Petrillo and Jennifer Downs, Jennifer Amato, Tiana Wynn.

Have you ever wished you had another EBP auditor with whom to compare notes on how you approach your audits? If so, this session is for you! Experience round table discussions moderated and monitored by experienced professionals. Moderators will pose targeted questions to you and others at your table so you can share best practices and learn from and with those attending. The targeted questions will center around best practices with regards to audit testing and solutions to problems found in testing.

*09 - Plan Sponsors: Fiduciary Best Practices –What you should know about governance, plan design, and expenses*

Speaker: Matthew Cellini, Greenspring Advisors

This session will cover governance best practices that plan sponsors and their committees should be implementing on an ongoing basis. There will be thought provoking discussion around plan design that gives participants an opportunity to retire with dignity. In addition, we will cover plan expense evaluation and show plan sponsors how to pull the curtain back and know what their participants are paying and whether or not it is reasonable.

3:15 pm - 3:30 pm
Networking Break
3:30 pm - 4:30 pm
*10 - EBP Audits: Common Misconceptions and How to Address Them*

Speaker: Carl Mayes, AICPA

In 2017, the AICPA Peer Review Program analyzed a sample of employee benefit plan audits to identify areas where non-compliance was most prevalent. In the process, four areas were identified where professional standards weren’t well understood, which led to quality challenges for practitioners. Learn more about the peer review findings and the actions your firm can take to strengthen EBP audit quality in this important session.

MEMBER


$ (% off)
$300.00

NON-MEMBER


$ (% off)
$400.00
Become A Member

Register for this Event

2018 EMPLOYEE BENEFIT PLAN CONFERENCE


Loading
Your browser is out-of-date!

Update your browser to view this website correctly.

Update my browser now

×