Seminar - 401(k) Plan Design Ideas and Fiduciary Compliance
(Updated - NEW Fiduciary Rules recently announced by the DOL*)
Who Should Attend:
Plan Sponsors & Administrators, CPA's, CFO's, Business Owners and Human Resources
CONTINUING EDUCATION CREDITS: CPE (2) Credits / HRCI (2) CE Credits - (Please Request)
Seminar - Starting @ 8am Sharp (Registration and Breakfast Provided @ 7:30am)
Length of Time - 2 Hours
Cost: Free to Registered Attendees (No Walk-ups)
Critical Plan Design Ideas and Improvement Thoughts
- Top Ideas on Plan Design and Passing Discrimination Testing.
- Review why a "flexible" Plan Design can provide better Participation Rate and Reduce DOL Audit Risk.
- 401(k) vs. 401(k) Roth or Hybrid.
- Asset Lineup - Consider ETFs? (Performance and Fee Considerations)
- Reduce Administrative Costs. (Fee Structure Consideration)
- Increasing Participation Rate Ideas.
- Considering Auto-Enrollment and Auto-Escalation.
- HSA (Health Savings Account) Ideas and Discussion. (Growing Uptrend as a benefit offering)
- Multiple Company Matching Ideas for Compensation.
- In-Service Distributions (why and why not).
- (ADDED CONTENT) New DOL* Rules on Fiduciary Responsibility on 401(k) Plans
- What are YOU responsible for when it comes to Fiduciary Duty?
- Could you be "At-Risk" for a DOL Audit? We discuss how to REDUCE your risk!
- What you need to know?
- How to best prepare for Fiduciary Responsibility.
- What should be in your Fiduciary File (Plan Documents).
- Benchmarking - how often should you do it and what the analysis means to you.
This workshop is for companies that may or may not currently have a 401(k) Plan and may want to know some better Plan Design Idea options; in addition to what their Fiduciary Duty may entail and some basic service details that you should consider.
Through several conversations with many CFO's, Controllers, Human Resource personnel and corporate ownership, it still amazes us today how many companies have rigid plan structures, have many potential DOL (Department of Labor) Audit Flags and are not aware of the depth of their Fiduciary Responsibility to the company and the participants.
*DOL - Department of Labor