Do you understand how your organization's 403(b) plans are impacted by the new DOL reporting rules, the new audited financial statement requirement, and other legislative changes currently being considered by Congress?
Benefit programs of tax-exempt organizations continue to be under intense scrutiny by the media and the federal government. New reporting requirements and mandated audited financial statements of retirement programs subject to ERISA are creating significant challenges for tax-exempt organizations who have never had to concern themselves with these types of issues before. Coordination and assembly of the required information among multiple annuity contract vendors has to be tackled and addressed for 2009 tax return filings submitted in 2010. Further, Congress is also poised to start extending additional reporting requirements which have historically only been the focus under 401(k) plans (such as the new fee disclosure legislation), and these additional requirements will likely impose other restrictions on ERISA
403(b) benefit programs. Many of these changes will affect ERISA 403(b) benefit programs in 2010 as well as beyond. Tax-exempt organizations must begin now to assess the impact of these changes and develop appropriate responses.
Join a panel of Seyfarth Shaw attorneys and Mesirow Financial investment professionals to learn about:
- How the IRS is starting to require that ERISA 403(b) programs be treated comparably to all other qualified retirement plans
- How the new audited financials and new Form 5500 filing requirements for 2009 should be handled and coordinated
- How familiarity with fiduciary duties has assumed more importance for sponsors of ERISA 403(b) programs
- How creating and maintaining an Investment Policy for an ERISA 403(b) program is now a necessity
- How to monitor investments and develop appropriate procedures for doing so
- How to evaluate investment fees and the likely application of new fee disclosure requirements
- Best Practices for 2010
Who Should Attend:
The following management personnel of tax-exempt organizations who maintain an ERISA 403(b) program:
- General Counsel;
- CFO or other persons responsible for investment decisions; and
- HR, benefits and legal personnel who work on disclosure matters
For questions please contact Raegan Pangonis at firstname.lastname@example.org.