Webinars

  December 2, 2008 at 02:00PM ET

Now’s the time for 401(k) plan administrators to get their ducks in a row for year-end 2008 and 2009 plan year changes.

A host of changes from the Pension Protection Act of 2006 went that into effect in 2007 and 2008 will require plan amendments for 2009.

Find out what they are, and what you need to do about them at this timely IOMA webinar!

Plan activity reflects changes made by the Pension Protection Act of 2006 and final Internal Revenue Service and Department of Labor regulations that implement those changes. It also covers the host of changes recently released by the Internal Revenue Service which revises the agency’s program for voluntary corrections of retirement plan qualification errors.

Take the time now to ensure your plan is in compliance. Join IOMA and our expert faculty for an in-depth look at the steps 401(k) plan sponsors must take in order to stay in compliance with the new rules governing retirement plans. You’ll also learn how to take advantage of the IRS’s revised correction programs.

In just 90 minutes, you’ll:

• Learn how the IRS has changed how a 401(k) plan must be amended to comply with changes in the law
• Find out which changes must be reflected in an interim amendment and when to do them
• Review plans that might be submitted for a Cycle C to determine whether interim and discretionary amendments have been adopted in a timely way and if not, consider IRS correction programs
• Take proactive steps to prepare for upcoming changes for Form 5500 fee disclosures
• Discover how the IRS correction program has changed and how 401(k) plan sponsors can resolve errors more cheaply
• Learn how the new IRS rules make it easier to correct mistakes in retirement plan loans
• Discover the many ways the correction program has been revised from the prior program

Plus, get answers to your toughest questions on year-end compliance and the IRS’s revised corrections program in the live Q&A session following the discussion.

FEATURED FACULTY

Kendall Daines
Attorney, Groom Law Group, Chartered

Kendall specializes in Title II of ERISA. She has advised clients on a wide range of tax issues affecting tax-qualified retirement plans, welfare plans, cafeteria plans, and non-qualified plans. In addition, she has addressed issues associated with employers' reporting and withholding obligations.

Kendall joined the Firm in 2001 after working with William M. Mercer, Incorporated, where she specialized in tax-qualified retirement plans. She chose Groom because of its excellent reputation and the opportunity to work with talented people.

Kendall received her J.D., cum laude, in 1987 from the University of Michigan Law School where she graduated Order of the Coif. She received an undergraduate degree in history from Williams College, and an undergraduate degree in nursing from the University of North Carolina - Chapel Hill. Her experience as a nurse, which requires both compassion and good listening skills, has helped Kendall develop strong relationships with clients by inspiring trust and confidence.

David Levine
Groom Law Group, Chartered

Whether re-designing pension plans or providing his clients with ongoing counseling on tax issues, David Levine revels in the complexities of his chosen field - Employee benefits law is labor law, tax law, securities law, and a host of other areas.

David has been working to solve puzzles for his clients since coming to Groom in 1998 from the tax department of a multinational law firm in New York City. Focusing primarily on matters pertaining to qualified retirement plans and governmental retirement programs, he has worked on numerous plan design and implementation projects, including the integration of more than twenty-five distinct plans into a single, simplified plan document, the design of model deferred compensation plans for institutional service providers, and the creation of a unique "plain English" plan document for use by both legal and human resource specialists.