Sessions For All Days

06

Monday
11:00AM-12:15PM

EBP1904. Fringe Benefits Post Tax Reform

Instructor: Jeff Martin, Deborah Walker
Track: Plan Design & Tax Compliance
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

This session will review the current rules and regulations regarding fringe benefits, including the ability of an employee to exclude the value of such benefits from income and the ability of an employer to deduct the cost of those benefits.
Learning Objectives:

  • Identify the fringe benefits that are best for your client based on the tax treatment of such benefits for the employer and the employee
  • Apply current rules and regulations to your clients in order to assist in designing a cost efficient fringe benefit plan

06

Monday
1:15PM-2:30PM

EBP1907. 401(k) Testing and Alternatives

Instructor: Cindy Dwyer, Kimberly Flett
Track: Plan Design & Tax Compliance
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

An in-depth look at 401(k) plan testing and alternatives including APD/ACP testing from a tax perspective. These compliance tests are complicated and this session can assist auditors in become more adept in the area related to non-discrimination testing.
Learning Objectives:

  • Apply proper use of ADP/ACP testing based on its purpose.
  • Identify issues involved with testing failures and corrections.

06

Monday
2:40PM-3:55PM

EBP1914. Auto-enroll Plans

Instructor: David Stern, Mark Swedelson
Track: Plan Design & Tax Compliance
Knowledge Level: Basic
Field of Study: None
CPE Credits: 1.5

06

Monday
4:25PM-5:40PM

EBP1921. Is an ESOP Right for Your Company?

Instructor: Keandra Greene, Mark Welker
Track: Plan Design & Tax Compliance
Knowledge Level: Basic
Field of Study: Taxes
CPE Credits: 1.5

This session will discuss whether an ESOP is the best business succession planning tool for a company. We will provide an overview of an ESOP, why a company might or might not want one, and tax/economic/business perspectives of an ESOP. We will provide a case study to illustrate the analysis.
Learning Objectives:

  • Identify clients in which an ESOP as a business succession planning alternative is appropriate.
  • Recall aspects of an ESOP in order to propose to potential ESOP candidates.
  • Recognize potential advantages and disadvantages of ESOPs, including concerns related to risk, cost, and complexity.

07

Tuesday
10:15AM-11:30AM

EBP1929. Unrelated Business Taxable Income

Instructor: J. Calvin Marks, Deborah Walker
Track: Plan Design & Tax Compliance
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

Special rules apply to unrelated business income for employee benefit plans. This session will review the rules for unrelated business income in general and those that apply to employee benefit plans in particular.
Learning Objectives:

  • Determine if unrelated business income tax is applicable to a specific welfare benefit plan
  • Analyze whether it is appropriate for your client to fund a specific welfare benefit plan and the tax implications of doing so in a tax exempt or taxable trust
  • Calculate unrelated business income tax when a qualified retirement plan needs to pay unrelated business income tax, if applicable

07

Tuesday
10:15AM-11:30AM

EBP1933. The Specificity of an ESOP's Tax Rules

Instructor: Anne Bushman, Mark Welker
Track: Plan Design & Tax Compliance
Knowledge Level: Advanced
Field of Study: Taxes
CPE Credits: 1.5

ESOPs are a unique type of qualified retirement plan. This unique aspect of owning and leveraging employer shares brings about unique tax consequences. This session will review tax rules specific to structuring ESOP transactions (such as S corporation vs. C corporation treatment and 1042 tax deferral) and existing ESOP sponsors (such as deduction limits, book-tax differences, and section 409(p).) The session assumes intermediate competency related to ESOPs. Auditors will benefit from the material as it is based on ESOP operations that have financial statement effects.
Learning Objectives:

  • Assess effects of income tax rules on a company that sponsors an ESOP
  • Interpret necessary facts for accurate tax compliance for ESOP sponsors
  • Categorize issues related to ESOP, including section 409(p) issues

07

Tuesday
11:40AM-12:30PM

EBP1936. Compliance Testing in Defined Contribution Plans

Instructor: Karen Field
Track: Plan Design & Tax Compliance
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.0

Compliance Testing issues - Controlled Group rules - Coverage testing - single employers and controlled group rules - Section 401(a)(4) nondiscrimination testing - beyond than the basics - Section 414(s) compensation testing considerations - Top Heavy and 401(k) plan headaches
Learning Objectives:

  • Understand the interaction between controlled group testing and the various nondiscrimination rules.
  • Analyze whether a set of facts is likely to have testing issues

07

Tuesday
1:30PM-2:45PM

EBP1943. Common IRS/DOL Errors and How to Correct Them (Repeated in Session 64)

Instructor: Renee Cahill, Mark Ritter
Track: Plan Design & Tax Compliance
Knowledge Level: Basic
Field of Study: Taxes
CPE Credits: 1.5

This course will provide an introductory discussion about the basic parameters relating to how common IRS/DOL errors can be corrected under the IRS Employee Plans Compliance Resolution System (EPCRS). This course will include comments on the recently released EPCRS Program.
Learning Objectives:

  • Identifying common plan administrative and similar errors
  • Recognize appropriate and compliant correction methods for respective errors.

07

Tuesday
2:55PM-3:45PM

EBP1950. Distributions & Participants Loans - All the Updates You Need To Know

Instructor: Amisha Patel, Avery Neumark, Thomas Pevarnik
Track: Plan Design & Tax Compliance
Knowledge Level: Basic
Field of Study: None
CPE Credits: 1.0

This session will focus on the tax compliance and auditing aspects, including plan design, related to participant loans and plan distributions.
Learning Objectives:

  • Understanding the new developments regarding coordination of hardship distributions and participant loans
  • Latest developments of the Tax Cuts and Job Act of 2017 and the Bipartisan Budget Act of 2018
  • Discuss planning opportunities for both plan sponsors and participants

08

Wednesday
8:00AM-9:15AM

EBP1958. IRS and DOL Audits: Common Findings and Focus Areas

Instructor: To Be Announced
Track: Plan Design & Tax Compliance
Knowledge Level: Advanced
Field of Study: None
CPE Credits: 1.5

08

Wednesday
9:45AM-11:00AM

EBP1964. Common IRS/DOL Errors and How to Correct Them (Repeat of Session 43)

Instructor: Renee Cahill, Mark Ritter
Track: Plan Design & Tax Compliance
Knowledge Level: None
Field of Study: None
CPE Credits: 1.5

This course will provide an introductory discussion about the basic parameters relating to how common IRS/DOL errors can be corrected under the IRS Employee Plans Compliance Resolution System (EPCRS). This course will include comments on the recently released EPCRS Program.
Learning Objectives:

  • Identifying common plan administrative and similar errors
  • Developing ability to determine appropriate and compliant correction methods for common errors.

08

Wednesday
9:45AM-11:00AM

EBP1965. What does an IRS/DOL Exam Look Like?

Instructor: Wayne Kamenitz, Chris Shankle
Track: Plan Design & Tax Compliance
Knowledge Level: Basic
Field of Study: None
CPE Credits: 1.5

08

Wednesday
11:10AM-12:25PM

EBP1971. Traps for Privately Owned Business

Instructor: Eddie Adkins, Carol Zurcher
Track: Plan Design & Tax Compliance
Knowledge Level: Basic
Field of Study: Taxes
CPE Credits: 1.5

Owning a privately-held business can be tricky. Be aware of these common “traps” and differences in C-corps, S-Corps, LLCs, sole proprietorships, and partnerships by attending this session. Questions about owner compensation, owner contributions, employment status, affiliated service groups, controlling interests, and benefits will be answered. Find out what happens if your plan become top heavy and how you can best monitor, as a plan sponsor, if your plan needs an audit.
Learning Objectives:

  • Recall how owners are compensation and if a partner can be an employee.
  • Recognize reasonable compensation for an owner.
  • Indicate how and where contributions are declared and how these groups impact benefits, testing, and compliance.
  • Recall the definition of an affiliated service group and controlled group.