Insights on Conflicted Advice Regulation, Determination Letters, Distribution Issues and More

By Craig Hoffman • May 13, 2015 • 0 Comments
ASPPA’s Chicago Regional Conference, to be held June 4 and 5, is not to be missed by practitioners who need to get up to date on the most important developments affecting plan sponsors and the professionals who advise them.

The Department of Labor has released the long awaited “conflicted advice” proposed regulation. This proposal is on a fast track and will significantly affect all who work with qualified plans who may find themselves unwittingly classified as an ERISA fiduciary. The opening Washington Update session, led by ASPPA’s General Counsel, Craig Hoffman, will describe the ins and outs of the new guidance. In addition, an interactive session led by Jerry Kalish, President, National Benefit Services, and Andrew S. Williams, Esq., Partner, Golan & Christie, LLC, will explore, in-depth, the potential for fiduciary liability of TPAs and other service providers under ERISA and the new regulation.

This year’s conference will be well-attended by IRS officials. Local IRS leaders will provide an IRS examinations update; in addition, the top IRS official overseeing qualified plans — Sunita Lough, Commissioner of the IRS Tax Exempt and Governmental Entities Division — will be discussing planned cutbacks in the availability of determination letters in a speech that should not be missed!!!

Derrin Watson also will be speaking on distribution issues (including IRS concerns about the necessary documentation for loans and hardship distributions). Another session led by Rich Hochman and Adam Pozeck will give real-life advice on dealing with defective plans under both the IRS and DOL correction programs. And the conference closes with the ever-popular Ask the Experts panel where you can get answers to those tough questions from your practice.

Take advantage of a great conference venue, with sweeping views of the city skyline and Chicago River. Past attendees of the Chicago Regional Conference have remarked about what a great time of year it is to visit the city. Exciting Chicago attractions are just minutes from the hotel, including Millennium Park, the Loop and Magnificent Mile. All that, and a robust conference agenda that will:

  • bring you up to date on the latest trends and regulations;

  • allow you to pick up as much as 14 hours of continuing education credit; and

  • give you an opportunity to connect and network with peers and industry luminaries alike.

ASPPA’s Chicago Regional Conference provides a unique opportunity for you to discuss employee benefits issues with colleagues and private-sector experts. You will expand your knowledge of current and potential regulatory, legislative, administrative and actuarial issues — and your ability to anticipate and respond to those issues.

In today’s complex retirement industry, keeping up is tough enough — ASPPA’s Regional Conferences are just the thing for tight budgets and travel schedules.

Regular registration closes soon! Click here to register today!

Craig P. Hoffman, APM, is General Counsel, American Retirement Association.