ASPPA Webcast: 3(16) Services: Should I or Shouldn’t I?
Wednesday, October 3, 2018
Speaker: Ilene H. Ferenczy, Esq., CPC, APA, Managing Partner, Ferenczy Benefits Law Center LLP
Experience Level for Attendees: Intermediate
IRS Program Number: CZTXU-Q-00846-18-O
Webcast Outline: Coming Soon.
3(16) administration has been around for a couple of years now and the pressure on TPAs to do this work remains. Is this just a fad, or is it here to stay? What services are people performing under this model? What are the advantages and disadvantages to a client of having 3(16) services performed? And, most importantly, what are the positive attributes and challenges faced by TPAs who do this work? Ilene Ferenczy, who focuses much of her practice on advising TPAs and other service providers to plans, addresses these questions and more.
1. What are the risks of being a 3(16) administrator?
2. What challenges do 3(16) TPAs face that may not be expected?
3. What are the biggest mistakes TPAs make when deciding to do 3(16) work and how can they be avoided?
CE Credit: 1 ARA, 1 ERPA, 1 JBEA Noncore
About the Speaker
Ilene H. Ferenczy is managing partner of Ferenczy Benefits Law Center, an employee benefits law firm in Atlanta, GA. Ilene advises clients on all types of employee benefit plans, particularly focusing her practice on qualified retirement plans, benefits issues in mergers and acquisitions, and advising third-party administrators and other service providers to employee benefit programs on technical and practice issues. Her book, Employee Benefits in Mergers and Acquisitions, is now in its 17th edition. She is a former member of ASPPA’s Leadership Council, a former co-chair of ASPPA’s Government Affairs Committee, and a member of the Board of Directors of the Atlanta ABC. She has been named Educator of the Year by both ASPPA and NIPA. In 2012 she was elected as a Fellow in the American College of Employee Benefits Council.
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