Plan Financial Consulting-1 (PFC-1) Webcast Series

ASPPA’s Plan Financial Consulting-1 (PFC-1) webcast series has been developed to provide basic-level retirement plans training to sales professionals and other specialists who support the sales process. The PFC-1 webcast series aids in examining the broad basics of retirement plans ranging from plan and employer types to general rules and regulations, including a final emphasis on the ethical responsibilities of retirement plan professionals.

See www.asppa.org/pfc1 for a complete list of Plan Financial Consulting education offerings.

*Attendees can register for any of the individual recorded webcasts in the PFC-1 series described below, or for a package of all 10.

All webcasts will last for 50 minutes.

1. Understanding the Retirement Plan, Employer Types and Structures

2. Introduction to Defined Contribution Plans and Defined Benefit Plans

3. Introduction to 401(k) Plan Design

4. Introduction to Hybrid Plan Designs & Eligibility and Vesting

5. Introduction to Asset and Benefit Rules & Defined Contribution Plans: Allocation and Deductions

6. Introduction to 401(k) Plans: Deferrals, Catch-ups and Roth Accounts & Highly Compensated and Key Employees

7. Introduction to Coverage Testing and 401(k) Nondiscrimination Testing (ADP/ACP)

8. Introduction to Plan Document Basics and Effects of Plan Changes

9. Introduction to Distributions and Taxation

10. Introduction to Form 5500: A Plans Annual Return & Ethics and Professionalism

Series Speaker: Danny Streiff, National Sales Manager, Reliance Trust Company

REGISTRATION

Important Webcast Changes
Please note attendees who purchase this recorded webcast will be able to pause the recording, but cannot skip back and forth while viewing the webcast. If attendees log out of the recording, they will not be able to log back in where the recording left off. This feature allows ASPPA to accurately determine and monitor completion of the modules by attendees, so attendees are no longer required to complete and pass a quiz to receive CE credit.

Individual Registration Prices - Recorded Only

Classroom Registration Per Webcast - Recorded Only
Single location: $500
Multiple locations: $1,000

Registration Price for All 10 Webcasts (Webcast Series Package) – Recorded Only
Individual and Each Additional Viewer
Member:  $249 
Non-member:  $299

Classroom Registration Price for all 10 Webcasts (Webcast Series Package—Classroom) – Recorded Only
Single location: $2,500 
Unlimited location: $3,500

Please email [email protected] for unlimited or multiple location classroom registration information.

Click here to download a registration form.

Methods of Registration

To prevent duplication of payment, please select only one method of registration. Once your registration is processed, you will receive an electronic Registration Confirmation to the e-mail address listed on your registration form.

Online: For credit card payment only. Receive an immediate e-mail Registration Confirmation.
E-mail: E-mail your scanned registration form(s) and credit card information to [email protected].
Fax: Fax your scanned registration form(s) and credit card information to 703.516.9308.
Mail: ASPPA – PO Box 34725, Alexandria, VA 22334-0725

For express/overnight deliveries (FedEx, DHL, etc.) send to:
ASPPA, 4245 N Fairfax Dr Suite 750, Arlington, VA 22203
Make checks payable to ASPPA

REGISTRATION

Webcast Series Package - Recorded Only

To register for all 10 webcasts in the Plan Financial Consulting-1 (PFC-1) Webcast Series, please select the option directly below. Registration options for each individual webcast can be found further down the page.

Recorded Webcast Registration Deadline: 4/15/2014

1. Understanding the Retirement Plan, Employer Types and Structures

Attendee Takeaways:

• Describe what qualified and nonqualified plans are and the reasons a company would want to adopt them. 
• Describe the different funding vehicles that may be used for nonqualified plans, and the tax implications of them.
• Identify compensation used by each entity type for qualified plan purposes. 
• Explain the differences between an independent contractor, a common law employee and a leased employee and describe their impact on qualified plans. 
• Explain when to use defined benefit or defined contribution plans relative to the employer's demographics, objectives and competitive concerns. 
• Determine the types of qualified plans available to specific employers (e.g., for profit, government and tax-exempt). 
• Explain the differences between and identify the distinguishing characteristics of 403(b) and 457 plans.
• Identify the potential affect on qualified plans maintained by a member of a controlled group or an affiliated service group (ASG). 
• Identify and distinguish between the different types of controlled groups and ASGs.
• Identify the potential impact of the attribution rules under IRC §§1563 and 318. 
• Identify the differences between multiemployer and multiple employer plans. 
• Explain a professional employer organization (PEO) and the impact it has on qualified plans.

Recorded Webcast Registration Deadline: 4/15/2014

2. Introduction to 401(k) Plan Design & Defined Benefit Plans

Attendee Takeaways:

• Differentiate between and identify the distinguishing characteristics of different types of defined contribution plans. 
• List the reasons an employer might want or not want to establish an ESOP or a leveraged ESOP. 
• Explain the diversification rules that pertain to ESOPs. 
• Differentiate between and identify the distinguishing characteristics of SIMPLE IRAs and SEP-IRAs. 
• Determine when a safe harbor 401(k), SIMPLE IRA or traditional 401(k) is an appropriate plan choice for an employer.
• Describe the various types of benefit formulas used in defined benefit plans. 
• Describe the maximum benefit limitations under IRC §415 and recognize when adjustments are needed for distributions. 
• Define the term accrued benefit, present value of accrued benefits and projected benefits. 
• Describe the minimum funding timing requirements.
• Explain why it is important for the actuary to be consulted in the design of a defined benefit plan. 
• Identify the forms of benefit payment in a defined benefit plan.

Recorded Webcast Registration Deadline: 4/15/2014

3. Introduction to 401(k) Plan Design

Attendee Takeaways:

• Identify characteristics of 401(k) plans (traditional 401(k), Roth 401(k) and safe harbor 401(k).
• Identify the contribution and vesting requirements of a safe harbor 401(k) plan. 
• List the advantages and disadvantages of a safe harbor match vs. a safe harbor non-elective contribution.
• State the timing requirements of a safe harbor notice.
• Describe the rules for converting a traditional 401(k) plan to or from a safe harbor 401(k) plan.
• Identify the requirements and advantages of using automatic enrollment including eligible automatic contribution arrangements (EACAs) and qualified automatic contribution arrangements (QACAs), in a 401(k) plan.

Recorded Webcast Registration Deadline: 4/15/2014

4. Introduction to Hybrid Plan Designs & Eligibility and Vesting

Attendee Takeaways:

• List the advantages and disadvantages of a cash balance plan.
• Identify the benefits of defined benefit/defined contribution combo plans.
• Define the deduction limits when an employer sponsors both a defined benefit and a defined contribution plan.
• Identify the statutory eligibility requirements for qualified plans.
• Differentiate between an eligibility date and plan entry date.
• Define a year of service for eligibility and vesting purposes.
• List types of communication provided to employees upon eligibility, including those automatically enrolled.
• Define how vesting is calculated and determine the vesting schedules that apply to different contribution sources.
• Explain the circumstances under which a participant would become 100% vested.

Recorded Webcast Registration Deadline: 4/15/2014

5. Introduction to Asset and Benefit Rules & Defined Contribution Plans: Allocation and Deductions

Attendee Takeaways:

• Describe the implications for including or excluding participant directed investments, loans and/or hardship withdrawals in a plan. 
• Explain the general requirements of participant loans including the written program, enforceable agreement, loan limits, repayment requirements and refinancing issues
• Explain the consequences of failing to repay a loan on schedule and permissible suspensions of loan repayments.
• Describe the safe harbor hardship withdrawal provisions.
• List the advantages and disadvantages of including life insurance in a plan.
• Identify benefits that are protected by the anti-cutback rules.
• Describe a design-based and a non-design based safe harbor formula.
• Differentiate between pro rata, permitted disparity, age-weighted and new comparability allocations.
• Explain the formula for determining a participant’s annual additions limit and the types of allocations counted as annual additions.
• Explain the concept of forfeitures and describe ways forfeitures may be used.
• Define the maximum deduction limits for all types of defined contribution plans.
• Identify the contribution deduction deadlines applicable to different types of employer entities.

Recorded Webcast Registration Deadline: 4/15/2014

6. Introduction to 401(k) Plans: Deferrals, Catch-ups and Roth Accounts & Highly Compensated and Key Employees

Attendee Takeaways:

• Identify differences in catch-up contributions (in 403(b), 401(k), and SIMPLE plans) and situations that will result in catch-up contributions.
• Define excess deferrals and the correction methods.
• Identify characteristics of designated Roth contributions.
• Identify the differences between Roth IRA and Roth 401(k) accounts.
• Identify and differentiate highly compensated employees (HCEs) and key employees.
• Describe the impact of being top-heavy on a plan.
• Identify when a plan will be exempt from top-heavy testing.

Recorded Webcast Registration Deadline: 4/15/2014

7. Introduction to Coverage Testing & 401(k) Nondiscrimination Testing (ADP/ACP)

Attendee Takeaways:

• Identify who is considered benefiting under IRC §410(b) coverage testing.
• Identify the impact that excluding certain employees has on coverage testing.
• Identify and differentiate the two tests (ratio percentage test and average benefit test) that are used to demonstrate that a plan satisfies coverage requirements.
• Describe the situations in which the ratio percentage test and average benefit test are deemed to be satisfied.
• Identify the types of contributions included in the ADP and/or ACP tests.
• Identify the two primary methods and timeframes of correcting failed ADP and/or ACP tests.
• Explain the differences in the ADP/ACP rules of traditional 401(k) plans and those that have automatic enrollment.
• Describe actions that may improve ADP and/or ACP test results.

Recorded Webcast Registration Deadline: 4/15/2014

8. Introduction to Plan Document Basics & Effects of Plan Changes

Attendee Takeaways:

• Identify the key documents that must be prepared when implementing a new plan. 
• State the differences in the types of documents which may be used for a qualified plan.
• Identify what important provisions must be in a plan document. 
• Identify the deadlines for adopting a plan document or an amendment.
• Differentiate among the plan document, SPD and the SMM.
• Describe the requirements of an SPD.
• Describe the methods and compliance programs that allow employers to correct plan document and operational failures.
• State potential consequences of plan disqualification.
• Describe the impact of a merger or acquisition of the plan sponsor on a qualified plan.
• List the options and areas of concern that the plan sponsor will have regarding the disposition of the plans after a merger or acquisition of the plan sponsor.
• Explain how and when benefits from a 401(k) plan may be distributed after a merger or acquisition of the plan sponsor.
• Describe the impact of freezing accruals in a defined benefit pension plan.
• Differentiate between a terminated and partially terminated plan.
• List the steps taken to terminate a defined benefit or defined contribution plan and discuss what benefits must be protected.
• Describe the PBGC's role in regard to plan closings. 

Recorded Webcast Registration Deadline: 4/15/2014

9. Introduction to Distributions and Taxation

Attendee Takeaways:

• Identify distributable events including special restrictions on different contribution types and types of distributions available to those still employed by the plan sponsor.
• Identify and explain each type of in-service withdrawal a plan may permit.
• Describe the taxation of distributions including premature distributions.
• Describe a participant's taxation and distribution options in a designated Roth contribution account.
• Describe the conditions necessary to allow rollovers.
• Identify the circumstances in which involuntary distributions may occur. 
• State the RMD requirements and the penalty for not complying.
• Determine the required beginning date for RMDs.
• Describe a valid QDRO.
• Identify the requirements of the QJSA rules.
• Identify the requirements of a QPSA.
• Explain the spousal consent rules for loans, hardships and distributions.
• Describe the steps a plan sponsor must take to find missing participants and the plan’s distribution options.  

Recorded Webcast Registration Deadline: 4/15/2014

10. Introduction to Form 5500: A Plans Annual Return & Ethics and Professionalism

Attendee Takeaways:

• Identify the timing and regulatory requirements of Form 5500. 
• Identify the schedules that need filed with Form 5500.
• List the conditions that must be satisfied for a small plan (under100 participants) to avoid the independent audit requirement.
• List the timing and regulatory requirements for plan asset valuation.
• Describe the requirements of an SAR including when it needs to be provided to participants.
• Identify whether actions violate the ASPPA Code of Professional Conduct. 

Recorded Webcast Registration Deadline: 4/15/2014

CONTINUING EDUCATION INFORMATION

ASPPA Members

Each webcast is designed to offer registrants up to 1 ASPPA CE credit, with a total of 10 CE credits for those who register and attend all 10 webcasts in the series. If registering for each webcast separately, each webcast is 1 CE credit. 

Enrolled Actuaries

Each webcast is designed to offer registrants up to 1 JBEA Non-core CE credit for Enrolled Actuaries, with a total of 10 CE credits for those who register and attend all 10 webcasts in the series.The final decision as to the number and type of JBEA credits rests solely with the Joint Board for the Enrollment of Actuaries.

Enrolled Retirement Plan Agent (ERPA) 

Each webcast is designed to offer registrants up to 1 ERPA CE credit, with a total of 10 CE credits for those who register and attend all 10 webcasts in the series. The final decision as to the number of ERPA credits rests solely with the Internal Revenue Service.

Continuing Education Changes for RECORDED Webcast Attendees

Once registered, attendees will receive a confirmation letter directing them to the “Access Recorded Webcasts” page with a link to the WebEx OnDemand Center. Each registered viewer will be tracked when they log in with their name and email address. The webcast link will expire once the attendee has satisfied the CE requirement. CE credits will be applied to their record on a periodic basis and a certificate of attendance will be available on each attendee's My ASPPA page.

GENERAL INFORMATION

Cancellation Policy

All Webcasts are non-refundable. If you have registered for the live Webcast and are unable to attend, please email [email protected] and request to transfer your registration to the recorded version. This request must be made before the live Webcast takes place.

Disclaimer

The statements and materials presented on ASPPA webcasts are solely the opinions of the speakers and do not represent the opinion or the position of ASPPA. ASPPA assumes no responsibility for the content and materials presented by speakers during the webcast.

ABOUT THE SPEAKER

Daniel Streiff, National Sales Manager, Reliance Trust Company

Danny runs National Account Sales for Reliance Trust Company, the largest independent trust company in the United States with over 100 billion dollars in assets under management and administration. Danny is the founder and former President of Matrix Communications Technologies, now part of Broadridge Financial Solutions, a leader in the business communications industry helping retirement and health plan participants achieve the knowledge and security they need to achieve financial security. Danny has a Bachelor of Arts in Economics from the University of North Carolina – Charlotte. Danny is also an active member and volunteer of the American Society of Pension Professionals & Actuaries. He is a Financial Planning Teacher and an adjunct instructor at Central Piedmont Community College (CPCC).  CPCC has more than 70,000 full and part time students and is part of the North Carolina Community College System, the second largest community college system in the country. Danny Serves on the Board of Trustees for the Charlotte Chapter of the Speedway Children’s Charities. Danny serves on the North Carolina Community College Systems Finance and Insurance Advisory Committee. He has also been featured and quoted in numerous investing and finance articles in local, regional and national publications. Danny spent over 12 years working as a Financial Advisor at Wachovia Securities and Scott & Stringfellow.

QUESTIONS

Registration and General Questions
ASPPA Customer Support
703.516.9300
[email protected]