Keep your clients out of trouble regarding new DOL Retirement Plan Rules
Dale F. Smith, QPA, ERPA ~ Consulting Principal, and
Laura Carnes, QKA, QPA ~ Director of Operations and Enrolled Retirement Plan Agent with the firm Pension Plan Professionals, Inc., of Jacksonville, FL
Speakers all across the U.S. right now are making presentations on this topic. It’s a real “hot topic” and focus of interest. As indicated, these DOL Regs are going to change everything within the retirement plans industry.
(1) Fiduciary responsibilities and corresponding penalties for committing prohibited transactions or breaches of fiduciary duties;
(2) Disclosure of fees and expenses to participants in participant-directed 401(k) or 403(b) plans; and
(3) Disclosures which service providers must provide to Plan Sponsors in all types of retirement plans, in order to be able to provide services from July 1, 2012 and forward.
Who should attend?
1) Estate Planning professionals who should be aware of the new retirement plan rules which may affect their clients because penalties for violations are steep.
2) Outside retirement plan advisors
3) Internal company plan administrators.
4) Business owners who are concerned about staying in compliance with the new rules and who want to avoid fines.
Speaker's Website: The highly regarded firm's website is: www.pensionplanonline.com
Dale F. Smith: Bio; Updated July 12, 2012
Dale was born and raised in Southern Indiana, so he will answer to the term “Hoosier”. He is a graduate of the united states military academy, at west point, and received an MBA from the Krannert graduate school of management at Purdue university. He accepted employment with a large Chicago trust institution and became one of the first “ERISA Experts” shortly after the pension reform act (“ERISA””) was signed into public law on Labor Day, 1974.
Subsequently, Dale set up Pension Plan Professionals, inc. (“P Cubed”) in August 1986. Today, “P Cubed” is regarded among many pension practitioners as one of the best third‐party plan administrators (“TPA”) and pension consulting firms. It was one of the first in the U.S. to be a Certified TPA Firm by the Center for Fiduciary Excellence (“CEFEX”) and the American Society of Pension Professionals and Actuaries (“ASPPA”). Today, there are less than 50 such certified TPAs in the U.S.
Dale is accredited as a qualified plan administrator (“QPA”) by ASPPA, and passed the IRS’ testing series to become an enrolled Retirement Plan Agent (“ERPA”), with permission to practice in front of the IRS in representation of retirement plan clients.
Laura received much of her IRS‐Qualified Retirement Plan education while employed in the Plan Document department of the Corbel Company. She joined Pension Plan Professionals as an assistant case manager and very rapidly moved up to director of operations; earning her ASPPA Qualified 401(k) Administrator and Qualified Retirement Plan Administrator credentials along the way.
Laura played the primary role in coordinating with the Center for Fiduciary Excellence (“CEFEX”), which subsequently granted P‐Cubed the honor of being among the first TPA firms in the U.S. to receive the coveted CEFEX certification.
Laura is also honored to have been among the first to pass the IRS’ testing series to become an enrolled Retirement Plan Agent (“ERPA”), with permission to practice in front of the IRS in representation of retirement plan clients.
Cost: $15.00 payable at the door. Please note that persons making reservations and not canceling by noon, Wednesday, July 25th, will be invoiced by the EPCFC for the program cost.
