ADVANCED PENSION CONFERENCE

Transcription

1 ADVANCED PENSION CONFERENCE February Orlando, FL

2 HIGHLIGHTS Dear Pension Professional: The Pension Protection Act of 2006 ( PPA 06 ) has made sweeping changes to the laws affecting retirement plans. Pension professionals need to get up-to-speed quickly on what has changed since many of the new law s provisions are effective in 2007 (or earlier). The best way to meet that need is at the SunGard Advanced Pension Conference in sunny Orlando, Florida. This year, we return to the Royal Pacific Resort, a Loews Hotel, conveniently located next to both Universal Orlando theme parks and the Universal City Walk nightspots. Once again we have brought together the leading experts from across the country to share their knowledge and experience. Many of our sessions will focus on the most important issues and opportunities presented by PPA 06. Topics for this year s conference include: Brian Graff, CEO of The American Society of Pension Professionals and Actuaries, will provide us with an update on what is going on in Washington, D.C. Stephen Forbes, author of the 5500 Filing Guide, will give us the latest word on the EFAST filing system and changes to expect in the future. Derrin Watson returns as host of Pension Jeopardy, where you watch and learn as our speakers struggle to come up with the correct answer. We conclude on Wednesday with our highest rated, most popular session, Ask the Experts. Get your tough questions answered by our nationally acclaimed panel of speakers in a twohour open forum. Stay on top of the latest developments (and have a little fun as well) by attending the SunGard Advanced Pension Conference. Sign up now to take advantage of the Early Registration Discount. Act soon, as we expect a sell-out audience. Sincerely, The Pension Protection Act of 2006 What It Means for You! Automatic Enrollment The New Wave of 401(k) Participant Communications After PPA 06 Ready, Set, Go! Keeping Plan Documents IRS Compliant Investment Advice, Education, and Participant Choice Cash Balance Plans Oceans of Opportunities Craig P. Hoffman Vice President and General Counsel P.S. The Early Registration deadline is January 15, A multiple attendee discount is also available so bring your co-workers! 2006 ATTENDEES SAID "This is the best conference for pension professionals." Tax Attorney, Tennessee "Great program, very informative. Good content as you always do." CPA, Michigan "This seminar always provides current and cutting edge information that can be applied immediately." Insurance Agent, Illinois "Great conference! Will make a budget item to attend annually." Trust Officer, South Carolina "I ve been to several conferences not as well coordinated as your conference. The agenda (time-wise) was followed and questions were promptly answered. This was very, very well organized " HR Director, Kansas "Once again you provided a great deal of helpful info. You are to be commended on your seminars/conferences/speakers." Trust Officer, Kentucky BENEFITS OF ATTENDING Over 900 minutes of continuing education credit for most professionals Concurrent sessions to allow you to customize your education Industry experts providing the most up-to-date information on benefit regulations, litigation, enforcement, and compliance Opportunities to network with peers and industry experts Comprehensive course materials Industry exhibits

3 AGENDA SUNDAY, FEBRUARY 11 5:00-6:30 Early Registration and Refreshments MONDAY, FEBRUARY 12 8:00-8:30 Registration and Continental Breakfast 8:30-8:45 Welcome and Announcements Hoffman 8:45-9:45 Washington Update Graff - PPA 06 The Inside Story - Technical Corrections What to Expect - The Next Generation of Pension Reform - Mid-Term Elections and the Prospects for Tax Reform 9:45-10:05 Refreshment Break 10:05-11:20 The Pension Protection Act of 2006 Hoffman, Watson What It Means for You - The Impact of EGTRRA Permanency - 401(k) Changes - Fiduciary Relief Provisions - Effective Date and Plan Amendment Issues 11:20-12:30 Hosted Luncheon 12:30-5:10 CONCURRENT SESSIONS Sessions are 60 minutes each. Sign up on the Registration Form to attend two topics from Group I and two from Group II. GROUP I: 12:30-1:30 and repeated 1:40-2: Rollovers and Cashouts Post PPA 06 Watson - Non-Spouse Death Benefit IRA s - New Roth Rollover Options - Integrating the Old Rules With the New - How to Handle Missing Participants 02. Defined Benefit Plans After Pension Reform Finnegan, Graff - New Minimum Funding Rules - Determining the Deduction Limit - Benefit Restrictions - Effective Dates and Transitional Issues 03. The Ins and Outs of Participant Loans Forbes - Limits and Restrictions from the IRS and DOL Perspective - Deemed Distribution 5500/1099 Reporting - Employee Leaves and Their Impact on Plan Loans - Sample Forms and Promissory Notes 2:40-3:00 Refreshment Break GROUP II: 3:00-4:00 and repeated 4:10-5: Investment Advice, Education, and Participant Choice Malone - The Participant Friendly Plan - PPA 06 Incentives for Investment Education/Advice - Directed vs. Managed Accounts - The Impact of Automatic Enrollment 05. Fiduciary Responsibility Over Plan Fees and Expenses Ferenczy - ERISA Requirements - DOL Disclosure Initiatives - The Duty to Compare and Monitor Fees - The Impact of Recent Class Action Lawsuits 06. Form 5500 Update Forbes - New Electronic Filing Requirements Changes - New Form 5500-SF - 403(b) Plan Filing Requirements 5:10-6:30 Cocktail Reception TUESDAY, FEBRUARY 13 8:00-8:25 Continental Breakfast 8:25-8:30 Announcements Hoffman 8:30-9:45 Ready, Set, Go! Keeping Plan Documents IRS Compliant Forbes, Richter - EGTRRA Updating Getting Into the Groove - PPA 06 Amendments Here We Go Again - Insights on Interim Amendments - How to Handle Form 8905

4 9:45-10:05 Refreshment Break 10:05-11:05 Pension Jeopardy Watson Join Derrin Watson as he hosts our version of the popular game show. Topical questions will test the knowledge of our expert speakers. This session is not only fun, it also highlights important pension issues in a most memorable way. 11:05-12:20 Hosted Luncheon 12:20-5:00 CONCURRENT SESSIONS Sessions are 60 minutes each. Sign up on the Registration Form to attend two topics from Group III and two from Group IV. GROUP III: 12:20-1:20 and repeated 1:30-2: Participant Communications After PPA 06 Watson - New Periodic Benefit Statements - Timing Changes for Participant Notices - Mandatory Disclosure for Automatic Enrollment - Other Modifications to Consider 08. Finding and Maintaining the Best 401(k) Investments Malone - Best Practices Blueprint - New and Improved Investment Products - Default Investment Choices - Quantitative and Qualitative Performance Measures - Review/Watch/Replace Timelines 09. Service Provider Liability Tips to Avoid Getting Sued! Ferenczy - Reasons Service Providers Get Sued - Federal vs. State Court Jurisdiction - Avoiding Fiduciary Status - Protections Provided by Engagement Contracts 2:30-2:50 Refreshment Break GROUP IV: 2:50-3:50 and repeated 4:00-5: Cash Balance Plans Oceans of Opportunities Finnegan - New Cash Balance Plan Designs - Whipsaw and ADEA Concerns Post-PPA 06 - Conversion From Traditional to Cash Balance - Potential Prospects for Cash Balance Designs 11. Qualified Plan Beneficiary Disputes Richter - ERISA vs. State Law Which Controls? - How to Handle Outdated Beneficiary Designations - Beneficiary Disputes Advice for the Plan Sponsor - Dealing With Disclaimers and Simultaneous Deaths 12. The Final 403(b) Regulations Forbes - New Plan Document Requirement - Nondiscrimination and Coverage Testing - Permissible Employee Exclusions - Plan Termination Issues WEDNESDAY, FEBRUARY 14 8:00-8:25 Continental Breakfast 8:25-8:30 Announcements Hoffman 8:45-9:45 Automatic Enrollment The New Wave of 401(k) Hoffman, Malone - Historical Background - ERISA Preemption Requirements - Withdrawal of Erroneous Contributions - Default Investment Options - New Safe Harbor Designs 9:45-10:00 Refreshment Break 10:00-12:00 Ask the Experts Workshop Entire Panel Get those tough questions answered! Case studies will be used in a wide-ranging discussion of the issues currently facing practitioners in the employee benefits area. For maximum benefit from this session, please submit your questions in advance to webconfquest@relius.net.

5 SPEAKERS CRAIG P. HOFFMAN, J.D., LL.M., APM Program Chairman and Moderator Vice President and General Counsel SunGard Relius Jacksonville, FL ILENE H. FERENCZY, J.D., CPC, APA The Law Offices of Ilene H. Ferenczy, LLC Atlanta, GA THOMAS J. FINNEGAN, CPC, QPA, FCA The Savitz Organization, Inc. Philadelphia, PA BRIAN H. GRAFF, Esq., APM Executive Director/CEO American Society of Pension Professionals and Actuaries Arlington, VA STEPHEN W. FORBES, J.D., LL.M. Vice President SunGard Relius Denver, CO MICHAEL J. MALONE, CPC, AIFA, MPF MJM401k Phoenix, AZ ROBERT M. RICHTER, J.D., LL.M. Vice President SunGard Relius Jacksonville, FL S. DERRIN WATSON, J.D., APM SunGard Relius Goleta, CA EVENTS Early Registration Drawing. WIN a pair of tickets to Universal Studios. Register by December 29, 2006, and you are automatically entered to win a 2-Day, 2-Park pair of tickets to Universal Studios AND Universal's Islands of Adventure theme parks. Winner will be announced a few weeks prior to the Conference. Early Registration and Refreshments. Sunday, February 11, 5:00 p.m. Register early to avoid the Monday morning crowd. Light refreshments will be served. Reception. Monday, February 12, 5:10 p.m. Join us for a cocktail reception with hors d oeuvres. Document Management Service (DMS). Monday, February 12, 11:20 a.m. Do you have 500 or more retirement plan documents? If so, join us for a discussion about our document outsourcing service. We can be your back office partner for generating new plan document packages, plan amendments (both employer-requested and IRS-required), and completing all your document restatements. Relius Documents User Group. Tuesday, February 13, 7:30 a.m. Start your day with our Relius Documents staff. Learn about enhancements being discussed and developed to simplify your EGTRRA restatement processes! Provide your feedback to help us streamline the system and better meet your business needs. Bring your questions/comments, or these to docsoftwaredesign@relius.net. Breakfast provided. Relius Documents Training New. Wednesday, February 14, 1:30 to 3:30 p.m. Join us to become better skilled at creating and submitting your Volume Submitter/Individually Designed Plans or Prototype supporting forms packages with your Relius Documents application (PC or ASP). Also, learn about other system functionality. Register on our Web site for the session that correlates to your Relius Documents application (PC or ASP): Luncheon Presentations Relius Administration Monday, February 12, 11:20 a.m. We offer business continuity solutions for Relius Administration operations of every size. Join us for an overview of Relius Recovery Services, Relius SuiteManager and Relius Administration ASP (Internet hosted). Learn which is best for your business. Whether you need help ensuring accurate data backups, duplicating systems off-site, a full service hosted system, or anything in-between don t miss this opportunity to plan ahead for any business crisis. Relius Documents ASP Tuesday, February 13, 11:05 a.m. Join us for an overview of our Internet-hosted application, including all the newest enhancements. See how easy it is to prepare plan documents in your office in minutes! Lunch is provided for all product presentations. Seating is limited RSVP on the Registration Form. For more information about these products, call , Ext SPONSORSHIP Sponsorships may still be available. For details, call Anne Dionne, , Ext

6 GENERAL INFORMATION Who Should Attend. Attorneys, actuaries, pension and compensation consultants, employee benefits and human resources professionals, CPAs, accountants, financial planners, mutual fund broker representatives, as well as agents and officers of insurance companies, bank trust officers, and third party administrators. This program is geared to the small to mid-sized plan market, although those who work with larger plans will also benefit from attending. Royal Pacific Resort at Universal Orlando, A Loews Hotel 6300 Hollywood Way Orlando, FL Ph: (407) Welcome to Paradise! Located in the heart of the excitement at Universal Orlando Resort, the Royal Pacific Resort transports guests to the enchanted isles of the South Pacific with its swaying palm trees, sparkling waterfalls, and lush landscape. The hotel features a lagoon style pool with sand beach and interactive children s water play area, fitness center, putting green, supervised children s activity center, five restaurants and lounges including celebrity chef Emeril Lagasse s Tchoup Chop. Room block available until January 15: The conference room rate is $200 S/D. For reservations, call Identify yourself as a SunGard Conference attendee to receive the group rate. The hotel will only hold these rooms until January 15. Make your reservations early, as the hotel expects an early sell-out. Orlando Airport Transfers Discount airport transfer coupon for Mears Transportation is available on our Web site. Universal Orlando Resort Amazing fun for the whole family! The hotel is just a short walk or complimentary water taxi ride from Universal Studios and Universal s Islands of Adventure theme parks, as well as the Universal CityWalk entertainment complex. For park admission tickets, go to As a Royal Pacific Resort guest, you ll enjoy unique theme park benefits: UNIVERSAL EXPRESS SM Ride Access* present your hotel room key card at the special Express entrance at each attraction, and bypass the regular lines. Priority restaurant seating enjoy the privilege of first available seating at select table service restaurants within Universal Orlando. Length of stay pass from check-in to check-out, with purchase of this pass, you have unlimited park-to-park access to both Universal Orlando parks plus Universal CityWalk. More family-friendly programs can be found at Weather and Attire February is almost always sunny, with warm days and cool evenings. Dress code is business casual. Meeting room temperatures can vary, so we recommend you bring a light jacket to sessions. Universal elements and all related indicia TM & 2006 Universal Studios Universal Orlando. All rights reserved. CONTINUING EDUCATION 18 hours CPE credit* based on a 50-minute credit hour 15 hours CE/CLE credit* based on a 60-minute credit hour * Actual credit hours granted may vary. Final decision rests with the governing body. There are no prerequisites or advanced preparation required for this intermediate to advanced level program. SunGard conferences are approved by most professional organizations for continuing education credit, including the Joint Board for the Enrollment of Actuaries, ASPPA, NIPA, IRS Enrolled Agents, CFP, the ICB (for CRSP and CFTA), state bar associations, CPA boards, InFRE, PACE, and HRCI for SHRM professionals. CE must be requested at least five weeks prior to the program and is subject to approval by the appropriate jurisdiction. Attendees will bear CE approval fees in those jurisdictions imposing per attendee fees. Because of the administrative requirements of state insurance accrediting agencies, we are not able to obtain CE approval for insurance professionals. SunGard is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN Web site: For information about Continuing Education or the state required financial assistance policy for New York attorneys, call , Ext

7 REGISTRATION (Copy as needed to register additional persons.) Orlando Advanced Pension Conference 2007 Multiple Registration Discount Early Fee (by January 15) $895 $845 Standard Fee (after January 15) $995 $945 Multiple registrations from the same firm First registrant pays full fee; each additional attendee deducts $50. Registrations must be submitted together to receive the discount. No other discounts, coupons, special offers may be combined with these special prices. Concurrent Session Selections: Select ( ) 2 topics from each group. See Agenda for topic content. Monday: Group I Group II Tuesday: Group III Group IV Product Presentations: Relius Administration (Monday) Relius Documents ASP (Tuesday) Other Events: Document Management Service (Monday) Relius Documents User Group (Tuesday) Relius Documents Training: Register at * Check Continuing Education Requested (for attendees only) CLE (attorney) State CPA (accountant) State ASPPA NIPA IRS Enrolled Agent PACE Enrolled Actuary Other Certificate of Attendance Only *This does not guarantee credit. See Continuing Education section. Refund policy All requests must be in writing. Full refund of registration fee less $100 administration fee will be made for cancellations received at least 10 business days prior to the program. No refund for cancellations received later than 10 business days prior to the program. Conference requests, questions, or concerns may be ed to webconfquest@relius.net. Payment Method (Registrations sent without payment will NOT be processed.) Conference Discount code (if any) Enclosed is our check payable to SunGard Corbel LLC Please charge: MasterCard VISA American Express Connecticut Residents Add Applicable Sales Tax $ $ $ Total Due $ / Card Number Exp. Date Cardholder s Name (please print) Authorizing Signature Registrant Information (please print or type) Please check if new address, phone, or fax. Mr. Ms. Customer Acct. # Full Name Name for Badge Profession/Title Firm Name Shipping Address (Do not use P.O. Box Number) City State Zip Phone # Fax # This is the SunGard Advanced Pension Conference I ve attended. (number) THREE WAYS to REGISTER TODAY! W W W Online: Best way to register anytime! Fax: (paying with credit card) , SunGard, ATTN: Order Processing Accounting Mail: SunGard, ATTN: Order Processing - Accounting, P.O. Box 47470, Jacksonville, FL Note: Online registration will NOT be accessible within three (3) business days of program date

8 ADVANCED PENSION CONFERENCE February 12-14, 2007 Monday through Wednesday (New) Royal Pacific Resort at Universal Orlando, A Loews Hotel Come to Florida. Catch the waves of changes. Learn all about PPA 06 and its impacts. Automatic Enrollment - New Wave of 401(k) Investment Advice, Education, and Choice - Post-PPA 06 Cash Balance Plans - PPA 06 Opportunities Ready, Set, Go! Keeping Plan Documents IRS Compliant Participant Communications - PPA 06 Changes Service Provider Liability - Tips and Traps Washington Update from Brian Graff, ASPPA CEO Pension Jeopardy Ask the Experts Workshop SunGard Trademark Information: SunGard, the SunGard logo, and Relius are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders Prudential Drive Jacksonville, FL PRSRT STANDARD U.S. Postage PAID Jacksonville, FL Permit No. 819