Market Areas > Human Resources > Form 5500

Form 5500: 2009 Revisions and Regulations Update

Course Description:

2009 brings both revisions and new regulations to the Form 5500 annual return/reporting requirement, including:

• Fully electronic filing system (EFAST 2).
• 2-page short Form 5500-SF for certain small plans required to file an annual report.
• Reporting changes for 403(b) plans subject to Title I of ERISA (Employee Retirement Income Security Act); 403(b) plans treated like 401(k) plans for reporting purposes making certain 403(b) plans subject to an annual independent audit.
• Standard supplemental schedule for reporting delinquent participant contributions.
• Enhanced disclosure on plan fees and expenses.
• Adopting Pension Protection Act of 2006 reporting changes.
• Incorporating various technical improvements and clarifications to the form and instructions in response to public comments.

Find out what else has changed (and what hasn’t) with Form 5500 in this practical and completely thorough program.  Our expert faculty will walk you through step-by-step instructions to help make your job of preparing and filing Form 5500 more efficient and more accurate.

By the end of this 75 minute session, you’ll know:

• What you need to know about EFAST2 (electronic filing): when and how
• What’s new with the 5500.
• Nuances and schedules associated with Form 5500.
• How to prepare for compliance with the changes.
• New 403(b) plan filing requirements.
• Fiduciary duties associated with fee disclosures.
• Reporting rules for delinquent participant contributions.
• Pension Protection Act reporting changes.

Featured Faculty:

Anita Baker, Principal-In-Charge, Benefits Services Group, LarsonAllen

Anita leads the national employee benefits assurance practice, including assurance services to plan sponsors. She also consults with third party administrators and plan sponsors on topics such as internal control policies and procedures, and compliance with laws and regulations. She is also responsible for coordinating and reviewing the quality of all employee benefit plan audits firm-wide.

In addition to current AICPA leadership positions, Anita has served in several important positions in the past, including: Past Chair of AICPA Employee Benefit Conference and member of the AICPA Employee Benefit Plans Committee; Past Chair of the AICPA Work/Life Balance and Women’s Initiatives Executive Committee.

She is a frequent national speaker on issues of auditing and administration of plans including 401(k), profit sharing, defined benefit and welfare benefit plans as well as an author - Published in professional journals including International Foundation of Employee Benefits Plans, Benefits & Compensation Digest and Journal of Accountancy.

Kelly Davis, Manager, Benefits Services Group, LarsonAllen

Kelly joined LarsonAllen LLP in 2002 as a Manager in LarsonAllen’s Employee Benefit Services Group.  Kelly’s main focus is Employee Benefit Consulting, Compliance and Accounting Services.  Kelly brings over 9 years of professional experience in the employee benefit industry, including 10 years in the public accounting profession.  Prior to joining LarsonAllen LLP in 2002, Kelly was employed as a Compensation and Benefit Consultant for a large national/international public accounting firm.

Kelly has extensive experience in providing consulting services on a wide array of employee benefit issues in the areas of qualified and nonqualified ERISA employee benefit plans, in addition to compliance and disqualification issues, for both the public and private sector employers, including for-profit, tax-exempt organizations and governmental entities. Kelly also has extensive experience in benefit plan administration, documentation, compliance and reporting requirements, nonqualified deferred compensation, tax implications and in providing benefit plan accounting services, and resolution of complex benefit issues for plan sponsors of various size and industry.

MONEY-BACK GUARANTEE:

We're so confident you'll get what you want out of this conference that we'll refund every penny if you're not completely satisfied. No questions asked! It's 100% risk-free!

Pricing:

Your CD recording includes the complete audio conference presentation, audience Q&A and presentation materials.

APPROVED FOR RECERTIFICATION CREDIT:

HRCI - Receive 1.5 recertification credit hours toward PHR and SPHR recertification through the Human Resource Certification Institute (HRCI). For more information about certification or recertification, please visit the HRCI homepage at www.hrci.org.

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