Schedule
Day One (November 19th) - 5 credit hrs
Outrigger Reef - Live in-person
12:30PM Hawaii Time
12:30 - 1:00PM: Registration
1:00PM - Current Developments
Guidance has slowed for SECURE 2.0 changes and almost all of the provisions are now effective. We'll discuss practical solutions for issues with limited or no guidance. We will also review agency guidance along with interesting court decisions.
Key attendee takeaways:
Identifying practical solutions to issue regarding super catch-up contributions, catch-up contributions as Roth, mandatory automatic enrollment, in-service distributions and long-term, part-time employees
Explaining recent IRS and DOL releases, such as document restatements, forfeiture allocations and the Voluntary Correction program
Discussing relevant case law
2:40 - 2:50PM: Break
2:50PM: TPA Branding
(Special Guest Speaker - Kellen Craig with John Hancock Retirement)
We all know how important a TPA is to retirement plans, but, does everyone else? This session highlights the critical role you play and teaches you to communicate this value to advisors and plan sponsors so you can grow and retain your business. We'll explore how you can streamline plan administration, reduce fiduciary risk, and enhance participant experience through expert services like recordkeeping, compliance, and consulting.
3:40 - 3:50PM: Break
3:50PM: Current Developments (cont.)
5:30 - 7:30PM: Cocktail Reception
Day Two (November 20th) - 5 credit hrs
Outrigger Reef - Live in-person
8:30AM Hawaii Time
8:00 - 8:30AM: Breakfast
8:30AM - Beyond the Numbers
Beyond the Numbers: Making Sense of Coverage Testing. It's the first step in annual discrimination testing. Gain a solid understanding of how to apply and navigate coverage rules and testing. This session will provide a framework for completing coverage testing and addressing potential issues (either proactively or reactively).
Key attendee takeaways:
Classifying and counting those included in coverage testing
Performing the ratio percentage and average benefits tests
Summarizing potential ssues and corrections
10:10 - 10:20AM: Break
10:20AM - Cultivating Durable Loyalty
(Special Guest Speaker: Jessica Lee with Capital Group American Funds)
Strengthen the bonds of loyalty between you and your plan clients. We will identify several key elements that shape clients perceptions of your value and their sense of loyalty to you. We will also discuss specific tactics for strengthening loyalty among retirement plan sponsors and participants.
11:10 - 11:20AM: Break
11:20AM - From M&A to Mahalo! Consulting Tips & Tricks in Mergers & Acquisitions
(Special Guest Speakers: Claire Rowland with Morgan, Lewis & Bockius LLC)
This interactive session will explore the mergers and acquisitions (M&A) process and its impact on retirement plans. We will cover what is required of plan sponsors during the pre-closing diligence phase and the options they will need to consider during post-closing transition phase. Our discussion will focus on strategies plan consultants can employ to help plan sponsors navigate common issues that arise during and after M&A.
12:20 - 1:10PM: Break
12:10PM - EPCRS Update
We are overdue for an IRS release of the Employee Plans Compliance Resolution System! Hopefully we will get it prior to our November meeting. We can then discuss the changes for the last version, including the expansion of the self-correction program (SCP) after SECURE 2.0.
Optional Group Activity: Hike!
Day Three (November 21st) - 5 Credit Hrs
Outrigger Reef - Live in-person
8:30AM Hawaii Time
8:00 - 8:30AM: Breakfast
8:30AM - In or Out of Control? Maybe Affliated? Analyzing Controlled Groups and Affliated Service Groups
These determinations can result in complexities for retirement plan desgin and administration. Through case studies, we will go over what information to collection and when to collect it. We will also cover attribuion rules and how they can impact the determination.
Key attendee takeaways:
• Identifying the various components of a CG or ASG
• Determining CG or ASG status
• Recognizing the affects of CG or ASG status
10:10 - 10:20AM: Break
10:20AM - Beyond the Data
(Special Guest Speaker - Will Ryan with T. Rowe Price):
Understanding Retirement Plan Trends through Reference Point. Dive into the insights of T. Rowe Price's annual Reference Point study, which highlights key trends in retirement plan services. These insights can assist retirement professionals across the industry in determining actionable steps to enhance client outcomes.
Key attendee takeaways:
• Provide benchmarking for your book of business and analyze key trends
• Develop targeted questions that encourage client engagement and facilitate effective planning
11:10 - 11:20AM: Break
11:20AM - TBD
12:10 - 12:20AM: Break
12:20PM - How to Train Your Dragon (Plan Sponsor): Fiduciary Committee Best Practices.
They may not be able to spell fiduciary, but plan sponsors should know what it means, how to comply and consequences if they don't. In this session, we break down what it means in plain English to "act with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such retirement plan matters would use."
Key attendee takeaways:
• Explaining fiduciary status and responsibilities
• Summarizing the legal obligations and consequences
• Assessing ways to delegate or mitigate fiduciary responsibilities
1:10PM: Conference Adjourns