Please join us for our next Technical Lunch Forum.
Thursday, June 2, 2016 11:30 am - 1 pm
Offices of Precept Advisory Group, 130 Theory - #200, Irvine, CA 92617
Registration Fee:
$25 for Members, $40 for Non-Members
Fee includes lunch
Make your Lunch selection during registration
Risky Business:
The Pension Risk Hot Potato
Presented by
Russ Proctor, FSA, FCA, EA
Corporations are facing a dramatic increase in expenses related to maintaining their ongoing or frozen defined benefit (DB) plans. Pension Benefit Guarantee Corporation (PBGC) variable rate premiums are projected to increase almost 400% from 2013 to 2019. Volatile interest rates and equity markets result in unwanted volatility in shareholder equity on the balance sheet. This has resulted in an unprecedented increase in Pension Risk Transfer activity.
Several new risk management solutions are available that can help reduce pension volatility and related expenses. A case study will be presented explaining how one company analyzed the various solutions available and the steps it took to reduce the economic cost of the plan, de-risk the plan and better manage the plan’s funded status and liquidity needs.
This session will outline strategies to:
· Reduce DB plan PBGC premiums and other administrative expenses
· Reduce DB plan funded status volatility and its impact on the balance sheet
· Help plan participants understand and manage the risks they may have just accepted.
Our Speaker:
Russ Proctor, Director, Retirement Solutions Division, Pacific Life
Russ is responsible for consulting with companies to reduce and remove financial risk inherent in their pension plans. He also works with companies that have defined contribution plans, such as a 401(k) or 403(b) plans, to provide guaranteed lifetime income options for plan participants. Prior to joining Pacific Life, Russ was a retirement consultant with more than 24 years of experience most recently as a principal with Mercer Human Resource Consulting. Russ holds a Bachelor of Science degree in actuarial science from Drake University. He is a Fellow of the Society of Actuaries (FSA), a Fellow of the Conference of Consulting Actuaries (FCA), and an Enrolled Actuary (EA).
This Technical Lunch Forum will be of particular interest to retirement plan professionals who want to know the latest that is going on in our industry: accountants, actuaries, attorneys, benefits directors, consultants, human resources personnel, investment professionals, plan administrators, practitioners, third party administrators and trust officers.
This Technical Lunch Forum will be held in the offices of Precept Advisory Group. Check-in is open from 11:30 to 11:45 a.m. Please arrive on time, as our program will begin promptly at 11:45 a.m.
Due to the special nature of this program, we cannot accept walk-ins the day of the event.
Reservation deadline - Monday, May 30.
Continuing Education:
ASPPA—1 CE Credit
CEBS—1 CPE Credit
CFP -1.5 Hours
CPA (California) — 1.5 Hours
ERPA —1 Hour
MCLE (California) —1.5 Hours
NIPA - 1 Hour
Thank you to the Precept Advisory Group for hosting this Technical Lunch Forum:
The statements and materials presented at WP&BC Orange County Chapter events are solely the opinions of the speakers and do not represent the opinions or positions of WP&BC Orange County Chapter. In addition, WP&BC Orange County Chapter assumes no responsibility for the content or accuracy of the statements and materials presented by speakers at WP&BC Orange County Chapter events.
Please join us for our next Technical Lunch Forum. This in-depth presentation will include:
- · 408b-2 Disclosure by Service Providers to Plan Sponsors
- o What to look for
- o Fiduciary Requirements
- o Actions that must be taken
- · 404a-5 Disclosure to Plan Participants
- o Importance of documented review of record keeper prepared materials
- o Gross/net fee disclosure
- · ERISA Expense Accounts
- · How to document disclosure compliance
- · Fulfilling fiduciary responsibility to periodically review expenses for reasonableness
- · Opportunities to provide added value services
Our speaker will be:
STUART HACK, JD, CLU Sunlin Consulting LLP
Stuart Hack is a partner with Sunlin Consulting LLP and Vice President of Sunlin Consulting Investment Advisory Services LLC. He advises qualified plan sponsors and record keepers on fiduciary liability exposure management. He designs, implements and monitors fiduciary best-practices programs, including fully documented ERISA 404(a)(5), 404(c) and 408(b)(2) compliance solutions. Stuart also designs and manages ERISA 3(38) fiduciary solutions that record keepers offer to participant-directed defined contribution plan sponsors and financial advisors. His experience includes over 30 years as CEO of a benefits consulting and registered investment advisory firm and the co-founder of a daily recordkeeping service provider. He is past president of the Orange County chapter of the Western Pension & Benefits Council, and author of the textbook Retirement Planning for Professionals, published by John Wiley & Sons.
This Technical Lunch Forum will be of particular interest to:
- · Sponsors of 401(k) & 403(b) plans who want to understand and fulfill their disclosure responsibilities and fiduciary their 408-b-2 liability exposure
- · Plan Fiduciaries who want to gain a better understanding of their disclosure responsibilities
- · Service Providers to 401(k) and 403(b) plans, especially third-party administrators and investment advisers, who want to enhance their ability to provide quality services to their clients.
- · Those who want a clear understanding of ERISA Expense Accounts
About our Technical Lunch Forums:
The registration fee includes a box lunch. To register for this or any other upcoming event, visit our website at www.WPBCOrangeCounty.org and then select Events from the menu.
Please join us for our next Technical Lunch Forum. This in-depth presentation will include:
- · 408b-2 Disclosure by Service Providers to Plan Sponsors
- o What to look for
- o Fiduciary Requirements
- o Actions that must be taken
- · 404a-5 Disclosure to Plan Participants
- o Importance of documented review of record keeper prepared materials
- o Gross/net fee disclosure
- · ERISA Expense Accounts
- · How to document disclosure compliance
- · Fulfilling fiduciary responsibility to periodically review expenses for reasonableness
- · Opportunities to provide added value services
Our speaker will be:
STUART HACK, JD, CLU Sunlin Consulting LLP
Stuart Hack is a partner with Sunlin Consulting LLP and Vice President of Sunlin Consulting Investment Advisory Services LLC. He advises qualified plan sponsors and record keepers on fiduciary liability exposure management. He designs, implements and monitors fiduciary best-practices programs, including fully documented ERISA 404(a)(5), 404(c) and 408(b)(2) compliance solutions. Stuart also designs and manages ERISA 3(38) fiduciary solutions that record keepers offer to participant-directed defined contribution plan sponsors and financial advisors. His experience includes over 30 years as CEO of a benefits consulting and registered investment advisory firm and the co-founder of a daily recordkeeping service provider. He is past president of the Orange County chapter of the Western Pension & Benefits Council, and author of the textbook Retirement Planning for Professionals, published by John Wiley & Sons.
This Technical Lunch Forum will be of particular interest to:
- · Sponsors of 401(k) & 403(b) plans who want to understand and fulfill their disclosure responsibilities and fiduciary their 408-b-2 liability exposure
- · Plan Fiduciaries who want to gain a better understanding of their disclosure responsibilities
- · Service Providers to 401(k) and 403(b) plans, especially third-party administrators and investment advisers, who want to enhance their ability to provide quality services to their clients.
- · Those who want a clear understanding of ERISA Expense Accounts
About our Technical Lunch Forums:
The registration fee includes a box lunch. To register for this or any other upcoming event, visit our website at www.WPBCOrangeCounty.org and then select Events from the menu.
Please join us for our next Technical Lunch Forum. This in-depth presentation will include:
- · 408b-2 Disclosure by Service Providers to Plan Sponsors
- o What to look for
- o Fiduciary Requirements
- o Actions that must be taken
- · 404a-5 Disclosure to Plan Participants
- o Importance of documented review of record keeper prepared materials
- o Gross/net fee disclosure
- · ERISA Expense Accounts
- · How to document disclosure compliance
- · Fulfilling fiduciary responsibility to periodically review expenses for reasonableness
- · Opportunities to provide added value services
Our speaker will be:
STUART HACK, JD, CLU Sunlin Consulting LLP
Stuart Hack is a partner with Sunlin Consulting LLP and Vice President of Sunlin Consulting Investment Advisory Services LLC. He advises qualified plan sponsors and record keepers on fiduciary liability exposure management. He designs, implements and monitors fiduciary best-practices programs, including fully documented ERISA 404(a)(5), 404(c) and 408(b)(2) compliance solutions. Stuart also designs and manages ERISA 3(38) fiduciary solutions that record keepers offer to participant-directed defined contribution plan sponsors and financial advisors. His experience includes over 30 years as CEO of a benefits consulting and registered investment advisory firm and the co-founder of a daily recordkeeping service provider. He is past president of the Orange County chapter of the Western Pension & Benefits Council, and author of the textbook Retirement Planning for Professionals, published by John Wiley & Sons.
This Technical Lunch Forum will be of particular interest to:
- · Sponsors of 401(k) & 403(b) plans who want to understand and fulfill their disclosure responsibilities and fiduciary their 408-b-2 liability exposure
- · Plan Fiduciaries who want to gain a better understanding of their disclosure responsibilities
- · Service Providers to 401(k) and 403(b) plans, especially third-party administrators and investment advisers, who want to enhance their ability to provide quality services to their clients.
- · Those who want a clear understanding of ERISA Expense Accounts
About our Technical Lunch Forums:
The registration fee includes a box lunch. To register for this or any other upcoming event, visit our website at www.WPBCOrangeCounty.org and then select Events from the menu.
· 408b-2 Disclosure by Service Providers to Plan Sponsors
What to look for
Fiduciary Requirements
Actions that must be taken
· 404a-5 Disclosure to Plan Participants
Importance of documented review of record keeper prepared materials
Gross/net fee disclosure
· ERISA Expense Accounts
· How to document disclosure compliance
· Fulfilling fiduciary responsibility to periodically review expenses for reasonableness
· Opportunities to provide added value services
Friday, March 6, 2015 v11:30 a.m. to 1:00 p.m.
At the offices of Precept Advisory Group, 130 Theory - #200, Irvine, CA 92617
Registration Fee: $25 for Members, $40 for Non-Members
