Self-Correction

after SECURE Act 2.0 

Join Us at Andrei's

Thursday, September 14, 2023

8:00 am to 9:45 am

Session Synopsis:

Secure 2.0 made many important changes, however, one of the more impactful changes is the expansion of self-correction (Section 305). Previously, the IRS limited self-correction to certain plan failures. Other failures required expensive and time consuming filings with the IRS. Since few plans can avoid an occasional plan error, the expansion of self-correction is welcome news. In this Chapter meeting, we will explain the new correction procedures, including the recent guidance provided by the IRS (Notice 2023-43). Using case studies, we will illustrate how to apply the correction methods to resolve plan failures.

Stephen Forbes:      

Stephen is an ERISA attorney and educator with 35 years of experience practicing and teaching in the retirement plan area. Recently, Mr. Forbes received ASPPA’s 2019 Educators Award. Stephen was vice president of SunGard in charge of Relius Education. He teaches seminars, conferences and webcasts on retirement plan compliance, design and correction. He also provides professional consulting. Mr. Forbes has drafted qualified plan, 403(b), 457(b), 409A and IRA documents. He was the author of “The Form 5500 Filing Guide” and the co-author of “The Pension Library.” Mr. Forbes was a Tax Law Specialist at the IRS National Office (Employee Plans Division) where he trained IRS employees, wrote IRS Notices and Revenue Rulings and participated in several Treasury regulations committees.

Continuing Education:

• 2 CE for AIF
• 2 CECs for ERPA 
• 2 CPEs for ASPPA certifications
• 2 CECs for NIPA certifications
• 2 hours for California CPAs 
• 1.75 hours of California MCLE
• 2 hours for Certified Financial Planners (pending)
• 2 CE for CRPS 
• 2 CE for CEBS

Pricing:

• Regular: $55 for members, $75 for non-members
• Gold Members: 1 prepaid ticket for each breakfast forum
• Corporate & Sponsor Members: 3 prepaid tickets for each breakfast forum

Doors open at 7:30 am for check-in, breakfast and networking.  Our program will begin at 8:00 am and this program will end at approximately 9:45 am.  The registration fee includes a full breakfast buffet and hosted valet parking.

• WP&BC Members can bring a guest for free!  This is a wonderful opportunity to introduce your peers and colleagues to our Chapter.  Remember, your guest should be a first-time visitor and potential member.   Look for the free guest offer when you register online
• 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.