The Landscape Has Changed: Webinar for not-for-profits
New regulations require immediate action from 403(b) plan sponsors
Do you have more than 100 participants in your 403(b) plan? If you answered yes, an audit of your plan must be completed by October 15, 2010.Only 54 percent of entities requiring 403(b) audits are aware of this requirement – and it needs to happen now according to a recent study by TIAA CREF. Are you ready?
Join RSM McGladrey and McGladrey & Pullen LLP to discuss the impact of recent 403(b) plan regulations on how the plan is administered, the challenges of the audit, frequent reporting issues and the expectation of organizations. More specifically you will receive:
- An overview of the drastic changes in 403(b) plan regulations, including an organization’s fiduciary responsibility and personal liability
- An understanding of your organization’s responsibility in executing the changes
- A suggested set of internal controls that should be in place to monitor and provide reconciliations
- An outline of the steps involved in preparing for the audit
- Anoutline of whatto expect during the audit process
- An understanding of accounting circumstances that would yield a qualified vs. unqualified audit opinion
Featured speakers:
Rosemarie Panico-Marino, executive managing director and RSM McGladrey’s Retirement Resources practice leader, will discuss the organization’s responsibilities in executing the 403(b) regulatory changes.
James Moyna, partner with McGladrey & Pullen, will discuss steps organizations need to be taking now to prepare for an audit, as well as the possible outcomes with a qualified opinion or internal control letter.
Who should attend?
Plan administrators and accounting personnel at organizations with 403(b) plans containing 100 or more participants.
Webcast details: March 10, 2010, 11 am – 12:30 pm PST
(Up to 1.5 CPE credits awarded)
Participants must be logged in via phone and web with first and last name in order to receive CPE credit.
RSM McGladrey Inc. 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