The document discusses updates to 403(b) plan regulations effective in 2009, including requirements for a written plan document, nondiscrimination rules, and Form 5500 filing requirements. It covers determining fiduciary status and responsibilities, transition guidance for contracts issued before 2009, and ensuring accurate investment valuation which is a fiduciary duty. The presentation aims to help plan sponsors audit their 403(b) plans and avoid common pitfalls to maintain compliance.
How to Use Free Grant Money from State of Minnesota to Clean-up Real EstateDan Schleck
This program summarizes the use of free clean-up grant funds from the Minnesota Department of Employment and Economic Development (DEED) to remediate contaminated Real Estate and add equity into a deal by leveraging these funds.
How to Use Free Grant Money from State of Minnesota to Clean-up Real EstateDan Schleck
This program summarizes the use of free clean-up grant funds from the Minnesota Department of Employment and Economic Development (DEED) to remediate contaminated Real Estate and add equity into a deal by leveraging these funds.
Are you involved with the management of a 401(k) plan that is required to have an audit conducted? Please join Danielle Gisondo, CPA, Marilea Campomizzi, CPA and Rebecca Ferris, CPA for a presentation on what to expect the first time your plan needs an audit and what you should be doing now for an easy audit.
Presented at RubyConf 11/10/2013
Introduced in Ruby 2.0, TracePoint is meant to help developers better instrument their code for debugging and performance reasons, but there's more to TracePoint than that!
In this talk we'll learn about TracePoint while building several example projects. Once we know the basics we'll use TracePoint to do things to Ruby that we couldn't have done otherwise.
By the end of this talk you'll be able to frighten and amaze your friends when you show them things like true abstract classes and interfaces in Ruby, just like Java! Yikes!
10 errores a evitar en tu reputación onlineVíctor Puig
Prevenciones y buenas prácticas a tener en cuenta en ORM (Online Reputation Management, o Gestión d ela Reputación Online). Una charla para Congreso Web 2013 (Zaragoza)
Pautas de redacción a tener en cuenta a la hora de publicar notas de prensa online o posts en blogs corporativos, cómo integrar redes sociales en esos textos y ejemplos de qué prácticas llevan a acabo, y cuales ignoran, algunas empresas del ibex 35
Are you involved with the management of a 401(k) plan that is required to have an audit conducted? Please join Danielle Gisondo, CPA, Marilea Campomizzi, CPA and Rebecca Ferris, CPA for a presentation on what to expect the first time your plan needs an audit and what you should be doing now for an easy audit.
Presented at RubyConf 11/10/2013
Introduced in Ruby 2.0, TracePoint is meant to help developers better instrument their code for debugging and performance reasons, but there's more to TracePoint than that!
In this talk we'll learn about TracePoint while building several example projects. Once we know the basics we'll use TracePoint to do things to Ruby that we couldn't have done otherwise.
By the end of this talk you'll be able to frighten and amaze your friends when you show them things like true abstract classes and interfaces in Ruby, just like Java! Yikes!
10 errores a evitar en tu reputación onlineVíctor Puig
Prevenciones y buenas prácticas a tener en cuenta en ORM (Online Reputation Management, o Gestión d ela Reputación Online). Una charla para Congreso Web 2013 (Zaragoza)
Pautas de redacción a tener en cuenta a la hora de publicar notas de prensa online o posts en blogs corporativos, cómo integrar redes sociales en esos textos y ejemplos de qué prácticas llevan a acabo, y cuales ignoran, algunas empresas del ibex 35
Sales de premsa 2.0: perque fer-ho bé costa pocVíctor Puig
Xerrada per a la taula rodona Gabinets 2.0 al Col·legi de Periodistes de Catalunya sobre com i per qué fer servir una sala de premsa 2.0 en forma de blog corporatiu
Té perills el rastre que deixem a les xarxes socials?Víctor Puig
Xerrada per al cicle "Visions de la Ciència. Joves, adolescents i salut" sobre la petjada digital , la reputació personal online i precaucions en l'ús de xarxes socials per a joves i menors.
This webinar provided a 401(k) and pension plan accounting and auditing update for plan sponsors, including management, accountants, and Human Resource professionals. In addition, the presentation provided an update on recent Employee Retirement Income Security Act (ERISA) criminal cases, the outcomes of those cases, and the prosecution.
For nearly 40 years, ERISA has required retirement plan fiduciaries to ensure the reasonableness of service and investment fees paid by the plan. However, fee reasonableness has only recently grabbed headline attention due largely to the finalization of the 408(b)(2) regulations and the Missouri district court's decision in Tussey v. ABB, Inc. Despite the strength of its fee reasonableness standard, ERISA provides little practical guidance as to how and when plan fiduciaries should be making and documenting their fee reasonableness determinations. In this presentation, we provide a historical overview of the legislative, regulatory and judicial context surrounding this fundamental fiduciary duty; a look at recent Department of Labor regulatory examination activity centered on fee reasonableness; and a practical, step-by-step guide to meeting the fee reasonableness requirements.
Retirement Plans: Managing Your Fiduciary ResponsibilitySecureDocs
http://www.securedocs.com - Protecting the financial viability of a company is a heavy undertaking. As a trusted advisor to the business as an entity as well as your colleagues, you are expected to use your expertise to determine best practices to keep everyone’s profits and retirement plan savings afloat. It is important that you use a disciplined process to help manage your fiduciary responsibility.
This presentation covers a series of new and important information regarding your role as a fiduciary.
View the presentation to learn about:
-Plan Governance - what is it and why you should care.
-Fee Disclosure is here, now what? Understanding and determining reasonableness.
-Are your participants Retirement Ready?
-401K, IRS and Department of Labor (DOL) audit planning.
Your annual plan audit does not have to be stressful. We will review plan audit requirements and how you can best be prepared for your audit to make it a more efficient and less stressful experience. Specific areas will include common audit findings: coordinating information from your plan service providers; timely completing your auditor’s requests; and wrapping up the audit. We will also discuss your fiduciary responsibility and risk regarding your plan audit and why you should be concerned in having an experienced firm perform your audit.
Discussion of recent IRS and Department of Labor 401(k) and pension plan investigations; Learn how you, your management, and your HR team can prevent some of the costly mistakes associated with running your 401(k) and pension plans; Learn the steps to take when sponsoring a retirement plan to avoid problems down the road; Learn what to do when you come across a problem that has already happened.
Hello, this slide will take you through the essentials of financial report, Fundamental concepts of Balance Sheet, Profit & Loss, Cash Flow, Ratio Analysis etc. For a detailed course please visit https://excelfinanceacademy.zenler.com/
Auditing Cayman Funds and Crypto FundsDavid Walker
Presentation by Moore Stephens Cayman for the Cayman Islands Institute of Accountants on International Standards on Auditing for Cayman Funds & Cryptocurrency Funds
Fiduciary Wellness 06/11/13 - 5 things you should be, and 5 things you should...Michael Olah
ERISA fiduciaries often don't know what is expected of them - and some don't even know what it means to be a fiduciary, and even if they are one. This presentation walks through some basics of being an ERISA fiduciary, and then describes 5 things you should be doing as a fiduciary (but probably aren't) and 5 things you really shouldn't be doing (and hopefully aren't!).
Key information on Fair Labor Standard Act compliance and employee tracking including exempt vs non exempt employees, difference between employees and independent contractors and issues specifically related to nonprofits.
Information for tax exempt organizations on what they can do to address and manage unrelated business income tax issues they may be facing in their business - Tate Tryon CPAs - nonprofit CPA Firm.
Presentation discussing the importance of reserves, how they should be used, ways to predict risk, and strategies for enhancing - Tate Tryon CPAs - Nonprofit CPA Firm
Key information on how FASB's attempts to integrate lease accounting will impact most tax exempt organizations including specific examples and what if situations presented by Nonprofit CPA Firm - Tate Tryon CPAs
Information on how companies and tax exempt organizations can leverage technology and other tools to enhance the level and effectiveness of internal communications - Tate Tryon CPA s- Nonprofit CPA Firm.
Information on the new retirement plan fee disclosure rule and how it will impact nonprofit organizations offering 403(b) and other retirement plan solutions - Tate & Tryon - Nonprofit CPA Firm
Presentation originally given at nonporict CPA Firm - Tate & Tryon - covering a number of key issues to nonprofits including CRM, Accounting Updates, Executive Compensation & more.
Key information from the IRS on what's new in the 2012 Form 990 and key excerpts from the IRS Exempt Organization workplan for 2013 presented by Tate Tryon's Deborah Kosnett, CPA.
Budgeting Strategies for nonprofit organizations to use in tight economic times. Information provided by nonprofit accounting firm, Tate & Tryon, Washington DC.
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
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Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
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[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
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It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
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3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
2. Presenters:
Cynthia L. Keith, CFA
Executive Director-Investments and Senior
Portfolio Manager
Oppenheimer & Co. Inc.
Erin Hultman, CPA, MST
Senior Manager-Audit and Assurance Services
Tate & Tryon, CPAs and Consultants
3. Final Regulations
• Effective for plan years beginning
on or after January 1, 2009
• Written plan document
• Nondiscrimination rules
• Closes the gap between 403b and 401k plans
• Form 5500 filing requirements
4. Plan document
• Must be written
• Stand-alone or collection
• Must include material provisions
▫ Eligibility
▫ Benefits
▫ Investment options
6. Closes the gap between
403b and 401k regulations
• Timely employee deferral remittances
• Form 5500 filing requirement if subject to
ERISA
• Plan administration
• Fiduciary responsibilities
7. Who are the plan’s fiduciaries?
• Discretion
• Control
• Examples
▫ Administration
▫ Trustee
▫ Investment consultant or manager
8. Who is not a fiduciary?
▫ Attorneys for the plan
▫ Accountants for the
plan
▫ Actuaries for the plan
9. What are the fiduciaries’
responsibilities?
• Act solely in the interest of participants
• Act prudently
• Follow plan documents
• Diversify investments
• Pay reasonable expenses
10. What is the liability for fiduciaries?
• Personal liability
• Ways to limit that liability
1. Document processes
2. Full reporting
3. Provide participants with control over
investment options
4. Provide default investment options
5. Liability indemnification or fidelity bond
11. Form 5500 filing requirements
• ERISA v. Non-ERISA – new
regulations did not impact directly
• Non-ERISA plans
• Church & governmental plans
• Employee deferral ONLY plans
• Increased scrutiny by DOL of sponsoring
organization
12. Form 5500 filing requirements
• ERISA plans
• Small plan v. large plan
• 80/120 rule
• Schedule H
• eFiling required
14. Transition guidance
• Revenue Procedure 2007-71
▫ Contracts issued prior to 1/1/2005
▫ Contracts issued 1/1/2005 – 1/1/2009 –
reasonable good faith effort
▫ Contracts issued after 1/1/2009 – include in
plan assets
15. Transition Relief:
DOL Field Assistance Bulletin 2009-02
• Contract issued before 1/1/2009
• No obligation to make contributions since
1/1/2009
• Rights under contract enforceable against
insurer, no employer involvement
• Owner of contract is fully vested
16. What qualifies as employer
involvement?
• EBSA Field Assistance Bulletin No. 2010-01
▫ Involvement can include keeping plan
compliant
▫ Employer can confirm employee information
▫ Employer cannot approve transactions
18. Preparing for the audit
• Obtain TPA reports, 2009 and 2008, by
investment and by participant
• Document internal controls
• Determine participant count and plan asset
totals
• Properly value plan assets
19. Accurate investment valuation is a
fiduciary duty
Why is accurate valuation important?
• Responsibility to maintain records and report on
form 5500
• Plan Distributions need to be correct
20. What is fair value?
• GAAP requirement
• Old definition of fair value
• New definition of fair value
21. How should investments be valued?
• Level 1 – quoted prices in active markets for identical
assets
1. For identical assets only
2. Accessed at the measurement date
3. Must be used if available
• Level 2 – observable inputs
1. Not exchange prices but directly or indirectly
observable
2. What market participants are using
• Level 3 – unobservable inputs
1. The plan’s assumptions about market price
2. Based on information available
3. May rely on investment manager
22. Ensuring appropriate investment
valuations
Why is this important to you as a
fiduciary?
• Custodian etc may provide prices
• Fiduciary remains responsible
• Fiduciary required to evaluate pricing
23. Internal controls
• Process for determining fair value
• Select appropriate valuation method
• Identify and support assumptions
24. Practical steps
• Obtain SAS #70 report
1. Type 1 report
2. Type 2 report
• Caveats
1. Without SAS #70
2. Mutual funds and marketable securities
3. SAS #70 does not cover alternative investments
25. Valuation short cuts that may not work
• Custodial reports
1. Valuation date not equal to plan year end
2. Pass through pricing
• Certification from custodian or trustee
1. ERISA allows this in certain cases
2. Should state prices are fair value
• Hiring an appraiser
1. Relieves some responsibility for fair value pricing
2. Fiduciary still responsible for review
27. Audit opinions
• Unqualified – full scope only
• Qualified – possible as a result of missing
plan information
• Disclaimer – due to limited scope audit
• Disclaimer – due to other limitations
• Adverse
• What opinions will DOL accept on Schedule
H?
• Good faith effort
28. Common audit pitfalls to avoid
• Employee contributions not remitted timely –
no safe-harbor for large plans
• Incomplete employee files