|
ABA
Joint Committee on Employee Benefits
The Sections of Business Law, Health Law, Labor and Employment
Law,
Real Property, Probate and Trust Law, Taxation and Tort Trial
and Insurance Practice
and The American College of Employee Benefits Counsel Present
Automatic Rollovers:
The New DOL Guidance
A 90-minute Teleconference / Audio
Webcast
Thursday, April 8,
2004
1:00-2:30 pm ET / 12:00-1:30 pm
CT / 11:00 am-12:30 pm MT / 10:00 am-11:30 am PT
This program has
already taken place.
Audiotapes are available for $150.
For ordering information, contact Nancy Matthews at matthewsn@staff.abanet.org
or (202) 662-8640.
Ref. #JCEBT040408ARNA
The Department of Labor recently issued
a proposed "safe harbor" regulation and a proposed
prohibited transaction class exemption for plan sponsors and
financial institutions to comply with the new automatic rollover
rules. These rules will require that any mandatory retirement
plan cash-out of $1,000 to $5,000 must be rolled over to an
individual retirement account unless the participant elects
otherwise.
Topics Include:
- Prohibited transaction relief
- "Safe harbor" investments to satisfy ERISA
fiduciary rules
- Required disclosures
- IRA fees and expenses
- Determining the present value of accrued benefits
for automatic rollovers
|
- Working with financial institutions
- IRA fees and expenses
- Effect of the USA Patriot Act on identification
and verification of absent IRA participants
- Anticipated IRS guidance; governmental and other
plans not covered by Title I of ERISA
|
Moderator
Joni L. Andrioff, Jones Day, Chicago, IL
Speakers
Susan Marie Halliday, U.S. Department of Labor, Employee
Benefits Security Administration, Office of Regulations and
Interpretations, Washington, DC
Allison Padams Lavigne, U.S. Department of Labor, Employee
Benefits Security Administration, Office of Exemption Determinations,
Washington, DC
Thomas Reeder, Office of Tax Policy, U.S. Department
of Treasury, Washington, DC
Douglas O. Kant, Senior Vice President and Deputy General
Counsel, Fidelity Investments, Boston, MA
|
